Remember Calico Commerce? CLIC was the symbol .. it was an BtoB internet company during internet heyday. two years ago it was liquidated in bankruptcy for .55
Calico Commerce, Inc. Announces $0.09 Second Cash Liquidating Dividend
SAN JOSE, Calif. --(Business Wire)-- May 7, 2004 -- Calico Commerce, Inc., announced today that on May 17, 2004 the Company will make a $0.09 per share second liquidating dividend to stockholders of record on August 26, 2003. Calico's first liquidating dividend of $0.46 was in December, 2003, bringing the total liquidating distributions to $0.55 per share. This second dividend represents the bulk of the remaining assets in the Company, and a small final distribution (if at all) is not expected until the end of 2004.
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The liquidating dividend is being made pursuant to the terms of, and in accordance with, the joint Plan of Reorganization filed by Calico and its Official Committee of Equity Security Holders, and approved by order of the United States Bankruptcy Court for the Northern District of California, San Jose Division, Case No. 01-56101-MSJ, entered on August 14, 2003, confirming the First Amended Joint Plan of Reorganization (Dated June 30, 2003) (the "Plan") filed by Calico Commerce, Inc. and the Official Committee of Equity Security Holders appointed in the case.
Calico made the initial liquidating distribution on December 18, 2003 of $0.46 to each Calico stockholder of record as of August 26, 2003 (the "Record Date"), based upon 39,417,057 shares of Common Stock outstanding as of the Record Date. In this second liquidating distribution, the Company's stockholders of record at the close of business on the Record Date will receive $0.09 per share for each share of the Company's common stock that they owned. The Company's transfer agent, American Stock Transfer & Trust Company, will be the distribution agent for purposes of distributing this dividend. The distribution will be mailed to each stockholder (or, in certain circumstances, a confirmation of credit to the stockholder's brokerage account) by the transfer agent on or about May 17, 2004. All stockholders must cash the checks sent to them in connection with this distribution within 6 months or the funds will be void and considered "unclaimed property" under the plan of reorganization.
A negligible final distribution, if any, will be made after all disputed, contingent claims have been resolved, which is not expected before the end of 2004. After final distribution of all remaining assets to creditors and equity holders in one or more distributions, and after entry of the final decree in the bankruptcy case, the Company expects to dissolve. |
