CITIZENS BANCORP COR CZBC.PK reclassification - cash out shareholders under 250 for $ 23.5.
This is thinly traded...
secinfo.com
When will the Reclassification be effective, and when will preferred stock and cash be sent?
The Reclassification becomes effective on the date on which Citizens files its Amended Articles of Incorporation, which will anticipate will occur promptly after December 18, 2007. Shareholders who own fewer than 2,500 shares of common stock as of the date of filing of the Amended Articles of Incorporation will receive Series A Preferred Stock thereafter, and shareholders who own fewer than 250 shares of common stock as of the filing date will receive cash at the rate of $23.50 per share. After the filing of the Amended Articles of Incorporation, if you at that time own less than 2,500 shares of common stock, we will mail you instructions on how to exchange your Citizens common stock certificate(s) for Series A Preferred Stock, or cash, as the case may be. After you sign the forms provided and return your stock certificate(s), we will send you your statement showing your Preferred Stock holdings, or we will send you cash if you are entitled to receive cash under the Reclassification. |
