Alico, Inc. Announces Expected Dissolution of Its Largest Shareholder, 734 Investors
Alico, Inc. (ALCO)
US:NASDAQ Investor Relations:
ir.stockpr.com/alicoinc/investor-home
Company Research
Source: GlobeNewswire
FORT MYERS, Fla., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Alico, Inc. (“Alico” or the “Company”) (Nasdaq: “ALCO”) today announced that 734 Investors, LLC (“734 Investors”), the Company’s largest shareholder, has distributed the 3,173,405 shares of Company common stock held by it, on a pro rata basis, to its members. This share distribution comes in anticipation of the dissolution of 734 Investors later this year. Transfers of these shares are not registered on any current Alico registration statement, but the shares are potentially transferable pursuant to Rule 144, subject to certain customary restriction. John Kiernan, Alico’s President and Chief Executive Officer, said, “734 Investors was created for a 6-year period of time, which is expiring. After this distribution, the individual members of 734 Investors will now directly own their same underlying ownership stake in Alico. We have been grateful for their support since 2013, and look forward to their continued investment in our Co
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News
- Sidoti Events, LLC's Virtual November Micro-Cap ConferenceAccesswire
- Alico, Inc. (ALCO): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Initial Assessments Indicate that Alico, Inc. Sustained Minimal Tree Damage from Hurricane Milton Last WeekGlobeNewswire
- The past three years for Alico (NASDAQ:ALCO) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Alico: A Post-Hurricane Buying Opportunity May Be Presenting Itself [Seeking Alpha]Seeking Alpha
ALCO
Earnings
- 8/5/24 - Miss
ALCO
Sec Filings
- 11/21/24 - Form 8-K
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- ALCO's page on the SEC website