Key Developments: Investors Capital Holdings Ltd (ICH)
3.59USD
20 May 2013
$-0.01 (-0.35%)
$3.60
$3.60
$3.60
$3.55
6,625
6,461
$4.25
$2.96
Latest Key Developments (Source: Significant Developments)
Investors Capital Holdings, Ltd. Announces Retirement Of Chairman
Investors Capital Holdings, Ltd. announced that, following a sale of his shares in a public offering, Chairman of the Board and founder, Theodore E. Charles has retired from the Company. Investors Capital will continue to be led by President and CEO Timothy B. Murphy. The current management team and home office staff will also remain in place. Full Article
Investors Capital Holdings, Ltd. Completes Secondary Common Stock Offering
Investors Capital Holdings, Ltd. announced that it has completed a secondary offering at a price of $4.25 per share of 3,608,820 shares of its common stock owned by Chairman of the Board and founder, Theodore E. Charles, members of his family, family trusts and a controlled charitable foundation. Investors Capital Corporation acted as the sole underwriter for the offering. The Company did not receive any of the proceeds from the offering of shares by the selling stockholders. The selling stockholders were responsible for underwriter and agents' commissions. Full Article
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