Isabella Bank Corporation Commences a Modified Dutch Auction Tender Offer to Repurchase up to $20,000,000 of its Common Stock
Retrieved on:
Wednesday, September 1, 2021
Tender offer, Corporate action, Securities and Exchange Commission (Nigeria), Nature, Communication, OTCQX, SEC, Letter, Corporation, Common stock, Board of directors, Isabella (commedia dell'arte), Share repurchase, Sumathi Best Television Current Reporting Award, Time, Schedule TO, Letter of transmittal, Forward-looking statement, Money transmitter, Board, Trust, ISBA, Bank, Risk, CEO, Isabella Bank, OTC Bulletin Board, Sale, OTC Markets Group, Annual report, COVID-19, Mission statement, Tender, U.S. Securities and Exchange Commission, Security (finance), Auction
If the Tender Offer is fully subscribed, the Corporation will purchase between 740,741 shares and 869,565, or between 9.32% and 10.94%, respectively, of the Corporation's outstanding Common Stock.
Key Points:
- If the Tender Offer is fully subscribed, the Corporation will purchase between 740,741 shares and 869,565, or between 9.32% and 10.94%, respectively, of the Corporation's outstanding Common Stock.
- A modified "Dutch auction" tender offer allows shareholders to indicate how many shares of Common Stock and at what price within the range described above they wish to tender their shares.
- The information agent for the Tender Offer is Debra A. Campbell, Secretary, Isabella Bank Corporation, and the depositary is Broadridge Corporate Issuer Solutions, Inc.
- Isabella Bank Corporation (OTCQX: ISBA) is the parent holding company of Isabella Bank, a state chartered bank headquartered in Mt.