Ludvik Announces Implementation of Quarterly Dividend Policy


Posted May 9, 2019 by ludvikholdings

Ludvik Holdings, Inc. (the "Company" or "Ludvik") announced today that it intends to pay a regular quarterly dividend to holders of its common stock.

 
Williamsburg, VA., May 9, 2019: Ludvik Holdings, Inc. (the "Company" or "Ludvik") announced today that it intends to pay a regular quarterly dividend to holders of its common stock. In connection with this dividend program, the Company's Board of Directors (the "Board") intends to declare a $.0.0125 per share dividend payable on July 15, 2019, to shareholders of record at the close of business on June 30, 2019.

While the Company intends to pay a regular quarterly dividend for the foreseeable future, from its portfolio companies, as a way of providing a dividend income to its common shareholders, the Company also plans to complete the following items on or before June 30, 2019:

• publicly announce a target company that has an enterprise value above $50 million.
• To complete a business combination through an acquisition, with a Letter of Intent & sign a Stock Purchase Agreement.
• The company will announce an underwriter for the company’s shares.
• The company will submit a completed NYSE application and all other required documentation, including any required approvals before listing on the exchange and (iii) whether the transaction would include a merger, asset acquisition. Depending on the transaction, the process can take up to 90 days to be completed.
• The company. plans to distribute registered common shares to its shareholders on a 1 for 1 basis prior to trading on the open market, as a way of providing shareholder liquidity.

We look forward to completing another successful year and welcome the opportunity to continue to work for the benefit of the shareholders as we continue to increase shareholder value.

About Ludvik Holdings, Inc.

Ludvik provides advisory services to private and public companies and is focused on making investments to increase revenues and portfolio value. Ludvik provides long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries primarily located in the U.S.

Forward-Looking Statements

Except for historical information contained in this news release, the matters discussed are forward looking statements that involve risks and uncertainties. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions identify forward-looking statements, which are based on the current belief of company management, as well as assumptions made by and information currently available to company management. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the company’s ability to continue paying a quarterly dividend, a decrease or other change in the dividend rate, and other risks and factors identified from time to time in the company’s filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements contained in this press release. The Company does not undertake any obligation to update such forward-looking statements.
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Contact Email [email protected]
Issued By Ludvik Holdings Inc
Phone 7573453375
Business Address 332 NORTH HENRY ST
Country United States
Categories Banking
Tags dividend
Last Updated May 9, 2019