Independence Holding Company Announces the Final Results of Its Tender Offer to Repurchase up to 1,000,000 Shares of Its Common Stock
Promptly after this announcement, the Depositary will issue payment for the shares validly tendered and accepted under the tender offer. Shareholders who tendered shares and who have questions may call the Depositary at (844) 898-7017 (toll-free).
IHC remains committed to returning capital to its stockholders through its previously announced share repurchase program. The number of shares available under IHC’s current repurchase program was unaffected by the tender offer. IHC may continue to repurchase up to 1,667,725 shares of its common stock under its current repurchase program commencing ten business days after expiration of the tender offer. Under its repurchase program, IHC may repurchase shares from time to time in the open market or in privately negotiated transactions. The amount, timing and price of any repurchases will depend on a number of factors, including, without limitation, the Company’s results of operations, financial position and capital requirements, business and market conditions, including the price of shares of its common stock, and legal, tax, regulatory and contractual constraints or restrictions.
Certain statements and information contained in this release may be considered “forward-looking statements,” such as statements relating to management's views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the markets in which IHC operates, new federal or state governmental regulation, IHC’s ability to effectively operate, integrate and leverage any past or future strategic acquisition, and other factors which can be found in IHC’s other news releases and filings with the SEC. IHC expressly disclaims any duty to update its forward-looking statements unless required by applicable law.
|CONTACT: Loan Nisser|
Source: Independence Holding Company