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Citizens Granted Regulatory Approval To Purchase Class B Shares Giving Control Back To The Company


Citizens Granted Regulatory Approval To Purchase Class B Shares Giving Control Back To The Company
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AUSTIN, Texas, April 16, 2021 /PRNewswire/  Citizens, Inc. (NYSE: CIA) today announced that on April 12, 2021, final regulatory approval was granted, enabling the Harold E. Riley Foundation (the Foundation ) to transfer all of the Class B common stock back to Citizens, Inc.
As previously disclosed, on February 5, 2021, Citizens, Inc. entered into a Purchase and Sale Agreement with the Foundation to purchase 100% of the Company s Class B common stock from the Foundation at an aggregate purchase price of $9,090,463.80 (the Class B Transaction ) which was paid on March 5, 2021.  ....

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