|By PR Newswire||
|September 4, 2013 04:30 PM EDT||
NEW YORK, Sept. 4, 2013 /PRNewswire/ -- EDCI Holdings, Inc. (FORMERLY PINK SHEETS: EDCI) (the "Company" or "EDCI"), today announced that the Company's Board of Directors has approved a dissolution distribution of approximately $22.71 million or $3.83 per share of EDCI's common stock outstanding. The Board of Directors has fixed September 16, 2013, as the record date for the dissolution distribution. The dissolution distribution will be paid on September 30, 2013.
EDCI reminds its stockholders that effective January 25, 2013, EDCI has closed its transfer books. As such, certificates representing shares of our Common Stock will not be assignable or transferable on our books except by will, intestate succession or operation of law, and we will not issue any new stock certificates, other than replacement certificates. Transactions effected on the Pink Sheets or otherwise are not, accordingly, legally transfers of EDCI stock. Reference to the EDCI Pink Sheet trading ticker in this press release has been made in an effort to ensure the press release is made available on a website that the owners of EDCI stock as of January 25, 2013 have previously used to access updates on EDCI. EDCI is not otherwise undertaking to make any future information available, whether pursuant to any Pink Sheets / OTC Markets / or other disclosure standards.
About EDCI Holdings, Inc.
EDCI Holdings, Inc. (FORMERLY PINK SHEETS: EDCI) is engaged in carrying-out its Plan of Complete Liquidation and Dissolution (the "Plan of Dissolution"), which was approved by EDCI's stockholders on January 7, 2010. EDCI is also the majority equity-holder of Entertainment Distribution Company, LLC ("EDC").
SOURCE EDCI Holdings, Inc.