Sigma Designs Announces Plan for Initial Distribution in Connection with Voluntary Plan of Liquidation and Dissolution, Payable on August 14, 2018
July 20, 2018 at 06:30 pm IST
Sigma Designs, Inc. announced that its Board of Directors has approved an initial distribution of $6.00 per share to its shareholders of record as of the close of business on July 31, 2018. The amount is based on a total of approximately 40.0 million shares outstanding. The distribution will be initiated on August 14, 2018. This distribution will be made in accordance with the Company’s previously announced voluntary Plan of Liquidation and Dissolution that was approved by its shareholders at a special meeting of shareholders held on April 17, 2018.