ROCK ISLAND, IL - Rock Island, Illinois based Illinois Casualty Company, a Mutual Insurance Company, has received permission from the State of Illinois Department of Insurance to demutualize, subject to approval by policyholders of record, pursuant to an initial public offering of common stock of the newly formed ICC Holdings, Inc.
Policyholders of record will have the first right to purchase stock in ICC Holdings, Inc.
The offering period is open from the date of mailing (February 15, 2017) until March 15, 2017.
ICC Holdings, Inc.
has authorized the sale of up to 3,680,000 shares at an initial offering price of $10 per share. The Company may raise up to $36,800,000.
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The general public may purchase available shares after the policyholders and Employee Stock Ownership Plan (ESOP). The Company has applied to list the shares of ICC Holdings, Inc.
on NASDAQ under the symbol "ICCH."
A registration statement relating to the securities being sold in the offering was declared effective by the Securities and Exchange Commission on February 14, 2017. This offering is being made only by means of a prospectus.
A copy of the prospectus may be obtained from Griffin Financial Group LLC, via telephone at: 610.205.6100; email to: [email protected]; or standard mail at Griffin Financial Group LLC, Attn: Jeffrey P. Waldron, 620 Freedom Business Center, Suite 210, King of Prussia, Pennsylvania 19406.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Illinois Casualty Company has been located in Rock Island since its inception in 1950. It provides property and casualty insurance to businesses in the food and beverage industry, primarily bars and restaurants.
Currently, the Company has 97 employees with 75 located at the corporate headquarters in downtown Rock Island. Illinois Casualty Company writes over $51 million in premium in seven Midwestern states.