Investors Capital Holdings stockholders approve merger with RCAP

theflyonthewall.com

Investors Capital Holdings (ICH) announced that, at a special meeting held today, ICH stockholders adopted the Agreement and Plan of Merger, dated as of October 27, 2013, as amended as of February 28, by and among RCS Capital (RCAP), a Delaware corporation, Zoe Acquisition, a Delaware limited liability company and a wholly-owned subsidiary of RCAP, and ICH, and approved the transactions contemplated by the Merger Agreement, including the merger of ICH with and into Merger Sub, with Merger Sub surviving the merger and continuing as a subsidiary of RCAP under the name "Investors Capital Holdings. Stockholders approved, on a non-binding advisory basis, the compensation that may be paid or become payable to ICH's named executive officers in connection with the Merger.

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