Shareholders Re-Elect Board of Directors; Board Appoints Craig
McCaw Non-Executive Chairman Company to Trade Under Ticker Symbol PCO
KIRKLAND, Wash.--(BUSINESS WIRE)--
ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) ("the
Company") announced today that its board of directors and its majority
shareholder have approved changing the Company's name to Pendrell
Corporation. The new ticker symbol for the Company will be PCO, and it
will continue to trade on the NASDAQ stock exchange.
The Company has filed an information statement describing the name
change with the Securities and Exchange Commission (SEC), and the name
change will become effective in mid-July. The effective date of the name
change will coincide with the first day of trading under the new ticker
The Company's shareholders also re-elected the following members to its
board of directors at its annual meeting on June 14, 2011: Richard P.
Emerson, Richard P. Fox, Nicolas Kauser, Craig O. McCaw, R. Gerard
Salemme, Stuart M. Sloan, H. Brian Thompson and Benjamin G. Wolff.
The board of directors has also elected Craig McCaw, the Company's
previous chairman, to serve as non-executive chairman of the board, and
Ben Wolff will continue to serve as the Company's president and chief
executive officer. The move is consistent with the emerging corporate
governance trend to separate the chairman and chief executive roles.
About ICO Global Communications
ICO is headquartered in Kirkland, Washington. For more information,
ICO Global Communications
Christopher Doherty, 703-964-1414
Source: ICO Global Communications (Holdings) Limited
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