Tigrent Inc. ("Tigrent") is pleased to announce that it has completed the stock distribution approved by its Board of Directors on October 4, 2016. Pursuant to the stock distribution, 15,998,326 shares of Common Stock in Legacy Education Alliance, Inc. (OTCQB: LEAI) ("Legacy") were distributed to Tigrent shareholders at a ratio equal to 1.00105 shares of Legacy Common Stock for each share of stock held in Tigrent.
"We are pleased that this transaction has been completed, and believe that the shareholders of Tigrent will now be empowered to fully participate in the affairs of Legacy, while achieving greater flexibility and control of their individual financial affairs," said Anthony C. Humpage, CEO of Tigrent.