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Citizens suspends class A common share purchase

Citizens Inc. has suspended the purchase of its class A common shares after it missed an extended deadline to file its 2016 Form 10-K.

After the 2016 annual report is filed, Citizens expects to file a post-effective amendment on Form S-1 with the U.S. Securities and Exchange Commission. If the regulator declares the amended registration statement effective, the company will instruct the plan administrator to resume purchases under its stock investment plan.