CSE Bulletin: Delist – Data Deposit Box Inc. (DDB)

Toronto, Ontario – April 7, 2020 — /BackupReview.info/ — At the request of the company the common shares of Data Deposit Box Inc. (“DDB”) will be delisted at market close on April 7, 2020.

Data Deposit Box Inc. (“DDB”), a global provider of cloud backup and recovery technology, and HostPapa, Inc. (“HostPapa”), a web technology company specializing in web hosting and cloud services for small businesses, have announced that the amalgamation transaction (the “Amalgamation”) allowing DDB to be acquired by HostPapa has closed effective the end of business yesterday. The Amalgamation resulted in DDB amalgamating with a subsidiary of HostPapa, the amalgamated corporation becoming a wholly-owned subsidiary of HostPapa and, as part of the completion of the transaction, DDB shareholders will receive $0.012491639 per share in cash for each DDB share (the “ Cash Payment ”). The Amalgamation was approved by the DDB shareholders via special resolution at DDB’s annual general and special shareholders meeting (the “AGM”) held last month on March 13th.

Pursuant to the letter of transmittal mailed to DDB shareholders as part of the material in connection with the AGM, registered holders of DDB shares, in order to receive the Cash Payment to which they are entitled, will be required to deposit their share certificate(s) representing DDB shares, together with a duly completed letter of transmittal, with Capital Transfer Agency, the depositary in respect of the Amalgamation. Shareholders whose DDB shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee with questions regarding the receipt of their Cash Payment. DDB shareholders who have questions or require other assistance with submitting their DDB shares to the Amalgamation may direct their questions to Capital Transfer Agency by email at info@capitaltransferagency.com or by calling 1-416-350-5007 within Canada or toll free at 1-844-499-4482.

For any questions, for more information, please contact the registration department at 416 367-7340 or by email at: Listings@thecse.com

Source: The CSE

 

 

 

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