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Engagement Labs shareholders approve DGTL deal
2022-02-17 19:09 ET - News Release
See News Release (C-EL) Engagement Labs Inc (3)
Mr. John Belfontaine of DGTL reports
ENGAGEMENT LABS ANNOUNCES FINAL APPROVAL OF PLAN OF ARRANGEMENT WITH DGTL HOLDINGS -- MERGER ANTICIPATED TO CLOSE ON FEBRUARY 25, 2022
At the annual general and special meeting of shareholders of Engagement Labs Inc., held Feb. 14, 2022, over 98 per cent of the votes cast on the proposed plan of arrangement between Engagement Labs and DGTL Holdings Inc. voted in favour of the arrangement. The Ontario Superior Court of Justice (commercial list) issued a final order on Feb. 16, 2022, allowing the arrangement to proceed. Engagement Labs and DGTL are in the process of filing final documentation with the TSX Venture Exchange to give effect to the merger for trading purposes. Upon confirmation from the TSX-V that the additional common shares of DGTL issuable to Engagement Labs shareholders may be issued, the outstanding common shares of Engagement Labs will be exchanged for DGTL shares on the basis of one DGTL share for every 8.803 Engagement Labs share held. It is anticipated that the Engagement Labs shares will be delisted from the TSX-V following the completion of the arrangement, which the parties anticipate will occur on Feb. 25, 2022. Shareholders of Engagement Labs will be required to file a letter of transmittal with Computershare Investor Services Inc. to receive the DGTL shares to which they are entitled. Registered shareholders received the letter of transmittal by mail. Shareholders who hold their Engagement Labs shares through an intermediary (that is, broker) should contact their broker to confirm that the DGTL shares issued in exchange for their Engagement Labs shares have been deposited into their brokerage account. Shareholders should allow three business days from the delisting date to confirm the deposit of such shares. Registered Engagement Labs shareholders requiring assistance to exchange their Engagement Labs shares for DGTL shares may contact Computershare for assistance at 1-800-564-6253.
About DGTL Holdings Inc.
DGTL acquires and accelerates transformative digital media, marketing and advertising software technologies, powered by artificial intelligence. DGTL (that is digital growth technologies and licensing) specializes in accelerating commercialized enterprise-level SaaS (software-as-a service) companies in the sectors of content, analytics and distribution, through a blend of unique capitalization structures. DGTL is traded on the TSX Venture Exchange as DGTL, the OTCQB Exchange as DGTHF and the Frankfurt Stock Exchange as A2QB0L.
About Engagement Labs Inc.
Engagement Labs is an industry-leading data and analytic firm that provides social intelligence for Fortune 500 brands and companies.
The company's TotalSocial platform focuses on the entire social ecosystem by combining powerful on-line (social media) and off-line (word of mouth) data with predictive analytics. Engagement Labs has a proprietary 10-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing return on investment and top-line revenue for its diverse group of clients.
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