Data Deposit Box Delisted From Stock Market

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.

A provider of cloud backup and recovery technology, and HostPapa, Inc., a web technology company specializing in web hosting and cloud services for small businesses, have announced that the amalgamation transaction 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 amalgamation was approved by the DDB shareholders via special resolution at its annual general and special shareholders meeting (AGM) held last month on March 13.

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 ULC, the depositary in respect of the amalgamation. 

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Data Deposit Box Acquired by HostPapa
Confirmation
April 8, 2020 | Press Release