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DATA Group Ltd. Changes its Name to DATA Communications Management Corp., Implements Share Consolidation and Adopts New Stock Symbol of "DCM"
DATA Group Ltd. Changes its Name to DATA Communications Management Corp., Implements Share...
About this update from Data Communications Management Corp.
[{"type":"text","content":"\n\n\n\nDATA Group Ltd. Changes its Name to DATA Communications Management Corp., Implements Share Consolidation and Adopts New Stock Symbol of \"DCM\"\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDATA Group Ltd. Changes its Name to DATA Communications Management Corp., Implements Share Consolidation and Adopts New Stock Symbol of \"DCM\"\nCanada NewsWire\nBRAMPTON, ON, July 4, 2016\n\n\n\nBRAMPTON, ON, July 4, 2016 /CNW/ - DATA Group Ltd. (TSX: DGI) (\"DATA\" or the \"Corporation\") announced today that it has changed its name to \"DATA Communications Management Corp.\" (the \"Name Change\") and consolidated its issued and outstanding common shares (\"Common Shares) on the basis of one post-consolidation Common Share for each 100 pre-consolidation Common Shares (the \"Share Consolidation\") and that its Common Shares will commence trading under the new stock symbol of \"DCM\".  The Name Change and Share Consolidation were each approved at the annual and special meeting of the Corporation's shareholders held on June 30, 2016.\n\nName Change\n\nThe Name Change is an integral part of DATA's corporate re-branding announced in March of this year.\n\n\"Since we re-branded back in March of this year, we've had an overwhelmingly positive response to our new visual identity and value story from our customers and shareholders.  This formal name change is the next logical step to align our legal company name to our new brand identity,\" said Jeff Gladwish, Vice President, Marketing & Corporate Development.\n\nShare Consolidation\n\nAfter giving effect to the Share Consolidation, the 1,197,504,525 Common Shares outstanding (which includes the Common Shares issued pursuant to the private placement described below) were consolidated into approximately 11,975,053 Common Shares outstanding.  No fractional Common Shares were issued, and any fractional share entitlements resulting from the Share Consolidation were rounded up to the nearest whole number of Common Shares.\n\nDATA believes the Share Consolidation will provide the Corporation with a share capital s...