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ENGAGEMENT LABS ANNOUNCES FINAL APPROVAL OF PLAN OF ARRANGEMENT WITH DGTL HOLDINGS -- MERGER ANTICIPATED TO CLOSE ON FEBRUARY 25, 2022
ENGAGEMENT LABS ANNOUNCES FINAL APPROVAL OF PLAN OF ARRANGEMENT WITH DGTL HOLDINGS -- MER...
About this update from Dgtl Holdings, Inc.
[{"type":"text","content":"\n \n \n \n ENGAGEMENT LABS ANNOUNCES FINAL APPROVAL OF PLAN OF ARRANGEMENT WITH DGTL HOLDINGS -- MERGER ANTICIPATED TO CLOSE ON FEBRUARY 25, 2022\n \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 \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 17, 2022\n \n /CNW/ -- Engagement Labs Inc. (\"Engagement Labs\") and DGTL Holdings Inc. (\"DGTL Holdings\") announced today that at the Annual General and Special Meeting of Shareholders of Engagement Labs held\n \n Monday, February 14, 2022\n \n , over 98% of the votes cast on the proposed Plan of Arrangement (the \"Arrangement\") between Engagement Labs and DGTL Holdings voted in favour of the Arrangement. The Ontario Superior Court of Justice (Commercial List) issued a Final Order on\n \n February 16, 2022\n \n allowing the Arrangement to proceed. Engagement Labs and DGTL Holdings are in the process of filing final documentation with the TSX Venture Exchange (\"TSX-V\") in order to give effect to the merger for trading purposes. Upon confirmation from the TSX-V that the additional common shares of DGTL (\"DGTL Holdings Shares\") issuable to Engagement Labs Shareholders may be issued, the outstanding common shares of Engagement Labs (\"Engagement Labs Shares\") will be exchanged for DGTL Holdings Shares on the basis of one DGTL Holdings 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\n \n February 25, 2022\n \n . Shareholders of Engagement Labs will be required to file a Letter of Transmittal with Computershare Investor Services Inc. in order to receive the DGTL Holdings Shares to which they are entitled. Registered shareholders received the Letter of Transmittal by mail. Shareholders that hold their Engagement Labs Shares through an intermediary (i.e., broker) should contact their broker for to confirm that the DGTL Holdings Shares issued in exchange for their Engagement Labs Shares have been deposited into their brokerage accou...