BRAMPTON, ON, Sept. 18, 2020 /CNW/ - DATA
Communications Management Corp. ("DCM" or the
"Company")(TSX: DCM), a leading provider of marketing and
business communications solutions to companies across
North America,
announced today that Chris
Lund, Chief Innovation Officer of the Company, has purchased
additional common shares of DCM ("Common Shares"), which,
assuming the exercise of all convertible securities to acquire
Common Shares held by Mr. Lund and his spouse, would result in Mr.
Lund and his spouse holding more than 10% of the issued and
outstanding Common Shares.
The following information is being provided on behalf of Mr.
Lundin accordance with National Instrument 62-103 – The Early
Warning System and Related Take-Over Bid and Insider Reporting
Issues.
Mr. Lund is a participant in the Company's employee share
ownership plan ("ESOP"), pursuant to which Mr. Lund has
elected to make regular, voluntary, bi-monthly payroll
contributions based upon a certain percentage of his base salary,
which funds are used to purchase Common Shares on the Toronto Stock
Exchange. On September 17,
2020, Mr. Lund acquired beneficial ownership of, or control
over, a total of 7,994 Common Shares (the "Acquired Shares")
at a price of $0.2606 per Common
Share and an aggregate purchase price of $2,083.33. The Acquired Shares were acquired by
Mr. Lund under the ESOP.
Immediately prior to the acquisition of the Acquired Shares, Mr.
Lund and his joint actors had beneficial ownership of, or control
over, 4,087,317 Common Shares, and warrants to acquire up to
215,450 Common Shares at an exercise price of $0.185 per share (the "Warrants"),
representing 9.99% of the outstanding Common Shares (in each case
prior to giving effect to the Acquired Shares). After giving
effect to the acquisition of the Acquired Shares, and assuming the
exercise in whole of the Warrants, Mr. Lund and his joint actors
have beneficial ownership of, or control over, 4,310,761 Common
Shares, representing 10.01% of the issued and outstanding Common
Shares.
Mr. Lund purchased the Acquired Shares for investment
purposes. Other than the possible exercise of the Warrants,
Mr. Lund and his joint actors do not have any present plans or
intentions to acquire or dispose of Common Shares, other than
through the acquisition of additional Common Shares through his
continued participation in the ESOP.
Mr. Lund and his joint actors may, however, increase or decrease
their beneficial ownership of, or control over, the Common Shares,
directly or indirectly, in the future in the open market, in
privately-negotiated purchases or otherwise, depending on, among
other things, the Company's business and prospects, market and
general economic conditions and other available investment
opportunities. Mr. Lund currently expects to continue to purchase
Common Shares pursuant to his participation in the ESOP, however he
may increase, decrease, or cease such participation at a future
date, depending on similar factors.
A copy of the report required to be filed by Mr. Lund pursuant
to the early warning requirements of applicable securities laws,
once filed on SEDAR, may be obtained from the Chief Financial
Officer of the Company at the telephone number set out below.
About DCM
DCM is a communication solutions partner that adds value for
major companies across North
America by creating more meaningful connections with
their customers. DCM pairs customer insights and thought leadership
with cutting edge products, modular enabling technology and
services to power its clients' go to market strategies. DCM helps
its clients manage how their brands come to life, determine
which channels are right for them, manage multimedia
campaigns, deploy location specific and 1:1 marketing, execute
custom loyalty programs, and fulfill their commercial printing
needs all in one place.
DCM's extensive experience has positioned it as an expert at
providing communication solutions across many
verticals, including the financial, retail, healthcare,
consumer health, energy, and not for profit sectors. As a result of
its locations throughout Canada and in the
United States (Chicago,
Illinois and New York, New
York), it is able to meet its clients' varying needs
with scale, speed, and efficiency – no matter how large or complex
the ask. DCM is able to deliver advanced data security,
regulatory compliance, and bilingual communications, both in print
and/or digital formats.
Additional information relating to DATA Communications
Management Corp. is available on www.datacm.com, and in
the disclosure documents filed by DATA Communications
Management Corp. on the System for Electronic Document
Analysis and Retrieval (SEDAR) at www.sedar.com.
Forward-Looking Statements
Certain statements in this press release constitute "forward
looking" statements that involve known and unknown
risks, uncertainties and other factors which may cause the
actual results, performance, objectives or achievements of DCM or
industry results, to be materially different from any future
results, performance, objectives or achievements expressed
or implied by such forward looking statements. When used in
this press release, words such as "may", "would", "could",
"will", "expect", "anticipate", "estimate", "believe",
"intend", "plan", and other similar expressions are intended to
identify forward looking statements. These statements reflect
DCM's current views regarding future events and operating
performance, are based on information currently available to
DCM, and speak only as of the date of this press release. These
forward looking statements involve a number of risks,
uncertainties and assumptions and should not be read as guarantees
that future performance or results will be achieved. Many
factors could cause the actual results, performance, objectives
or achievements of DCM to be materially different from any
future results, performance, objectives or achievements that
may be expressed or implied by such forward looking
statements, including the factors discussed elsewhere in this
press release and under the headings "Liquidity and capital
resources" and "Risks and Uncertainties" in DCM's management's
discussion and analysis and other publicly available
disclosure documents, as filed by DCM on SEDAR
(www.sedar.com).
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward
looking statements prove incorrect, actual results may vary
materially from those described in this press release as
intended, planned, anticipated, believed, estimated or expected.
Unless required by applicable securities law, DCM does not
intend and does not assume any obligation to update these forward
looking statements.
SOURCE DATA Communications Management Corp.