|By Marketwired .||
|December 17, 2013 09:22 AM EST|
TORONTO, ONTARIO -- (Marketwired) -- 12/17/13 -- Diversinet Corp. ("Diversinet"), by Duff & Phelps Canada Restructuring Inc. (the "Liquidator"), in its capacity as the Court appointed Liquidator of Diversinet, today announced the delisting of the common shares of Diversinet (the "Common Shares") from trading on the OTCQB. The delisting will be effective prior to the opening of markets on December 17, 2013. As previously announced, in accordance with the Court approved plan of liquidation and distribution (the "Liquidation Plan"), an application was made to delist the Common Shares following the claims bar date of December 16, 2013 and completion of the Claims Process (as defined in the Liquidation Plan) administered by the Liquidator.
The Liquidator has also applied to CDS Clearing and Depository Services Inc. ("CDS") and Depository Trust & Clearing Corporation ("DTCC") requesting that they place a restriction on the Common Shares so that no transfers among participants may occur. On December 16, 2013, CDS published a bulletin announcing that the Common Shares would be fully restricted in CDS as of opening of business on December 17, 2013. DTCC is expected to provide a similar notice once transfers made up to and including December 16, 2013 have been settled.
As a result of the above, the Common Shares are no longer listed or posted for trading on any stock exchange or marketplace. Further, in accordance with the Liquidation Plan, all transfers of Common Shares made on or after the completion of the Claims Process will be void unless made with the explicit sanction of the Liquidator.
Duff & Phelps Canada Restructuring Inc.