DataDot Investments Pty Ltd agreed to acquire DataDotDNA Theft Deterrent System business unit from DataDot Technology Limited (ASX:DDT) for AUD 3.35 million on March 29, 2019. The consideration is subject to working capital adjustment and AUD 3.1 million will be paid in cash and AUD 0.25 million is deferred contingent. The transaction is subject to approval from the shareholders of DataDot Technology Limited. Shareholders approval is also required to change the name of DataDot Technology Limited to DataTraceID Limited. The Board of Directors of DataDot Technology Limited unanimously recommends the shareholders to vote in favor of the transaction to approve it. The general meeting of shareholders will be held in early May 2019. As on April 4, 2019, the general meeting of shareholders will be held on 13 May 2019. A break-fee of AUD 0.1 million is payable by DataDot Technology Limited to DataDot Investments Pty Ltd, and DataDot Technology Limited will be obliged to return to DataDot Investments Pty Ltd the deposit of AUD 0.1 million, if the transaction does not proceed. A break fee is not payable if shareholders vote against the transaction and there is no competing proposal. DataDot Investments Pty Ltd will acquire the DataDotDNA Theft Deterrent System business unit with all of its employees and DataDot Technology Limited will continue to supply DataTrace DNA to DataDot Investments Pty Ltd for at least two years after completion. The transaction is expected to be completed in late May 2019.