DGT Holdings Corp. Announces Completion of Reverse Stock Split

NEW YORK, Oct. 29, 2015

Warren G. Lichtenstein, Chairman of the Board of Steel Partners Holdings L.P. (NYSE:SPLP), stated, "We are pleased to provide liquidity to DGT minority shareholders while also furthering our goal to simplify the SPLP structure."

Shareholders owning fewer than 100,000 shares of common stock (the "Cashed Out Shareholders") will not receive fractional shares as a result of the reverse stock split.  In lieu thereof, the Cashed Out Shareholders have had such shares cancelled and converted into the right to receive $18.30 for each share of common stock held prior to the reverse stock split. 

The Company has retained its transfer agent, Continental Stock Transfer & Trust Company, to act as exchange agent for the reverse stock split.  Shareholders of record as of October 29, 2015 will receive a letter of transmittal providing instructions for the surrender of their pre-reverse split share certificates. Shareholders owning shares via a broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split and will not be required to take any action in connection with the reverse stock split unless contacted by such broker or other nominee. 

DGT Holdings Corp.
Terry Gibson
Chief Executive Officer
Chief Financial Officer
(408) 399-6490 

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SOURCE DGT Holdings Corp.