The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

DirectCash Payments Inc. Announces Shareholder Meeting Results

Thursday, May 23, 2013

DirectCash Payments Inc. Announces Shareholder Meeting Results

18:11 EDT Thursday, May 23, 2013

CALGARY, ALBERTA--(Marketwired - May 23, 2013) - DirectCash Payments Inc. ("DCPayments") (TSX:DCI) announces that at the following were the outcomes of the votes held at DCPayments' most recent shareholder meeting held on May 23, 2013:

ELECTION OF DIRECTORS

The resolution to set the number of directors to be elected at 6 was passed on a show of hands vote.

Each of the directors listed as nominees in the management proxy circular dated April 15, 2013 were elected directors of the Corporation.

Nominee Outcome Votes For (a) Votes Withheld (a)
Gary H. Dundas Approved/Elected 94.85 % 5.15 %
R. Bradley Hurtubise Approved/Elected 94.63 % 5.37 %
Barry G. Sechos Approved/Elected 99.97 % 0.03 %
Jeffrey J. Smith Approved/Elected 99.98 % 0.02 %
Leroy E. Thiessen Approved/Elected 99.83 % 0.17 %
Kevin W. Wolfe Approved/Elected 94.86 % 5.14 %
(a) Because the vote for each director was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the meeting.There were no hands raised during the show of hands votes indicating a shareholder or proxyholder present in person for the meeting was withholding votes in respect of any director.There were no additional nominees (beyond the slate proposed in the management Proxy Statement and Information Circular) for directors nominated at the meeting.

APPOINTMENT OF AUDITORS

The following resolution to appoint KPMG LLP, Chartered Accountants, as the external auditor of the Corporation was approved by the shareholders of the Corporation. On motion made, seconded and unanimously carried it was:

RESOLVED THAT KPMG LLP, be appointed as auditor of the Corporation until the next annual meeting of shareholders appointing auditors or until a successor is appointed, and that the directors be and they are hereby authorized to fix the remuneration of the auditors.

Outcome Votes For (b) Votes Withheld (b)
Approved/Appointed 99.78 % 0.22 %
(b) Because the vote for auditor appointment was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the meeting.There were no hands raised during the show of hands votes indicating a shareholder or proxyholder present in person for the meeting was withholding votes in respect of the proposed auditor.

OTHER BUSINESS

There were no other matters coming before the Meeting that required a vote by shareholders of the Corporation.

DCPayments is a ATM and debit machine distributor and transaction processor and a prepaid card distributor and transaction processor whose Common Shares are listed for trading on the Toronto Stock Exchange under the symbol DCI.

The officer(s) responsible for issuance of this press release and who may be contacted for further information is:

Brenda G. Hughes, Chief Financial Officer
DIRECTCASH PAYMENTS INC.
Bay #6, 1420 - 28th Street N.E.
Calgary, Alberta
T2A 7W6
Telephone: (403) 387-2103
Fax: (403) 451-3003
Email: bhughes@directcash.net

FOR FURTHER INFORMATION PLEASE CONTACT:

NEITHER TORONTO STOCK EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information:
DirectCash Payments Inc.
Brenda G. Hughes
Chief Financial Officer
(403) 387-2103
(403) 451-3003 (FAX)
bhughes@directcash.net

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections