Press release from Marketwire
DirectCash Payments Inc. Announces Shareholder Meeting Results
Thursday, May 23, 2013
DirectCash Payments Inc. Announces Shareholder Meeting Results18:11 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)|
|(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.|
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.|
|Telephone: (403) 387-2103|
|Fax: (403) 451-3003|
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) 451-3003 (FAX)