News

DirectCash shareholders approve sale to Cardtronics

December 5, 2016

DirectCash Payments Inc. shareholders have approved a special resolution for a proposed transaction whereby Cardtronics Holdings Ltd., through 1999162 Alberta ULC, an indirect, wholly-owned subsidiary of Cardtronics, will acquire all issued and outstanding common shares of DirectCash for cash consideration of $19.00 per common share.

Approximately 99.8 percent of shareholders represented in person or by proxy at a special meeting voted in favor of the Arrangement Resolution, according to a DirectCash press statement.

DirectCash is scheduled to seek a final order from the Court of Queen's Bench of Alberta on Dec. 7 approving the arrangement and expects to finalize the deal in January.