Posera Announces Annual and Special Meeting Results

TORONTO, June 30th, 2016 /CNW/ - (TSX : PAY) ("Posera" or the "Company"), a leading provider of software solutions for the hospitality industry, is pleased to announce the results of the Company's 2015 annual and special meeting of shareholders (the "Meeting") held in Toronto, Ontario on June 29, 2016.  Posera is listed on the TSX under the symbol "PAY". 

At the Meeting, all director nominees listed in the Company's management information circular dated May 20th, 2016 were elected as directors of the Company. The detailed results of the vote by ballot are as follows:

Director

Vote Type

Number of Votes

Percentage of
Votes (%)

Edwin Nordholm

 

For

Withheld

26,228,139

508,500

98.1

1.9

Paul Fornazzari

 

For

Withheld

26,228,139

508,500

98.1

1.9

Loudon Owen

 

For

Withheld

26,223,139

513,500

98.1

1.9

Michael Brown

 

For

Withheld

26,228,139

508,500

98.1

1.9

David Del Chiaro

 

For

Withheld

26,228,139

508,5002

98.1

1.9

Gary Figueira

For

Withheld

26,228,139

508,500

98.1

1.9

 

In addition, at the Meeting, shareholders reappointed PricewaterhouseCoopers LLP, as auditors of the Company, approved By-Law No. 2, which sets out advance notice requirements for director nominations, approved the proposed amendment to the 2011 stock incentive option plan and approved the continuation of Stock Option Plan of the Corporation.

The formal report of voting results with respect to all matters voted upon at the Meeting was filed on SEDAR at www.sedar.com.

About POSERA

For more than 30 years, POSERA has been supporting merchant business success in the hospitality industry. POSERA is in the business of managing merchant transactions with consumers and facilitating all aspects of the payment transaction. Posera's Maitre 'DTM and FingerPrintsTM Point-of-Sale solutions are trusted by the top fine dining and quick-service hospitality brands around the world.

A TSX company trading under the symbol "PAY", POSERA's full service solutions include integrated and non-integrated debit and credit processing, EMV compliant Pay-At-The-Table ("PATT") applications, system hardware integration services, merchant staff training, system installation services, and post-sale software and hardware customer support.

Posera's POS system software solutions, associated enterprise management tools have been deployed in 25 countries and 8 different languages at over 30,000 merchant locations worldwide. POSERA's direct sales force is bolstered by a global dealership network of approximately 80 resellers which translates to approximately 500 representatives selling, supporting and installing its software and related products and services. Posera prides itself on its long and established track record of exceptional customer service and continued technological innovation. Posera's success will continue to be driven by the Company's unwavering objective to ensuring the business success of its growing base of merchant clients.

More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.

Forward-Looking Statements 

This discussion includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to the Company or its management.  The forward-looking statements are not historical facts, but reflect Posera's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the Annual Information Form to be filed on March 30th,2016 with the regulatory authorities. Posera assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless required by law. 

SOURCE Posera Ltd.

For further information: For more information: Kevin Mills, Chief Financial Officer, 1.519.434.8017, kmills@posera.com, www.posera.com; Investor Relations Contact: Caleb Jefferies, 1.604.684.6730


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