Posera Announces Annual and Special Meeting Results

TORONTO, June 29, 2017 /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 2017 annual and special meeting of shareholders (the "Meeting") held in Toronto, Ontario on June 28, 2017.  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 12th, 2017 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

30,677,377

3,576,459

89.6

10.4

Paul Fornazzari

 

For

Withheld

30,208,510

4,045,326

88.2

11.8

Loudon Owen

 

For

Withheld

30,667,377

3,576,459

89.6

10.4

Michael Brown

 

For

Withheld

34,107,436

146,400

99.6

0.4

David Del Chiaro

 

For

Withheld

34,232,436

21,400

99.9

0.1

Gary Figueira

For

Withheld

30,677,377

3,576,459

89.6

10.4

Tom McCole

For

Withheld

34,117,436

136,400

99.6

0.4

 

In addition, at the Meeting, shareholders reappointed PricewaterhouseCoopers LLP, as auditors of the Company and approved the change of the Company registered office to 1106 Dearness Drive, Unit #4 London, Ontario N6E 1N9.

The Company also has posted the presentation from the annual and special meeting of shareholders on its Company website www.posera.com in the Investor Relations section.

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

Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with consumers and facilitates all aspects of the payment transaction.

Posera's full service solutions include SecureTablePay, which is an EMV compliant Pay-At-The-Table ("PATT") application. Posera's Maitre'DTM and FingerPrintsTM restaurant management systems offer a robust and comprehensive solution including hardware integration services, merchant staff training, system installation services, post-sale software and hardware customer support. Posera's solutions are deployed globally including across the full spectrum of restaurants, from large chains and independent table service restaurants to international quick service chains and its products have been translated into eight languages.

Posera Ltd.'s shares are traded on the Toronto Stock Exchange under the symbol "PAY".

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 31st 2017 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: Kevin Mills, Chief Financial Officer, 1.519.434.8017, kmills@posera.com, www.posera.com


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