Cardtronics stockholders approve plan to redomicile in the U.K.
Aligns with company's substantial U.K. presence and supports its global growth strategy
HOUSTON, TX (June 29, 2016) — Cardtronics, Inc. (Nasdaq:CATM) (“Cardtronics” or the “Company”), the world’s largest ATM owner/operator, announced that at a special meeting held today, stockholders approved the Company’s plan of redomicile to change its parent company’s location of incorporation from Delaware to the United Kingdom. Approximately 90 percent of Cardtronics stockholders voted at the meeting, with more than 99 percent voting in favor of the plan of redomicile, previously announced on April 27, 2016.
Steve Rathgaber, Cardtronics’ CEO, said, “We are pleased that Cardtronics stockholders have overwhelmingly voted in favor of our plan to redomicile in the United Kingdom. We plan to complete the steps necessary to effect the redomicile early in the third quarter.”
“Cardtronics carefully evaluated both potential outcomes of the Brexit vote in advance of announcing our plan to redomicile earlier this year. We believe our redomicile will better align Cardtronics’ corporate structure with our current and future business activities, including our substantial business presence in the U.K., where approximately 60 percent of our global workforce is based, and with the fastest-growing segments of Cardtronics today, which are in the U.K. and continental Europe,” Rathgaber added.
About Cardtronics
Cardtronics is the trusted leader in financial self-service, enabling cash transactions at approximately 229,000 ATMs across 10 countries in North America, Europe, Asia-Pacific, and Africa. Leveraging our unmatched scale, expertise and innovation, top-tier merchants and businesses of all sizes use our ATM solutions to drive growth, in-store traffic, and retail transactions. Financial services providers rely on Cardtronics to deliver superior service at their own ATMs, on Cardtronics ATMs where they place their brand, and through Cardtronics' Allpoint Network, the world’s largest surcharge-free ATM network, with over 55,000 locations. As champions of cash, Cardtronics converts digital currency into physical cash, driving payments choice for businesses and consumers alike.
