Iron Mountain Incorporated IRM, the storage and information management services company, today announced that shareholders of Recall Holdings Limited ("Recall") overwhelmingly approved the proposed acquisition of Recall by Iron Mountain pursuant to an Australian scheme of arrangement as contemplated in the Scheme Implementation Deed ("the Transaction"). Subject to approval by the Federal Court of Australia, the Transaction is expected to close (referred to as "implementation of the scheme" under Australian law) on May 2, 2016, Sydney time, as anticipated.
Recall announced the results of the special meeting of shareholders, or Scheme Meeting, to approve the Transaction. In summary, 99.9% of the votes cast were in favor of the Transaction, and 93.0% of shareholders present at the meeting (in person or by proxy) voted in favor of the Transaction. The final voting results submitted by shareholders can be found below:
FOR | AGAINST | ABSTAIN | ||||||||||||||||||||||||||||
Total Number of Shares |
247,974,204 |
249,955 |
49,932 |
|||||||||||||||||||||||||||
% of Shares Voted |
99.9% |
0.1% |
||||||||||||||||||||||||||||
The second hearing of the Australian court to approve the Transaction is scheduled for April 21, 2016 at 9:15am AEST.
About Iron Mountain
Iron Mountain Incorporated IRM is a leading provider of storage and information management services. The company's real estate network of more than 69 million square feet across more than 1,100 facilities in 37 countries allows it to serve customers around the world. And its solutions for records management, data management, document management, and secure shredding help organizations to lower storage costs, comply with regulations, recover from disaster, and better use their information. Founded in 1951, Iron Mountain stores and protects billions of information assets, including business documents, backup tapes, electronic files and medical data. Visit www.ironmountain.com for more information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160419005605/en/
Iron Mountain:
US Media:
Abernathy MacGregor Group
Chuck
Burgess / Ian Campbell
212-371-5999 / 213-630-6550
clb@abmac.com
/ idc@abmac.com
or
IRM
Investors:
Melissa Marsden, 617-535-8595
SVP
melissa.marsden@ironmountain.com
or
Australian
Media:
Cato Counsel
Sue Cato, +61(0) 419282319
cato@catocounsel.com.au
or
IRM
Media:
Christian T. Potts, 617-535-8721
Senior Manager,
Corporate Communications
christian.potts@ironmountain.com
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