– Transaction Expected to Close on May 2, 2016 –
BOSTON--(BUSINESS WIRE)--
Iron
Mountain Incorporated (NYSE: 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:
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FOR
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AGAINST
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ABSTAIN
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Total Number of Shares
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247,974,204
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249,955
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49,932
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% of Shares Voted
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99.9%
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0.1%
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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 (NYSE: 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/
Source: Iron Mountain