Cardtronics Stockholders Approve U.K. Redomicile Plan
ATM company cites ‘Brexit’ among factors for HQ move
HOUSTON -- Stockholders of Cardtronics Inc., the world’s largest ATM owner and operator, have approved the company’s plan of redomicile to change its parent company’s location of incorporation from Delaware to the United Kingdom. Approximately 90% of Cardtronics stockholders voted at a special meeting, with more than 99% voting in favor of the plan of redomicile, previously announced on April 27.
“We are pleased that Cardtronics stockholders have overwhelmingly voted in favor of our plan to redomicile in the United Kingdom,” said Steve Rathgaber, Cardtronics' CEO. “We plan to complete the steps necessary to effect the redomicile early in the third quarter.”
He continued, “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% of our global workforce is based, and with the fastest-growing segments of Cardtronics today, which are in the U.K. and continental Europe.”
Houston-based Cardtronics owns and provides services to approximately 195,000 ATMs at convenience stores and other retailers in North America and Europe.