TPI meeting is done....News from Canada NewsWire
Terra Payments Announces Shareholder Approval Received for
Various Transactions
14:40 EST Friday, December 05, 2003
MONTREAL, Dec. 5 /CNW Telbec/ - Terra Payments Inc. (TSX:
TPI) ("the Company"), a leading international payments
company, reports that at a special meeting held today its
shareholders voted overwhelmingly in favour of:
- The Merger Adjustment Agreement with ebs Holding AG and
ebs Electronic
Billing Systems AG as announced on August 7, 2003.
- The issuance of equity securities in one or more private
placements
during a twelve month period, commencing from the date of the
meeting,
with the resulting number of securities not to exceed 45 per
cent of
the total number of outstanding shares of the Company as at
October
31, 2003.
- An amendment to the Company's share option plan to
increase the number
of common shares reserved under the plan.
- The granting of stock options to specific insiders and
non-insiders,
following implementation of the Company's Option Re-pricing
Programs.
The Merger Adjustment transaction was completed subsequent
to receiving approval from the Company's minority shareholders
(i.e. excluding EBS Holdings AG).
About Terra Payments Inc.
Terra Payments Inc. (TSX: TPI), formerly SureFire Commerce
Inc., is an international leader in the payment processing
industry. The Corporation provides technology and services that
businesses require to accept credit card, electronic cheque and
direct debit payments. Terra Payments processes credit card
payments for Internet businesses including licensed online
gaming, mail-order/telephone-order and retail point of sale
merchants, as well as processing cheques and direct debits
online and by phone. Headquartered in Montreal (Quebec), Terra
Payments has operations in Canada, the United States and the
United Kingdom.