Solium comments on Computershare divestiture of shares
CALGARY, March 14, 2013 /CNW/ – Solium Capital Inc. (“Solium” or the “Company”) (TSX: SUM), the leading global provider of cloud-enabled software and services for equity administration, financial reporting and compliance, commented today on the recent action taken by Computershare Inc. (“Computershare”) to sell its common shares of Solium, representing 19.6% of the outstanding common shares of the Company.
“Solium will always be grateful for the investor support it received from Computershare at an important inflection point in the Company’s lifecycle, when Solium bought Computershare’s North American grant-based plan assets in 2010,” said Mike Broadfoot, Chief Executive Officer and Managing Director of Solium. “A number of Solium’s current shareholders have expressed satisfaction that this transaction should, theoretically, provide the opportunity for more trading liquidity in the Company’s stock.”
Solium has been advised that the transaction was initiated and facilitated by PI Financial, GMP Securities L.P., and M Partners Inc. and that the common shares of Solium that were sold by Computershare were dispersed among a number of institutional investors, whom Solium welcomes into its shareholder community.
“Solium looks forward to continuing our strategic journey as the leading provider of global compliance and administrative solutions to both public and private companies across North America, the United Kingdom, the European Union and Australia,” said Broadfoot.
Computershare was issued common shares of Solium as part of the consideration paid to Computershare for Solium’s acquisition of its North American employee stock option and Transcentive businesses, as announced in August 2010. The Investor Agreement dated November 7, 2010 that had been entered into by Solium and a subsidiary of Computershare has terminated, in accordance with its terms.
About Solium Solium (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From our operation centers in the United States, Canada, the United Kingdom and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 clients with employee participants in more than 150 countries.