SOURCE: Computershare

Computershare

March 03, 2015 18:38 ET

Computershare Canada to Acquire Valiant Trust Company Assets

TORONTO, ON--(Marketwired - March 03, 2015) - Computershare Limited (ASX: CPU) announced today the signing of a definitive agreement to acquire Valiant Trust Company assets ("Valiant") from Canadian Western Bank (TSX: CWB). The purchase includes the stock transfer, corporate trust and employee plans services business of Valiant across Canada, and is expected to close early May 2015.  

Based in Calgary, Valiant provides services to approximately 450 issuer clients across Canada including a large number of private issuers.  

"With this acquisition, our third in two years, Computershare continues to solidify its presence in Western Canada and it marks an important step in our commitment to grow our relationship with Canadian public and private issuers," said Stuart Swartz, CEO of Computershare Canada. "We're very pleased to be extending our core businesses across Canada and look forward to welcoming Valiant clients and employees to Computershare. Our ability to add value to this business given the alignment with our core competencies provides tremendous opportunities for all Valiant clients and their stakeholders in this transaction."  

"Computershare's reputation and position as a leader in their field gave us confidence that we could facilitate a smooth transition for both the employees and clients of Valiant," said Chris Fowler, CWB's president and chief executive officer. "We expect Valiant staff will continue to serve the needs of clients and their stakeholders in the same responsive way they always have, but with a more comprehensive suite of services and capabilities that will be offered under Computershare's ownership."  

About Computershare Limited (CPU)  
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust, mortgage, bankruptcy, class action, utility and tax voucher administration, and a range of other diversified financial and governance services.  

Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world's leading organizations use us to streamline and maximize the value of relationships with their investors, employees, creditors and customers.

Computershare is represented in all major financial markets and has over 15,000 employees worldwide.

For more information, visit www.computershare.com.

About Canadian Western Bank
Canadian Western Bank (TSX: CWB) offers a full range of business and personal banking services across the four western provinces and is the largest publicly traded Canadian bank headquartered in Western Canada. The Bank, along with its operating affiliates, National Leasing Group, Canadian Western Trust, Valiant Trust, Canadian Direct Insurance, Canadian Western Financial, Adroit Investment Management, and McLean & Partners Wealth Management, collectively offer a diversified range of financial services across Canada and are together known as the CWB Group. The common shares of Canadian Western Bank are listed on the Toronto Stock Exchange under the trading symbol "CWB". CWB's Series 5 Preferred Shares trade on the Toronto Stock Exchange under the trading symbol "CWB.PR.B". Refer to www.cwb.com for additional information.

This document contains privileged and confidential information intended only for the use of the named addressee. Any unauthorised use of the contents of this document is expressly prohibited. If you have received this document in error please notify Computershare Limited by telephone (reverse charges) immediately and then shred this document. Thank you for your cooperation.

Contact Information

  • For media inquiries, please contact:

    Lucie Brouillette
    Director, Corporate Communications and Marketing
    Computershare Canada
    Tel: (416) 263-9552
    Email: lucie.brouillette@computershare.com

    Kirby Hill, CFA
    Vice President, Strategy & Communications
    Canadian Western Bank
    Phone: (780) 441-3770
    Email: kirby.hill@cwbank.com 

    Computershare 
    100 University Avenue 11th Floor 
    Toronto, Ontario 
    Telephone 416 263 9200
    Facsimile 416 981 9800
    www.computershare.com