TORONTO, ONTARIO--(Marketwired - Oct. 7, 2013) - Computershare Limited (ASX:CPU) has agreed terms for the acquisition of the Olympia Corporate and Shareholder Services assets ('OCSS') from Olympia Financial Group Inc. (TSX:OLY). The purchase includes transfer agency, corporate trust and employee plans services across Canada, and is expected to complete in December 2013.
"We're very pleased to be extending our core businesses across Canada and look forward to welcoming OCSS clients to Computershare"; said Wayne Newling, CEO of Computershare Canada. "We're passionate about delivering excellent services to companies and their shareholders and customers, and are confident that our long-term commitment to the transfer agency, employee share plans and corporate trust markets will benefit all stakeholders in this transaction."
OCSS has around 650 issuer clients of which 339 are publicly listed companies. Randy Gregory, Executive Vice President of Olympia Trust Company said: "The Olympia Team is very enthusiastic about the knowledgeable team of global experienced professionals and the expanded services that Computershare brings to our current arsenal of services and products. Olympia has always prided itself on the quality of service that it offers its clients and associates and looks forward to raising it up another notch."
Stuart Crosby, Chief Executive Officer of Computershare said: "We are excited about this opportunity to extend our services in the Canadian market. Given our expertise in integrating businesses like this, OCSS's clients can be sure that they will experience a seamless transition and continuing high levels of service going forward."
OCSS clients will benefit from Computershare's wealth of integration expertise and experience. The integration team will include existing senior staff from Computershare and OCSS in Canada, augmented by specialist Computershare staff drawn from around the globe.
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 14,000 employees worldwide.
For more information, visit www.computershare.com