CALGARY, Dec. 5, 2013 /CNW/ - Solium Capital Inc. ("Solium" or the
"Company") (TSX: SUM), the leading global provider of
software-as-a-service for equity administration, financial reporting
and compliance, today announced that it will acquire GlobalSharePlans,
a leading online provider of regulatory and tax advice for companies
with global equity incentive plans.
GlobalSharePlans provides regulatory and tax advice through online
databases, automated alerts and a network of experts spanning more than
150 countries, helping companies to put in place international equity
incentive plans across multiple tax jurisdictions and ensure compliance
with local laws and regulations. GlobalSharePlans provides a strong
functional complement to Solium's Shareworks™ platform, further
enhancing Solium's industry leading global taxation and compliance
services that help reduce the cost of ownership of administering global
Consideration for the acquisition will include cash and the issuance of
approximately 200,000 common shares in the capital of Solium. The
actual number of shares to be issued will be determined at closing
using the volume weighted average price of the common shares for the
five days of trading on the TSX preceding closing.
The transaction is expected to close January 2, 2014. The completion of
the transaction is subject to approval by the TSX for the issuance of
About Solium Capital Inc.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for
global equity-based incentive plans administration, financial reporting
and compliance. From 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 corporate clients with employee
participants in more than 150 countries. Follow us @Solium and visit us at www.solium.com.
Forward Looking Information
Certain information included herein is forward-looking, within the
meaning of applicable Canadian securities laws. Forward-looking
information in this news release includes the anticipated closing date
of the acquisition, the number of shares issuable as consideration for
the acquisition and the successful integration of GlobalSharePlans in
the Shareworks platform. Solium believes the expectations reflected in
such forward-looking information are reasonable, but no assurance can
be given that these expectations will prove to be correct and such
information should not be unduly relied upon.
Forward-looking information is not a guarantee of future performance.
By its very nature, forward-looking information involves inherent
assumptions, risks and uncertainties, both general and specific, and
risks that predictions, forecasts, projections and other
forward-looking information will not be achieved. These risks include,
but are not limited to, risks associated with the ability to satisfy
regulatory and commercial closing conditions of the acquisition,
fluctuations in share prices, the uncertainty associated with
successful integration of third party technology and the risks related
to the operating and financial results of Solium's businesses,
including those identified in Solium's 2013 Annual Information Form
under the heading "Risk Factors". Should one or more of these risks and
uncertainties materialize, or should assumptions described above prove
incorrect, Solium's actual performance and results may differ
materially from any projections of future performance or results
expressed or implied by such forward-looking information. We caution
readers not to place undue reliance on this information.
Forward-looking information is made as of the date hereof and, except as
required by law, Solium does not undertake any obligation to publicly
update or revise such information to reflect new information,
subsequent or otherwise.
SOURCE: Solium Capital Inc.
For further information:
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230