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
"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. Follow us
@Solium and visit us at solium.com.
SOURCE: Solium Capital Inc.
For further information:
Aaron Kabucis, CFA
TMX | Equicom
416.815.0700 x 230