CALGARY, Sept. 18, 2014 /CNW/ - Solium Capital Inc. (TSX: SUM) the leading provider of cloud-enabled services for global equity-based incentive plans administration, financial reporting and compliance, today announced that the Company's shares will be added to the S&P/TSX Capped Information Technology Index. The inclusion of Solium's shares will be effective after the close of trading on Friday, September 19, 2014.
"Our addition to the S&P/TSX Capped Information Technology Index highlights our strong performance as a publically-traded Canadian technology company," said Mike Broadfoot, CEO and Managing Director of Solium. "We believe this will increase our visibility among potential investors and, in turn, facilitate enhanced liquidity of our stock."
Solium will join eight other companies that will be added to the index, bringing the number of constituents to 17. The S&P/TSX Capped Sector Indices provide liquid and tradeable benchmarks for related derivative products of Canadian economic sectors. Constituents are selected from a stock pool of S&P/TSX Composite Index stocks, and the relative weight of any single index constituent is capped at 25%. The indices are based upon the Global Industry Classification Standards (GICS®).
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity administration, financial reporting and compliance. From offices in the United States, Canada, the United Kingdom, Spain, France 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 100 countries. Follow us @Solium and visit us at solium.com.
SOURCE: Solium Capital Inc.
For further information: Investor relations, Conrad Seguin, TMX | Equicom, 416.815.0700 x 251, firstname.lastname@example.org