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Computershare Sells Nth America Employee Options

Computershare Limited (CPU) today announces the sale of its employee options administration business in the US and Canada. Computershare has re-structured its approach to providing options administration services in the North American market. Computershare’s full service options administration business and the Transcentive self-administration software business will be transferred to Solium Capital and Computershare will take an approximate 20% shareholding in Solium Capital as proceeds from the sale. Computershare CEO, Mr Stuart Crosby commented. “Employee options administration continues to be a challenging space in North America and we felt partnering with a dedicated and capable provider such as Solium as the best way to move this business forward. Computershare has invested significant resources in the past and this transaction allows us to transition that expertise to Solium and share in the benefit that combining the businesses will bring by taking a strategic stake.”