AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

COMPUTERSHARE LIMITED. Capital/Financing Update 2005

Oct 13, 2005

64696_rns_2005-10-13_5ace53a4-2c03-45bf-be5e-168f8275122f.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

(ACN: 057 345 785)

ASX Announcement

14 October 2005

POWERLAN AGREES TO SALE OF FINANCIALBPO PTY LTD TO COMPUTERSHARE

Powerlan Limited (ASX: PWR) announced today it had reached agreement with Computershare Limited (ASX: CPU) for the sale of Powerlan's subsidiary FinancialBPO Ptv Ltd.

This is further to the announcement made 4 August which indicated that Powerlan had entered into an exclusive due diligence period with Computershare which would lead to the divestment of FinancialBPO.

Computershare will pay \$9.5 million cash on settlement and issue 1 million Computershare options with an exercise price of \$6.15 with a five year exercise period. Subject to satisfaction of conditions precedent typical of transactions of this type, completion is expected by 31 October 2005

About Powerlan

Sydney-based, Powerlan Limited (ASX: PWR) provides specialist information technology products and services, business process outsourcing and infrastructure support through seven operating divisions:

ia Business Innovations, Powerlan's R&D division, provides leading edge general IT consulting and custom application development services.
Clarity (www.clarity.com) offers carrier-grade Operational Support Systems and Network أتبخش Management Systems software solutions for telcos and enterprises.
$\mathcal{L}$ ConverterTechnology (www.convertertechnology.com) offers specialist services and innovative technologies to help clients migrate files across incompatible desktop applications, particularly Microsoft Office.
FinancialBPO (www.financialbpo.com) provides back office business process outsourcing y×. for the financial services sector.
$\mathscr{L}$ Garradin (www.garradin.com) offers integrated software solutions aimed at investment managers and administration platforms.
$\mathscr{A}$ /MX (www.imxsoftware.com) offers software solutions focused on travel money and foreign exchange.
$\mathscr{B}$ BizTech Outsource (www.biztechoutsource.com) provides business technology related managed services such as IT infrastructure management, IT security, application hosting, and communications.