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COMPUTERSHARE LIMITED. — Capital/Financing Update 2017
Nov 13, 2017
64696_rns_2017-11-13_c37aa884-30e8-4223-b524-e261b7e75665.pdf
Capital/Financing Update
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Computershare Limited
MARKET ANNOUNCEMENT
ABN 71 005 485 825 Yarra Falls, 452 Johnston Street Abbotsford Victoria 3067 Australia PO Box 103 Abbotsford Victoria 3067 Australia Telephone 61 3 9415 5000 Facsimile 61 3 9473 2500 www.computershare.com
| Date: | 14 November 2017 | |
|---|---|---|
| To: | Australian Securities Exchange | |
| Subject: | Trading Update: Guidance Upgrade |
Computershare announces that it now expects Management EPS for FY18 to increase by around 10% on FY17, in constant currency terms.
In August Computershare advised that it expected Management EPS for FY18 to increase by around 7.5% on FY17 in constant currency terms.
Trading performance for the first four months of FY18 has been encouraging with stronger contributions than originally anticipated in Corporate Actions and our growing Mortgage Services business.
Our updated guidance includes the following important assumptions:
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That equity markets remain at current levels, interest rate markets remain in line with current market expectations and that there is a modest improvement in Corporate Actions revenue compared to FY17.
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The outlook also assumes no impact from potential US tax law changes
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Consistent with FY17 guidance approach, this guidance assumes that FY17 average exchange rates are used to translate the FY18 earnings to USD
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For comparative purposes, the base FY17 Management EPS is 54.41 cents
The guidance update is also provided subject to the important notice regarding forward looking statements that is set out in the Computershare AGM presentation released to the ASX at the same time as this update.
ENDS
For further information contact:
Mr Michael Brown Investor Relations Mobile: 0400 248 080 Email: [email protected]
About Computershare Limited (CPU)
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, mortgage servicing, proxy solicitation and stakeholder communications. We also specialise in corporate trust, bankruptcy, class action and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world’s leading organisations use us to streamline and maximise the value of relationships with their investors, employees, creditors and customers.
Computershare is represented in all major financial markets and has over 16,000 employees worldwide.
For more information, visit www.computershare.com