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COMPUTERSHARE LIMITED. — Capital/Financing Update 2021
Nov 1, 2021
64696_rns_2021-11-01_ebe79593-1f00-415d-a3a1-fe23899ce575.pdf
Capital/Financing Update
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MARKET ANNOUNCEMENT
Computershare Limited 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: | 2 November 2021 |
|---|---|
| To: | Australian Securities Exchange |
| Subject: | Computershare completes acquisition of Wells FargoCorporate Trust Services |
Computershare Limited (ASX: CPU) is pleased to announce that it has completed the acquisition (the “Acquisition”), of the assets of Wells Fargo Corporate Trust Services, a leading US based provider of trust and agency services to government and corporate clients which was initially announced to shareholders on 24 March 2021.The business, which will now be known as Computershare Corporate Trust (“CCT”), will operate as a standalone business within Computershare.
Computershare’s CEO Stuart Irving said, “Today is an exciting day for Computershare as we announce the completion of the acquisition of CCT. The acquisition accelerates Computershare’s position in the attractive US corporate trust market to a top 4 position. CCT builds on our leverage to positive, long term structural growth trends in trust and securitisation products and increases in interest rates.
During this completion phase of the Acquisition, CCT has continued to perform and we remain confident in our investment strategy and the anticipated returns for shareholders.
Our immediate focus is now ensuring a successful transition and integration of CCT, bringing the business’ market expertise and deep client relationships to Computershare whilst we look to leverage our core competencies to deliver technology innovation, new product development and improved financial returns.
We welcome CCT’s proven and experienced team to Computershare and we look forward to working with them as we deliver on the next phase of our growth strategy.”
For further information on the Acquisition, please refer to Computershare’s announcement and presentation dated 24 March 2021.
For further information, contact:
Michael Brown Investor Relations Ph +61 (0) 400 248 080 [email protected]
This announcement was authorised to be given to the ASX by the CEO.
For more information, visit www.computershare.com