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COMPUTERSHARE LIMITED. — M&A Activity 2025
Mar 3, 2025
64696_rns_2025-03-03_be370b0c-98df-49b2-8f04-a26d4fe95803.pdf
M&A Activity
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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: | 4 March 2025 |
|---|---|
| To: | Australian Securities Exchange |
| Subject: | Completion of BNY Trust Company of Canada acquisition |
Computershare Limited (ASX:CPU) today announces the successful completion of the acquisition of BNY Trust Company of Canada from The Bank of New York Mellon Corporation ("BNY”) (NYSE:BK).
The purchase price paid at completion was US$63.4 million (subject to customary month end completion accounts and a post-closing true-up process). The consideration was funded with Computershare’s existing cash and debt capacity.
Based in Toronto, BNY Trust Company of Canada was established in 2001 and has a strong market reputation. The business provides a range of trust and agency services to Canadian issuers, corporations, banks and government entities. The business manages around 1,800 client mandates and has a long track record of recurring trust fees and margin income.
The acquisition enhances Computershare’s existing Corporate Trust business and enables Computershare to provide corporate trust and agency services across an extended client base.
Stuart Irving, CEO and President of Computershare said: “We are excited to welcome the employees and clients of BNY Trust Company of Canada into the Computershare group. The completion of the acquisition of BNY Trust Company of Canada further demonstrates our commitment to Corporate Trust services and our intent to continue to deploy capital to pursue strategic investments that strengthen and scale our core businesses.”
The completion of the acquisition is not expected to materially impact Computershare’s FY25 earnings for the remainder of the fiscal year.
For further information contact: Michael Brown Investor Relations Ph +61 (0) 400 24 8080 [email protected]
This announcement was authorised to be given to the ASX by the CEO.
For more information, visit www.computershare.com/corporate