LONDON, October 26 /PRNewswire/ -- Computershare Limited (ASX:CPU) has today agreed terms for the acquisition of HBOS Employee Equity Solutions (HBOS EES) from Lloyds Banking Group with an expected completion date in December 2009, subject to regulatory approval. HBOS EES is a leading UK based employee share plans provider.
HBOS EES provides a full range of employee share plan administration solutions in more than 100 countries for over 400 clients, covering around 1 million employee shareholders. The acquisition will result in Computershare becoming the market leader in employee plans administration in the UK market.
Stuart Crosby, Computershare's President and CEO said: "The opportunity to acquire this business and integrate it with our existing plans business is an exciting one. Our ability to successfully integrate businesses using our proprietary software systems has been proven in the past and we are confident that our new clients will experience enhanced service."
The integration of HBOS EES with Computershare's business will be managed by Martyn Drake, Managing Director of the UK Employee Share Plan business, who commented: "Having been closely involved with the share plans industry for over eight years, I am delighted to have the opportunity to deliver Computershare's world leading technology solutions to the clients of HBOS EES, building a combined business of unrivalled quality."
Martyn will lead an integration team that will include existing senior staff from Computershare UK and HBOS EES, augmented by specialist Computershare staff drawn from around the globe.
About Computershare Limited (CPU)
Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world's leading organisations use these core competencies to help maximise the value of relationships with their investors, employees, creditors, members and customers.
Computershare is represented in all major financial markets and has over 10,000 employees worldwide.
For more information, visit http://www.computershare.com
About Computershare Plan Managers
- Computershare is a global leader in employee equity plan administration and the only truly global provider of employee plan services with over 800 clients globally - In the UK, Computershare manages over 400,000 employee share plan records, including those of 12 of the largest 20 FTSE companies - Our recent UK awards include: Global Equity Organisation (GEO) Awards 2009 - Best use of technology - Logica PLC - Best plan effectiveness - Royal Dutch Shell PLC 2008 - Best use of technology - Royal Dutch Shell PLC 2007 - Best communications - BHP Billiton ifsProShare Awards 2008 - Best use of technology and best new share plan - BHP Billiton
Computershare
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