Solium Capital Inc. Announces Termination of Payment Obligations to Computershare Limited - 3 April 2012

1 followers
0 Likes

 





Media Contacts:


Mike Broadfoot

CEO and Managing Director
Solium Capital Inc.

(403) 515-3910

(877) 380-7793
investorrelations@solium.com




Lynn Leong

EVP , Finance & Admin
Solium Capital Inc.

(403) 450-6015

(877) 380-7793
investorrelations@solium.com









FOR IMMEDIATE RELEASE
Solium Capital Inc. Announces Termination of Payment Obligations to Computershare Limited


Calgary, Alberta, April 3, 2012 – Solium Capital Inc. ("Solium" or the "Corporation") (TSX: SUM) announces
that it received notice today from Computershare Limited ("Computershare") that Computershare has decided to
retain the stock options and restricted stock administration business that it acquired on December 31, 2011 from a
third party. These assets were acquired by Computershare as part of a larger acquisition of such third party's
Shareowner Services business.


The Asset Purchase Agreement dated November 7, 2010 between Solium and Computershare in which Solium
acquired the assets that Computershare then held relating to the Employee Equity Options Administration business
in North America (the Business) provides that Computershare must not re-enter the Business, or alternatively if
Computershare does so, certain payment obligations owed by Solium to Computershare under a transition services
agreement would no longer be owing and cease to be a liability of Solium. Under the transition services agreement,
Solium was required to pay Computershare U.S.$22 million over a five year period. Due to Computershare electing
to re-enter the Business on a direct basis, Solium no longer owes to Computershare an aggregate amount of
approximately U.S.$17.28 million, which equates to $0.41 per share (on a basic basis).


About Solium Capital Inc.


Solium Capital Inc. (TSX: SUM) is a SaaS (Software as-a-Service) company that specializes in technology and
services for the administration and execution of equity-based incentive and savings programs for corporations and
their employees. Solium's technology platforms, Shareworks, StockVantage and Transcentive, are leading online
solutions that integrate the management of multiple equity plan types including stock options, share units, share
appreciation rights, restricted stock awards, and employee share purchase plans on one comprehensive platform for a
client.


Certain statements included or incorporated by reference in this press release constitute forward-looking
statements or forward-looking information under applicable securities legislation. Forward-looking statements or
information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend",
"estimate", "propose", or similar words suggesting future outcomes or statements regarding an outlook. The
forward-looking statements or information in this press release include expectations regarding future cash and
working capital; and the timing and the completion of various events. Such forward-looking statements or
information are based on a number of assumptions which may prove to be incorrect. Assumptions have been
made regarding, among other things, compliance by Computershare with the terms of the Asset Purchase
Agreement dated November 7, 2010 between Solium and Computershare. Although the Corporation believes that
the expectations reflected in such forward-looking statements or information are reasonable, undue reliance
should not be placed on forward-looking statements or information because the Corporation can give no
assurance that such expectations will prove to be correct. The forward-looking statements and information are
based on Solium’s current expectations, estimates and projections, and are subject to a number of significant
risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly,
readers are advised not to place undue reliance on forward-looking statements or information.






1906963v4




0 Replies
Reply
Subgroup Membership is required to post Replies
Join ECE - Equity Compensation Experts now
Dan Walter
over 12 years ago
0
Replies
0
Likes
1
Followers
512
Views
Liked By:
Suggested Posts
TopicRepliesLikesViewsParticipantsLast Reply
Conference on Financial Planning for Stock Compensation
Bruce Brumberg
over 5 years ago
00422
Bruce Brumberg
over 5 years ago
Level 2 CEP Exam Prep Course Live Study webinars this week!
Achaessa James CEP
over 8 years ago
00704
Achaessa James CEP
over 8 years ago
NCEO CEP Prep Course - Live Study Webinars start on Monday!
Achaessa James CEP
over 8 years ago
00511
Achaessa James CEP
over 8 years ago