Wednesday, December 11, 2013

Solium Capital Inc. - SUM.t

Solium Capital Inc. - SUM.t provides cloud-enabled services for global equity administration, financial reporting and compliance. Through innovative software-as-a-service technology, we power efficient and accurate plan administration and equity transactions for our clients. With a strong history of revenue growth and profitable operations, we are focused on driving shareholder value over the long term.

On December 5, 2013 the company reported News

Solium Capital Inc. (“Solium” or the “Company”) (TSX: SUM), the leading global provider of software-as-a-service for equity administration, financial reporting and compliance, today announced that it will acquire GlobalSharePlans, a leading online provider of regulatory and tax advice for companies with global equity incentive plans.

GlobalSharePlans provides regulatory and tax advice through online databases, automated alerts and a network of experts spanning more than 150 countries, helping companies to put in place international equity incentive plans across multiple tax jurisdictions and ensure compliance with local laws and regulations. GlobalSharePlans provides a strong functional complement to Solium’s Shareworks™ platform, further enhancing Solium’s industry leading global taxation and compliance services that help reduce the cost of ownership of administering global share plans.

Consideration for the acquisition will include cash and the issuance of approximately 200,000 common shares in the capital of Solium. The actual number of shares to be issued will be determined at closing using the volume weighted average price of the common shares for the five days of trading on the TSX preceding closing.

The transaction is expected to close January 2, 2014. The completion of the transaction is subject to approval by the TSX for the issuance of the shares.