Wednesday 13th April 2005
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Pacific Corporate Trust Company is a regional supplier of share registry services, primarily in British Columbia, Canada. Privately-owned, it has developed a strong regional, full service share registry business complemented by an advanced, web-based client interface.
Primarily serving small cap companies, Pacific Corporate Trust Company provides services to clients listed on the Toronto Stock Exchange, the TSX Venture Exchange, AMEX and NASDAQ. It is the largest regional share registrar in Canada and the 3rd largest overall, with more than 600 clients - approximately 15% of public equity issuers.
With a total shareholder base that is close to 600,000 shareholders, Pacific Trust Company reported revenues of CAN$4.8 million (approximately A$5.1million) in CY 2004.
Computershare's ceo, Chris Morris says, "This acquisition adds considerable strength to our business on the west coast and consolidates our position as the leading supplier of issuer and shareholder solutions in Canada."
Completion of the transaction is subject to regulatory approval. The founders of Pacific Corporate Trust Company - John Halse and E. Stephanie V. Halse - will be engaged as consultants to supply services related to the transition of the business and client relationships. The transaction has been approved by the Board of Computershare Trust Company of Canada and by the major shareholders of Pacific Corporate Trust Company.
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