Slide 1: Market Announcement
MARKET ANNOUNCEMENT MARKET ANNOUNCEMENT For personal use only Date: 28 April 2011 To: Australian Securities Exchange Subject: Bank of New York Mellon Shareowner Services Business acquisition presentation Attached is a presentation providing an overview of the acquisition of Bank of New York Mellon’s
Slide 2: Acquisition of BNY Mellon's Shareowner Services business
For personal use only Computershare Limited Acquisition of BNY Mellon’s Shareowner Services business Stuart Crosby President & Chief Executive Officer 28 April 2011
Slide 3: Transaction Overview
Transaction Overview For personal use only › CPU has agreed to acquire BNY Mellon’s US Shareowner Services business in a transaction that values the business at USD 550 million. › Consideration is all cash and will be funded from existing cash resources and new credit lines. Two of Computershare’s l
Slide 4: BNYM Business profile
BNYM Business profile For personal use only › A major provider of stock transfer services in the US with about 950 active Transfer Agent clients. › Vibrant employee equity administration business with about 200 employee stock purchase scheme clients. › Back office for BNY Mellon’s ADR Transfer Agent
Slide 5: Transaction impact
Transaction impact For personal use only › The transaction is expected to be Management EPS accretive from the first year following completion. › Creates substantial value for Computershare shareholders through large, straightforward synergies, principally in the following areas: › Technology ration
Slide 6: Integration plan
Integration plan For personal use only › Computershare has access to and will call on a wide range of people with significant migration and integration experience. › The integration team will include management and staff from both organisations and will be complemented by management and staff from C
Slide 7: Funding approach
Funding approach For personal use only › Cash transaction, funded from current cash resources and new credit lines. › Bridge funding commitment in place (two of CPU’s long term banking partners acting jointly). › Multi-strand strategy for longer term solution developed. › Longer term solution likely