-First and only fully automated end-to-end
solution to efficiently manage broad based 10b5-1 plans -
CALGARY, Oct. 25, 2016 /CNW/ - Solium Capital Inc.
("Solium") (TSX: SUM), the leading global provider of
software-as-a-service for equity administration, financial
reporting and compliance, today announced that it has launched
Shareworks™ Trading Schedules ("Trading Schedules") a fully
automated tool aimed at helping plan administrators of U.S. listed
companies consolidate and manage 10b5-1 plans across the company's
entire employee base in one comprehensive view. Solium launched
this new functionality at the 24th Annual National
Association of Stock Plan Professionals (NASPP) Conference.
Shareworks™ Trading Schedules is designed to streamline plan
management while ensuring strong compliance with SEC equity trading
regulations, as plan administrators can manage the entire process
online from the time of grant through to Edgar filings. By
automating trading schedules, it serves to reduce the financial
burden caused by corporate blackout periods and eliminates
participant out of pocket cash payments for taxes owing on
disposition of equity. Plan participants will be able to access
their trading schedules in real-time, giving them greater control
and increased visibility around their equity plans.
"Solium is the first-to-market with an automated broad based
10b5-1 platform that ties into the corporate issuer's
administration portal and serves all of its employees," said
Jim Wulforst, President of Solium
USA. "Our key differentiator is
that we address the full life cycle of employee awards. Trading
Schedules is a powerful enhancement to Shareworks™ and strengthens
our competitive position in the market."
The Trading Schedules tool enables administrators to streamline
the plan implementation process by providing them with all
necessary participant data points on one integrated platform. This
ease of implementation allows plan administrators to rapidly and
cost-effectively scale equity programs across their organization's
entire employee base.
About Solium Capital Inc.
Solium Capital Inc.
(TSX: SUM) provides cloud-enabled services for global equity
administration, financial reporting and compliance. From
offices in the United States, Canada, the United
Kingdom, Europe and Australia, our innovative
software-as-a-service (SaaS) technology powers share plan
administration and equity transactions for more than 3,000
corporate clients with employee participants in more than 100
countries. Follow us @Solium and visit us at solium.com.
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.
Specific forward-looking statements in this press release include
statements with respect to continued investment in Shareworks, and
the growth of international operations and international markets.
Such forward-looking statements or information are based on a
number of assumptions which may prove to be incorrect, including
assumptions with respect to the ability of the Company to identify,
hire, train, motivate and retain qualified personnel, the Company's
ability to maintain or accurately forecast revenue from its
products and services, and the competitive environment in which the
Company operates. Although Solium 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 Solium 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,
including general business and economic conditions, actions of
competitors and partners, the regulatory environment and product
capability and acceptance. Accordingly, readers are advised not to
place undue reliance on forward-looking statements or
information.
SOURCE Solium Capital Inc.