-First and only fully automated end-to-end solution to efficiently manage broad based 10b5-1 plans -
CALGARY, Oct. 25, 2016 /PRNewswire/ - 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.