NORCROSS, Ga. and SYDNEY, Dec. 10, 2013 /PRNewswire/ -- Recall Holdings Limited (ASX: REC), a global leader in information management solutions, has today traded for the first time on the Australian Securities Exchange, after Brambles Limited received shareholder and Federal Court approval for Recall's demerger last week.
Recall Chairman Dr. Ian Blackburne said, "On behalf of the Board, I am very pleased to welcome our new shareholders to Recall. The Board of Recall and its senior management team are determined to realize the benefits for shareholders as we focus on delivering sustainable and profitable growth in our future as an independent company. I look forward to meeting with shareholders in the near future."
Further commenting on the listing, Dr. Blackburne added, "The debut of Recall on the ASX is the culmination of a significant effort from all at Recall and Brambles, and I would like to take the opportunity to thank them for their support."
"This is a very exciting day for Recall," said Doug Pertz, President and CEO of Recall. "Recall is a global leader in information management solutions, servicing many large multinational companies. It is a strong business, with high-quality customers and recurring revenue streams across a diverse geographic base. Recall has excellent growth prospects in both developed and emerging markets, with strong cash flows from which to fund growth, innovation and dividends to shareholders."
The completion of the demerger and date of transfer of Recall shares to eligible Brambles shareholders is scheduled for December 18, 2013. Recall Holdings Limited shares commenced trading on a deferred settlement basis today, under the ASX ticker code "REC," with normal trading expected to commence on December 23, 2013.
For information about investing in Recall, please visit recall.com.
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Recall is a global leader in information management solutions, offering customers complete management of its physical and digital information assets with one partner. Recall's innovative solutions empower organizations to make better business decisions throughout the information lifecycle, while keeping regulatory compliance and eliminating unnecessary resources, time and costs. Recall services more than 80,000 customer accounts in more than 300 dedicated operation centers, spanning five continents in over 20 countries. For more information, please visit recall.com.