LONDON--(Marketwire - October 16, 2007) - In response to the recent changes
in the UK Companies Act with respect to enhanced rights for beneficial
shareholders in UK companies, Broadridge's (NYSE:
BR) Investor Communication Solutions division is launching a full
outsourcing service for brokers that will enable their customers to benefit from
those enhanced rights.
Under the service, Broadridge is offering a new, fully managed nominations
service that gives brokers' customers the ability to receive shareholder
materials directly from the companies in which they hold shares with a simple,
efficient one-time sign-up process. Customers can decide at the time of sign-up
if they want to receive materials electronically or via paper, and once a
customer account is signed-up for the service no further action is required of
the customer or the broker, regardless of trading and portfolio changes.
In addition to gaining access to shareholder materials, the service also
enables brokers to offer their customers electronic proxy voting for all their
portfolio companies. When a company announces a shareholder meeting,
nominee-held shareholder customers that have signed up for the voting service
will be emailed a secure link to a customer-specific online voting ballot, if
they hold the company in their portfolio. Broadridge then tabulates all the
votes from the brokers' customers and executes them in the market under the
nominee name.
"Broadridge strives to be a leader in product innovation and in meeting our
customers' needs. We have worked hard with the aim of ensuring that our
nominations service will be fully operational in time for the 2008 proxy season.
As a full member of CREST, Broadridge already executes a high percentage of all
votes cast through CREST today, giving assurance to brokers and their customers
that the service is highly secure and confidential," said Bruce A. Babcock,
President, Investor Communication Solutions, International, Broadridge Financial
Solutions, Inc.
About Broadridge
Broadridge Financial Solutions, Inc., formerly ADP Brokerage Services Group,
with over $2.0 billion in revenues and more than 40 years of experience, is a
leading global provider of technology-based outsourcing solutions to the
financial services industry. Our systems and services include investor
communication, securities processing, and clearing and outsourcing solutions.
Broadridge offers a broad, integrated suite of innovative global solutions
across the investment lifecycle and provides a wide range of cost-effective and
scalable solutions to the financial industry. Our systems help reduce the need
for customers to make significant capital investments in operations
infrastructure, thereby allowing them to increase their focus on core business
activities. For more information about Broadridge, please visit
www.broadridge.com.
Contact:
Media:
Mike West
Broadridge Financial Solutions
London
T: +44 (0)20 7551 3224
E: mike.west@broadridge.com
