Link Market Services Limited (Link) today announced that it has taken a majority holding in South Africa’s second largest share registry Ultra Registrars (Pty) Limited (Ultra) – which will immediately be renamed Link Market Services South Africa – manages the share registers of 75 listed South African entities including eight (8) Johannesburg Stock Exchange (JSE) All Share Index (ALSI) 40 companies.
“Like Link, Ultra has successfully achieved significant growth from a modest threshold based on the consistent delivery of premium services,” commented John McMurtrie, Managing Director of Link. “We are delighted to be participating in a business whose approach to service and commitment to local issuers parallels our own.”
Australian issuers have enjoyed genuine provider choice since 2002 when Link introduced its proprietary technology to the market. With Link’s entry into the South African market, local issuers there can look forward to the same.
According to Iqbal Haniff, Managing Director of Ultra Registrars, the acquisition is a great opportunity for Ultra: “Link’s growth story is impressive and mirrors our own growth ambitions.
Not only will Ultra benefit from the support Link will provide, but our current and future clients can look forward to premium services underpinned by market-leading technology.”
Since its acquisition by Pacific Equity Partners (PEP) in August 2005, Link has actively pursued its Australasian growth strategy and continued to successfully attract new, high profile clients. This move offshore is Link’s first footprint outside Australasia and reflects its global ambitions.
Last week, Link announced its move into the Western Australian share registry market with local partner Patersons Securities Limited.
Note to Editors
Link Market Services Limited (Link)
Link – formerly known as ASX Perpetual Limited – is a leading provider of services and technology to financial market participants in Australasia.
Link seamlessly delivers a range of services to clients across Australia and New Zealand from its offices in Sydney, Melbourne, Brisbane, Perth, Auckland, Ashburton and now Johannesburg. With around 330 full time staff, we have some 8 million holder records under management and maintain the registers of approximately 400 listed entities.services industry including the administration of Empowerment Scheme Registers and Employee Share Schemes. Ultra's capabilities extend to the administration of small and large scale IPOs (including privatisations).
Link is a member of the Pacific Equity Partners (PEP) portfolio family.
Ultra Registrars (Pty) Limited (Ultra)
Ultra manages the share registers of 75 listed South African entities including eight (8) Johannesburg Stock Exchange (JSE) All Share Index (ALSI) 40 companies.
Ultra provides a comprehensive range of services to stakeholders in the South African financial
The JSE/Actuaries All Share 40 Top Companies Index (ALSI 40 Index) is an equity index intended to reflect the performance of the South African ordinary share market as a whole.
Companies selected for inclusion in the ALSI 40 Index are generally larger companies of sound financial standing having widely traded and marketable shares.
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