LONDON -- (MARKET WIRE) -- 10/16/07 --
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 WestBroadridge Financial SolutionsLondon
T: +44 (0)20 7551 3224
E: Email Contact