Wednesday, May 5, 2010

SEC approves licence of Computershare

The Securities and Exchange Commission (SEC) has approved the licence of Computershare Pan Africa Ghana Limited to enable it conduct shareholder registry business in the country.

Computershare becomes Ghana’s fourth shareholder registrar, offering companies currently listed on the Ghana Stock Exchange (GSE), unlisted companies trading over-the-counter, and companies considering listing on the Exchange a greater degree of choice in registry services.

Kojo Adomakoh, Country Director of Computershare Pan Africa Ghana Limited, at a ceremony in Accra to mark their entry into the Ghanaian capital market, said: “Computershare is delighted to finally be operational in the country as part of its broader pan-African strategy. We believe in the future growth of Ghana, and look forward to participating in the development of its markets over time.

“Computershare is no stranger to Ghana having been engaged by SEC last year on a World Bank project to support the establishment of an over-the-counter market for unlisted securities in the country. We have been privileged to have been able to enter the market through such a transaction,” he revealed.

Mr. Adomakoh explained that the company will introduce two value-added solutions for companies listed on the GSE and their shareholders, with the first solution being Issuer Online and the Investor Centre as the second - both aimed at adding value to the operations on the capital markets.


Stan Lorge, CEO of Computershare South Africa, said that the award of a registry licence in Ghana was a key development in Computershare’s strategy on the continent.

The Computershare Group expected African capital markets to show growth well above those of mature northern hemisphere markets, and West Africa was expected to play a leading role in this growth.

“Over the last 12 years, Computershare has made more than 70 company acquisitions which have enabled it to become a single-source solution provider to the 30,000 corporate clients and 100 million shareholders it looks after worldwide,” he remarked.

Computershare Pan Africa Ghana Limited is part of Computershare Pan Africa Holdings, which is engaged in the roll-out of global registry company Computershare’s services across Africa.

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