4 November 2019 – acquisition

The company has announced that it has acquired US based Corporate Stock Transfer for an undisclosed sum.  The latter is a share registrar to companies with a market capitalisation of between $50m – $300m and has over 700 clients.  Based in Denver, Colorado, the acquisition will expand the group’s US business and will take it into the micro and small-cap client space which is a new growth area for the business.  We re-iterate our recommendation of BUY.