MultiEmedia Accepts Computershare Option
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Global technology firm Coumputershare has the option to acquire 10 per cent of Web and workflow solutions provider MultiEmedia, after shareholders gave the deal a green light.
Under terms of the agreement, Computershare can exercise the option at AUS$0.50 (US$0.30) per share at any time within 12 months, which if fully exercised would amount to over 37 million individual shares.
According to a company statement, the deal offers MultiEmedia the opportunity to capitalise on the potential of the Internet and e-commerce applications through Computershare's technology and Web development resources.
The two companies have already formed a relationship in which they act as preferred global partners for possible development in financial markets outside Australia.