CDI to DI > the growing trend
In addition to being our 150th DI, Enova Systems is also a great example of the increasing demand from issuers requesting a conversion from an existing Crest Depositary Interest settlement mechanism to the Computershare Depositary Interest service.
Computershare managed the first conversion of a CDI to a DI in March 2006, and have since managed 90% of all other conversions. An agreed transfer process between CREST and Computershare ensures the integrity of the data is maintained, and holders of stock continue to trade and settle as normal during and after the transfer. Once transferred, the benefits of Computershare’s DI service include:
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Corporate governance best practice
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24/7 access to holder records
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Corporate event management
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The ability to access underlying beneficial owner details
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Dividend distribution
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Meeting management services
Pioneering conversion
Turbo Power Systems was the first issuer to transfer a CDI to a
Computershare UK DI allowing the company to connect with investors
without compromising settlement services.
To find out more click here.