|By Business Wire||
|June 13, 2014 12:33 PM EDT||
American Stock Transfer & Trust Company, LLC (AST), a leading provider of transfer agent and related financial services, announced today it has purchased the assets of Illinois Stock Transfer Company (IST), a transfer agent based in Wheaton, Illinois. This transaction will introduce approximately one hundred and thirty stock transfer clients to the AST platform.
“This is another important growth opportunity for our organization which allows us to expand our market penetration into the Midwest,” commented Mark C. Healy, CEO and President of AST. “We are pleased to gain this business and welcome the IST clients, some of whom already use AST for their proxy solicitation and corporate governance needs.”
The transition of IST accounts is in process and will be complete before the end of June.
AST and its affiliates in the Link Group network are leading providers of registry services and technology to financial market participants around the globe. AST and its affiliate, CST Trust Company (CST), form the North American division of the Link Group. Together AST and CST provide comprehensive stock transfer and employee plan services to more than 8,000 public issues and over 5.5 million shareholders. The division serves clients located throughout North America and in over 22 foreign countries, ranging in size from initial public offerings to Fortune 100 companies.