Computershare's UK voucher business to be wound down

The UK has appointed Government agencies to run its new Tax-Free childcare scheme from the second half of the 2015 calendar year. The decision means that Computershare will wind down its UK voucher services business over a two year period beginning in the 2016 financial year.

The decision won't affect 2015 results, but it will see 2–3% disappear from the company's EBITDA over the following two years. The bulk of the US$130m goodwill associated with the business is also likely to be written off.

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