Maple Group, TMX Group Announce Completion Of Offer - Quick Facts

TMX Group Q1 13 Earnings Conference Call At 8:00 AM ET

TMX Group Q1 Profit From Operations Down - Quick Facts

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8/10/2012 7:37 PM ET

TMX Group Limited, formerly Maple Group Acquisition Corporation, and TMX Group Inc.(X.TO: Quote) or TMX Group announced the expiry of the deposit extension period in respect of Maple's offer to acquire up to 80% of the TMX Group shares for $50 per share in cash.

Maple said that approximately 95.4% of the outstanding TMX Group shares have been deposited under the Maple offer. In accordance with the terms of the offer, Maple has acquired 80% of the outstanding TMX Group shares, and the remaining TMX Group shares deposited under the Maple offer but not acquired by Maple will be returned to TMX Group shareholders.

All TMX Group shares that were not acquired by Maple under the offer will be exchanged for shares of Maple on a one-for-one basis pursuant to the subsequent arrangement, Maple said.

Today, Maple was renamed as TMX Group Limited.

Maple noted that about 87.2% of the outstanding TMX Group shares were deposited under the Full Deposit Election made available under the offer, and approximately 8.2% of the outstanding TMX Group shares were deposited under the Minimum Deposit Election.

Maple stated that the shareholders should expect to receive cash payment through the appropriate intermediaries during the week of August 13 , 2012.

Maple noted that it will use its best efforts to complete the subsequent arrangement within 35 days following expiry of the deposit extension period. Assuming the required shareholder and court approvals are obtained, the proposed closing date of the subsequent arrangement is September 14, 2012.

Maple added that it has received conditional approval to list its shares on Toronto Stock Exchange following completion of the subsequent arrangement.

On July 31, 2012, Maple announced that all of the conditions of its offer to acquire TMX Group were satisfied and took up all shares deposited under the offer at that time.