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TMX Group And TMX Group Limited Announce Completion Of Subsequent Arrangement

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

TMX Group Inc. (X.TO, TMXGF.PK) and TMX Group Limited (formerly Maple Group Acquisition Corporation) announced the completion of their previously announced second step plan of arrangement transaction.

As per the Arrangement, TMX Group Limited acquired 14.94 million common shares of TMX Group Inc. representing all of the outstanding TMX Group Inc. shares (other than the 59.76 million TMX Group Inc. shares already held by TMX Group Limited) in exchange for common shares of TMX Group Limited, on a one-for-one basis.

As a result, TMX Group Limited now owns 100% of the TMX Group Inc. shares. This announcement comes following the approval of the Arrangement by TMX Group Inc.'s shareholders on September 12, 2012 and the issuance of a final order of the Ontario Superior Court of Justice on September 13, 2012 approving the Arrangement.

As per the terms of the Arrangement, former TMX Group Inc. shareholders will receive one TMX Group Limited common share in exchange for each TMX Group Inc. share held.

Toronto Stock Exchange or "TSX" has conditionally approved the listing of TMX Group Limited shares, which will commence trading on TSX under the current symbol for TMX Group Inc. shares, "X". TMX Group Limited expects that its listing will be effective as of the open of markets on September 19, 2012.

The company said that the TMX Group Inc. shares will be delisted from TSX pursuant to the Arrangement and TMX Group Inc. expects such delisting to be effective as of the close of business on September 18, 2012.

For comments and feedback contact: editorial@rttnews.com

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