S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Index Changes involving Osisko Mining Corporation
TORONTO, June 9, 2014 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Osisko Mining Corp. (TSX:OSK) have agreed to the terms of a Plan of Arrangement with Yamana Gold Inc. (TSX:YRI) and Agnico Eagle Mines Limited (TSX:AEM). Osisko shareholders will receive, for each share held, the following consideration:
- $CDN2.09 in cash
- 0.07264 shares of Agnico Eagle Mines
- 0.26471 shares of Yamana Gold
- One-tenth share of Osisko Gold Royalties Ltd.
Osisko Gold Corp. will change its name to Osisko Gold Royalties Ltd. (TSX:OR) and it will remain in all the indices where it is currently a constituent. At the close before the effective date, the close price of Osisko Gold will be reduced by the sum of the following 3 amounts:
- $2.09 (Canadian)
- 0.07264 times the close price of Agnico Eagle Mines
- 0.26471 times the close price of Yamana Gold
The newly-issued shares of Yamana Gold and Agnico Eagle Mines will be added to all indices where either of those two companies is currently a constituent. Note there will be no weight change for either Yamana Gold or Agnico Eagle Mines in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Equal Weight Global Gold, the S&P/TSX Composite High Beta or the S&P/TSX 60 130/30 Index. These index changes will be effective after the close of trading on Friday, June 13, 2014.
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SOURCE S&P Dow Jones IndicesFor further information:
Director, Canadian Index Operations
S&P Dow Jones Indices
(+) 416 507 3204
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907