Company officials address AMF Public Hearings
MONTREAL, Nov. 24, 2011 /CNW/ - TMX Group Inc. and Maple Group
Acquisition Corporation (Maple Group) today appeared at the public
hearings on the subject of their proposed transaction, convened by the
Autorité des marchés financiers (AMF), which began today in Montréal.
The joint presentation included remarks on behalf of Maple Group by: Luc
Bertrand, Vice-Chairman, National Bank Financial and Marie Giguère,
Executive Vice President, Legal Affairs and Secretariat, Caisse de
dépôt et placement du Québec. Appearing on behalf of TMX Group were Tom
Kloet, Chief Executive Officer, TMX Group and Alain Miquelon, President
and Chief Executive Officer, Montréal Exchange.
Mr. Bertrand said:
"It is our belief that an integrated exchange and clearing group across
the full spectrum of equity and derivative products offers significant
efficiencies, creates the right conditions to drive increased economic
activity and international investment in Canada and contributes to the
ongoing stability of Canada's financial system.
"What we have proposed, with the support of TMX Group, is a plan that
makes sense - a plan that serves all market participants and Canada's
capital markets overall. And, we believe, a plan that has tremendous
potential value to Montreal and Quebec's financial community."
Mr. Kloet, CEO, TMX Group added:
"Through this agreement, TMX Group's ability to execute a business plan
focused on growth is improved and accelerated, and our company's global
position is strengthened even further. We believe that this proposal
allows us to move forward in a way that benefits our stakeholders
across Canada and here in Quebec.
"Through carefully crafted governance provisions, strong undertakings to
regulators, and an independent Board, we believe we have a structure
that will accelerate growth while protecting the value, service and
benefits that we offer today."
The full presentation may be viewed at www.tmx.com/maple.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montréal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy,
Equicom and other TMX Group companies provide listing markets, trading
markets, clearing facilities, data products and other services to the
global financial community. TMX Group is headquartered in Toronto and
operates offices across Canada (Montréal, Calgary and Vancouver), in
key U.S. markets (Houston, Boston and Chicago) as well as in London and
Beijing. For more information about TMX Group, visit our website at www.tmx.com.
About Maple Group Acquisition Corporation
Maple Group Acquisition Corporation is a corporation whose investors
comprise 13 of Canada's leading financial institutions and pension
funds. The investors in Maple are: Alberta Investment Management
Corporation, Caisse de dépôt et placement du Québec, Canada Pension
Plan Investment Board, CIBC World Markets Inc., Desjardins Financial
Group, Dundee Capital Markets Inc., Fonds de solidarité des
travailleurs du Québec (F.T.Q.), GMP Capital Inc., National Bank
Financial Inc., Ontario Teachers' Pension Plan, Scotia Capital Inc., TD
Securities Inc. and The Manufacturers Life Insurance Company. For more
information on Maple Group, visit www.abetterexchange.com.
SOURCE TMX GROUP INC.
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