TORONTO, Sept. 12, 2012 /CNW/ - TMX Group Inc. today announced that its
shareholders passed a special resolution to approve a plan of
arrangement under the Business Corporations Act (Ontario) involving, among other things, the acquisition by TMX Group
Limited (formerly Maple Group Acquisition Corporation) of all of the
outstanding common shares of TMX Group Inc. (other than common shares
held by TMX Group Limited) in exchange for common shares of TMX Group
Limited on a one-for-one basis (the "Arrangement"). The special
resolution was approved by 99.99% of the votes cast by holders of
common shares of TMX Group Inc. at TMX Group Inc.'s special meeting of
shareholders held on September 12, 2012 in Toronto.
The application to the Ontario Superior Court to obtain the final order
approving the Arrangement is scheduled for September 13, 2012. The
transaction with TMX Group Limited is expected to close on September
14, 2012 following the receipt of all necessary court approvals and the
satisfaction of other customary conditions.
Caution Regarding Forward-Looking Information
This press release contains "forward looking information" (as defined in
applicable Canadian securities legislation) that is based on
expectations, estimates and projections as of the date of this press
release. Examples of forward-looking information can be identified by
the use of forward-looking words such as "plans", "expects", and
"expected". Forward looking information, by its nature, requires us to
make assumptions and is subject to significant risks and uncertainties
which may give rise to the possibility that our expectations or
conclusions will not prove to be accurate and that our assumptions may
not be correct. These factors, many of which are beyond our control,
include: market competition; business and economic conditions
generally; the level of trading and activity on our markets, and in
particular trading in our key products. Additional information about
these and other factors are located in reports filed with Canadian
We have no intention to update this forward-looking information, except
as required by applicable securities law. This forward-looking
information should not be relied upon as representing our views as of
any date subsequent to the date of this press release.
About TMX Group Limited (formerly Maple Group Acquisition Corporation)
On August 10, 2012, Maple Group Acquisition Corporation completed its
acquisition of 80% of the TMX Group Inc. shares pursuant to the Maple
offer and was renamed TMX Group Limited.
TMX Group Limited completed the acquisitions of each of The Canadian
Depository for Securities Limited ("CDS") and of Alpha Trading Systems
Inc. and Alpha Trading Systems Limited Partnership (collectively,
"Alpha") on August 1, 2012. As a result of these acquisitions, CDS and
Alpha have become wholly-owned subsidiaries of TMX Group Limited.
TMX Group Limited has received conditional approval to list its shares
on Toronto Stock Exchange following completion of the arrangement.
Listing of the TMX Group Limited shares on Toronto Stock Exchange is
subject to the satisfaction of the applicable conditions on or before
October 2, 2012.
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, Alpha
Exchange, The Canadian Depository for Securities, Montreal Exchange,
Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston
Options Exchange, Shorcan, Shorcan Energy Brokers, 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 (Montreal, Calgary and Vancouver), in key U.S. markets
(New York, Houston, Boston and Chicago) as well as in London, Beijing
and Sydney. For more information about TMX Group, visit our website at
www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE: TMX GROUP INC.
For further information:
Director, Communications and Public Affairs