Acquisition will provide platform to launch innovative investor
relations products and services
TSX to hold celebratory market opening this morning
TORONTO, June 1 /CNW/ - In a move aimed at providing value-enhancing
services to Canadian public issuers, TSX Group Inc. today announced the
purchase of The Equicom Group Inc. ("Equicom"), a leading provider of investor
relations and related corporate communication services in Canada. Following
the closing of the transaction, Equicom will operate as a separate
wholly-owned subsidiary of TSX Group.
"We are excited about the potential this valuable new product offering
will provide for TSX listed companies," said Richard Nadeau, Senior Vice
President, Toronto Stock Exchange. "Given the nature and profile of our
capital markets, it is vital that our issuers obtain high quality investor
relations and communications services."
He went on to say, "Assisting issuers to embrace best practices in
communications, it will result in better information transparency, more
efficient market evaluation of issuers and thus better capital markets for
issuers and investors alike. This acquisition fits perfectly with our strategy
of expanding our service offerings and adding value to issuer relationships on
both Toronto Stock Exchange and TSX Venture."
TSX Group and Equicom are currently working together in the successful
"On the Radar" program. "On the Radar" is a monthly showcase providing TSX and
TSX Venture Exchange issuers with an opportunity to present their stories to
the professional investment community in Canada's main financial centers
(Toronto and Montreal).
"We are pleased to be joining the TSX Group and we look forward to
extending our service offering and geographic presence as we move ahead," said
Barry Hildred, President of Equicom. "With an established national presence
and extensive relationships and experience within Canadian capital markets, we
will provide TSX with a competitive advantage as they look to grow their base
of domestic and international issuers."
Equicom provides a full suite of investor relations and related corporate
communications services to approximately 100 public issuers. Founded in 1996,
the Company employs 60 professionals in offices in Toronto, Calgary and
Montreal. Equicom's revenue was in excess of $13 million for its last fiscal
year. The acquisition is expected to be immediately accretive for TSX Group's
There will be a market opening ceremony this morning with officials from
TSX Group and Equicom in the TSX Broadcast Centre at 9:30 a.m. Media may
pick up a feed from the TOC (television operations centre) for all market
open ceremonies. The feed is named TSX Transmit 2 and is produced at the
TSX and sent live to the TOC. Officials will move into position for the
market open ceremony at approximately 9:27 a.m. and the markets will open
with the sound of a SIREN (the traditional market open on Toronto Stock
Exchange) at 9:30 a.m.
Certain statements constitute forward-looking statements and are not
historical facts but are based on certain assumptions and reflect TSX Group's
current expectations regarding future results or events. These statements are
subject to a number of risks and uncertainties that could cause actual results
or events to differ materially. Some of the risk factors that could cause
actual results or events to differ materially from current expectations are
outlined in TSX Group's Annual Report, Quarterly Reports and Annual
Information Form filed with securities regulators from time to time.
About The Equicom Group Inc.
The Equicom Group is Canada's leading Investor Relations consulting firm
offering unparalleled strategic communications counsel and a comprehensive
range of value-added services to support our clients' success in achieving
their capital markets objectives. By partnering with Equicom and outsourcing
many of the challenges associated with being a public company, our clients can
focus their time and attention on what matters most: growing their businesses
and building sustainable shareholder value.
About TSX Group Inc. (TSX-X)
TSX Group operates Canada's two national stock exchanges, Toronto Stock
Exchange serving the senior equity market and TSX Venture Exchange serving the
public venture equity market, Natural Gas Exchange (NGX), a leading North
American exchange for the trading and clearing of natural gas and electricity
contracts and Shorcan Brokers Limited, the country's first fixed income
inter-dealer broker. TSX are the initials attached to the core equity
operations of TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture
Exchange, TSX Markets, TSX Datalinx, and TSX Technologies. TSX Group is
headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
the CNW Photo Network and archived at http://photos.newswire.ca.
Additional archived images are also available on the CNW Photo Archive
website at http://photos.newswire.ca. Images are free to accredited
members of the media/
For further information:
For further information: Steve Kee, Director, Media & Marketing, TSX
Group Inc., Toronto Office (416) 947-4682, Toll Free 1-888-873-8392, Cellular
(416) 358-3714, Vancouver Office (604) 602-6902, Calgary Office (403)
218-2892, firstname.lastname@example.org; Joanna Longo, Vice President, Equicom, (416)
815-0700 ext. 233, email@example.com; Cameron Davies, Director, Business
Development, Equicom, (416) 815-0700 ext. 260, firstname.lastname@example.org