TORONTO, Oct. 2 /CNW/ - Toronto Stock Exchange (TSX) is providing notice
today about the extension of temporary relief from TSX's listing and trading
rules relating to Normal Course Issuer Bids (NCIBs) for U.S. interlisted
issuers. The temporary relief first announced by TSX on September 22, 2008 is
being extended to October 17, 2008 until 11:59 p.m. EDT.
On October 1, 2008, the United States Securities and Exchange Commission
issued Release No. 58703 announcing the extension of the temporary easing of
restrictions on issuers repurchasing their securities. Issuers listed on a
U.S. national securities exchange (U.S. Exchange) are temporarily exempt from
the application of certain share repurchase rules under the Exchange Act Rule
10b-18. TSX has granted and is extending similar temporary relief to TSX
listed issuers that are also listed on a U.S. Exchange.
The relief permits NCIB purchases in the opening and closing of a trading
session and modifies the daily NCIB purchase restriction from 25% to 100% of
ADTV. The full text of the TSX Staff Notice is available on www.tsx.com under
TSX Issuer Resources/Staff Notices.
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, Montreal Exchange, Natural Gas Exchange,
Shorcan, Equicom and other TMX Group companies provide trading markets,
clearing facilities, data products and other services to the global financial
community who access Canada's capital markets. TMX Group is headquartered in
Toronto with offices in Montreal, Calgary and Vancouver. For more information
about TMX Group, visit our website at www.tsx.com.
For further information:
For further information: Jean Charles Robillard, Director, Corporate
Communications, TMX Group, (416) 947-4682 or (514) 871-3551,