MONTREAL, March 23 /CNW Telbec/ - Montréal Exchange Inc. (MX) announced
today that it received the approval of the Toronto Stock Exchange (TSX) to
proceed with a normal course issuer bid. The Board of Directors of MX
authorized the company to purchase up to 2,412,143 of its common shares,
representing, as of March 23, 2007, 10% of the public float (being 24,121,431)
or approximately 7.8% of MX's 30,977,183 outstanding common shares, commencing
on the first date of the listing of MX common shares on TSX and ending on
March 22, 2008.
The purchases will be made at market prices through the facility of TSX
in accordance with its Rules and Policies. The common shares thereby purchased
will be cancelled.
MX believes that the purchase of its common shares represents an
effective use by MX of its funds and is in the best interest of MX and its
shareholders. Shareholders may obtain, without charge, a copy of the documents
filed with TSX concerning this issuer bid by contacting the Secretariat of MX
About Montréal Exchange Inc.
The Montréal Exchange (MX) is Canada's financial derivatives exchange.
The MX offers trading in Canadian interest rate, index and equity derivatives.
Clearing, settlement and risk management services are provided by an AA rated
clearing-house, the Canadian Derivatives Clearing Corporation, fully owned by
the MX. Our integrated trading and clearing services are supported by an MX
proprietary suite of exchange technologies, known as SOLA(R). The MX is a
significant owner and the technical operator of the Boston Options Exchange
(BOX), a U.S. automated equity options market. The Montréal Climate Exchange
(MCeX) - which aims to become the first regulated environment market in Canada
- is a joint venture of the Chicago Climate Exchange(R) and the MX. For more
information about the Montréal Exchange, please visit www.m-x.ca.
For further information:
For further information: Jean Charles Robillard, (514) 871-3551,