TORONTO, March 23, 2020 /CNW/ - TMX Group exchanges Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) today announced temporary blanket relief measures for TSX and TSXV listed issuers during the Coronavirus (COVID-19) pandemic. Effective immediately, these measures are designed to lessen the administrative burden on public companies during the current crisis and provide greater flexibility in dealing with market volatility.
"The profound impacts of the COVID-19 crisis are being felt across all industries and companies, including emerging and established listed companies in Canada and around the world," said Loui Anastasopoulos, President, Capital Formation, TMX Group. "Public companies play a vital role in the success and long-term viability of Canada's economy and constitute a crucial segment of TMX's client base. Following close consultation with our stakeholders, we have implemented measures that we feel will benefit many of our more than 3,200 listed issuers, and allow them increased flexibility as they work to manage their businesses through this rapidly evolving crisis."
TSX and TSXV are not requiring issuers to apply to the Exchanges to take advantage of this relief, but instead all measures will automatically apply today. TSX and TSXV issuer relief measures include timeframe extensions for holding annual shareholder meetings, and approvals of stock option plans. TSX has also made allowances for filing of financial statements and adjustments to share buybacks and delisting criteria.
About TMX Group (TSX-X)
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, and Trayport which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.
SOURCE TMX Group Limited
For further information: Shane Quinn, Head of Communications and Public Affairs, TMX Group Limited, 416-947-4609, [email protected]