TMX Group Inc., today announced that it has filed its Management Information Circular and related materials with the Canadian securities commissions in preparation for the Annual and Special Shareholder Meeting to be held on June 30, 2011. The circular is available on SEDAR at www.sedar.com as well as on the TMX Group website at www.tmx.com/merger. The company is in the process of mailing the materials to shareholders.
The annual and special meeting of shareholders is scheduled to be held at The Design Exchange, located at 234 Bay Street, Toronto, Ontario on June 30, 2011 at 10:00 a.m. (Eastern Time).
TMX Group entered into the merger with LSEG as the best path forward for TMX Group, its shareholders and stakeholders. The merger provides the opportunity for TMX Group and its shareholders to participate in the creation and on-going growth of a new, globally competitive exchange group, with several important benefits expected for stakeholders, including:
- The acceleration of TMX Group's growth plans;
- Preservation of TMX Group's businesses in Canada, particularly its regulatory advantages and its deep know-how and world leading capabilities in resource and small and medium enterprises;
- Opportunities for Canadians to play a meaningful role in building a global leader in the exchange sector;
- An improved ability to attract new foreign investment to Canada and to facilitate access to the world's largest international capital pool for Canadian issuers of all sizes;
- An opportunity to achieve global leadership in derivatives trading and clearing, including through the continued development of leading-edge technology;
- The ability to market Canadian trading technology leadership to exchange operators and businesses around the world; A strengthening of Canada's brand and leadership on the world stage.
Completion of the arrangement is subject to certain conditions, including the receipt of requisite approval by TMX Group's shareholders, the final approval of the Ontario Superior Court of Justice, and approvals by provincial securities regulators and by Industry Canada under the Investment Canada Act. If all necessary approvals are obtained and the conditions of the completion of the arrangement are satisfied or waived, it is expected that the arrangement will be completed in the Fall of 2011.
Separately today, London Stock Exchange Group filed a circular for its own shareholder meeting to be held on June 30, 2011 in London to approve the transaction.