The TSE demutualized just over a year ago. Mr. Sullivan noted, “Becoming a public company is very much a part of the TSE’s future growth strategy. Going forward as a public company will enable us to implement a successful business model for the Exchange, respond proactively to the needs and interests of our customers and provide a high level of accountability and an acceptable return to our shareholders.”
Mr. Sullivan added that the TSE’s ownership is a complex issue and much remains to be determined. At this point, the TSE is not contemplating a treasury offering but will review other opportunities to achieve its goal of becoming a publicly listed company. In whatever way the TSE decides to proceed, care will be taken that any arrangement is in the best interests of all shareholders. In the interim, the TSE has been and will continue to be receptive to transfers of shares, thus providing some liquidity to shareholders wishing to sell their shares.
