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TSX : Rollout Of New Issuer Stock Symbol Codes - New Air Canada Issue And Quebecor World Issue Kick Off Staged Rollout That Should Be Completed By End Of Year

Date 29/09/2004

Next Monday October 4th, ACE Aviation Holdings, the company that emerged from the Air Canada reorganization, and Quebecor World Inc. will launch trading with new stock symbols. ACE Aviation will be ACE.RV. The new code suffix “RV” represents a “restricted voting issue” and Quebecor will be IQW.SV to indicate a “subordinate voting issue.” These are the first in a series of rollouts between October 4 and December 13, with the stock symbols for those shares with non-conventional voting structures being re-named, bringing additional clarity to the differences between various types of securities that trade on Toronto Stock Exchange and TSX Venture Exchange.

Robert Fabes, Senior Vice President, Toronto Stock Exchange, said these changes will help investors understand what they own. “When purchasing a new Air Canada share, an investor clearly knows they own a restricted voting share.” He added, “We believe the benefits to investors will come from the greater transparency to the market resulting from having clear and consistently applied stock symbol formats reflecting the voting attributes of the securities while eliminating the inconsistencies between the labelling of share classes.”

Moving ahead, investors in Toronto Stock Exchange and TSX Venture Exchange issues will see specific suffixes for ‘Multiple Voting Shares-MV’, ‘Subordinate Voting Shares-SV’, ‘Restricted Voting Shares-RV’, ‘Limited Voting Shares-LV’ or ‘Non-Voting Shares-NV’. New suffixes for non-convertible notes-NT issues were launched this summer. According to Mr. Fabes, “with a renewed focus on investments and the governance of our listed issuers, this is an idea whose time has come.”

Work on this project began earlier this year after discussions between TSX and the Canadian Coalition for Good Governance. The Coalition recommended TSX look at changes it could make to clarify the nature of shares that shareholders owned. In the coming week, the following issues will have new codes assigned.

Stock

Symbol

Renaming Date

New symbol

 

 

 

 

ACE Aviation Holdings  - new listing

 

04-Oct

ACE.RV

Quebecor World Inc. SV

IQW

04-Oct

IQW.SV

ADF Group Inc. SV

DRX

12-Oct

DRX.SV

Agricore United LV

AU

12-Oct

AU.LV

Canada Southern Petroleum Ltd. LV

CSW

12-Oct

CSW.LV

Cogeco Cable Inc. SV

CCA

12-Oct

CCA.SV

Cogeco Inc. SV

CGO

12-Oct

CGO.SV

Power Corporation of Canada SV

POW

12-Oct

POW.SV

New codes for other issues are scheduled to be completed by December 13th. Details are available at tsx.com by clicking on the “New Stock Symbols” icon on the right side of the home page.

About TSX Group Inc. (TSX-X)
TSX Group operates Canada's two national stock exchanges serving the senior equity and public venture equity markets as well as NGX, a leading North American exchange for the trading and clearing of natural gas and electricity contracts. TSX are the initials attached to the core equity operations of the TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx, TSX Technologies. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.