Montreal Exchange shareholders vote at 99.6% in favor of the combination with TSX Group to create the new TMX Group

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[{"type":"text","content":"\n\n\n\nMONTREAL, Feb. 13 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX)\nannounced that during the special general meeting that was held today, MX\nshareholders approved the proposed combination with TSX Group Inc. to create\nTMX Group Inc.\n\n\nThe combination had to be approved by at least 66 2/3% of the votes cast\nby MX shareholders present in person or represented by proxy at the meeting.\nThe shareholders approved it by 99.6%.\n\n\nThis is a key step towards the completion of the combination and the\ncreation of the new TMX Group. It demonstrates a strong show of support for\nthe transaction by MX shareholders.\n\n\nOn January 31st, 2008, MX filed an application with the Autorite des\nmarches financiers (AMF), to amend its recognition order. This application\nincluded written undertakings from TSX Group Inc. to the effect that, notably:\n\n\n - MX will continue to be the Canadian national exchange for all\n derivatives trading and related products;\n - The head office and the executive office of each of MX and the\n Canadian Derivatives Clearing Corporation (CDCC) will remain in\n Montreal;\n - MX operations will remain and continue to develop in Montreal;\n - The AMF will continue as the lead regulator in respect of the\n operations of MX and CDCC, with oversight over the future\n development of derivatives markets in Montreal;\n - Any proposal for a change in the control of more than 10% of the\n shares of MX will be subject to the prior approval of the AMF;\n - TMX Group will remain subject to a 10% ownership restriction, and\n any amendments to this restriction will require the prior approval\n of each of the AMF and the Ontario Securities Commission.\n\n\nSince February 1st and until March 3, 2008, any person who submits\nwritten comments within the public consultation process of the AMF, will be,\ndepending on availability, provided with an opportunity to express their\nopinion at the public hearings to be held March 26 and 27, 2008.\n\n\nAbout Montreal Exchange Inc.\n\n\nThe Montreal Exchange (MX) is the Canadian derivatives exchange. The MX\noffers trading in Canadian interest rate, index and equity derivatives.\nClearing, settlement and risk management services are provided by an AA rated\nclearing house, the Canadian Derivatives Clearing Corporation, fully owned by\nthe MX. Our integrated trading and clea...

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