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TMX Group Limited Announces Further Details Regarding Stock Split
TMX Group Limited Announces Further Details Regarding Stock Split Canada NewsWire ...
About this update from Tmx Group Ltd.
[{"type":"text","content":"\n \n \n \n TMX Group Limited Announces Further Details Regarding Stock Split\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 30, 2023\n \n \n /CNW/ - TMX Group Limited (\"TMX Group\") announced today that it has set\n \n June 8, 2023\n \n as the record date (the \"Record Date\") for the previously announced five-for-one split of its common shares (the \"Stock Split\"). The Stock Split was approved by the shareholders of TMX Group at its annual general and special meeting on\n \n May 2, 2023\n \n . On\n \n June 13, 2023\n \n (the \"Payment Date\"), shareholders of record as of the close of business on the Record Date will receive four additional common shares for every one common share held.\n \n \n The Toronto Stock Exchange has determined that the common shares will trade on a due bill basis from\n \n June 7, 2023\n \n (being one trading day prior to the Record Date) to the Payment Date (i.e.,\n \n June 13, 2023\n \n ), inclusive. A due bill is an entitlement attached to listed securities undergoing a material corporate action, such as the Stock Split. In this instance, the entitlement is to the additional common shares issuable as a result of the Stock Split. Any trades that are executed during the due bill period will be flagged to ensure purchasers receive the entitlement to the additional common shares issuable as a result of the Stock Split. The common shares will commence trading on a split-adjusted basis on\n \n June 14, 2023\n \n (the ex-distribution trading date), as of which date purchases of common shares will no longer have the attaching entitlement to the additional common shares. The due bill redemption date will be\n \n June 15, 2023\n \n .\n \n \n On\n \n June 13, 2023\n \n the additional shares required to give effect to the Stock Split will be issued to holders of record at the close of business on\n \n June 8, 2023\n \n . No action is required by shareholders in connection with the Stock Split. Existing share certificates representing common shares of TMX Group will remain ...