Source: REUTERS/Mark Blinch
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  • TMX Group Limited (X) has announced a normal course issuer bid commencing on March 4, 2022
  • TMX Group intends to purchase up to 560,000 of its common shares
  • TMX Group has purchased 560,000 of its common shares for cancellation during its previous NCIB that expired on November 29, 2021
  • TMX Group operates global markets that facilitate the funding, growth and success of businesses, traders and investors
  • TMX Group Limited (X) is down 1.35 per cent on the day, trading at C$126.50 per share at 12:35 pm EST

TMX Group Limited (X) has announced a normal course issuer bid.

TMX Group intends to purchase up to 560,000 of its common shares representing approximately 1 per cent of the 55,937,509 common shares outstanding on February 22, 2022.

Daily purchases will be limited to 24,819 shares, other than block purchase exceptions.

The NCIB will commence on March 4, 2022, and will terminate on March 3, 2023.

The price TMX Group will pay for any common shares will be the market price at the time of acquisition. All repurchased shares will be cancelled.

TMX Group has purchased 560,000 of its common shares for cancellation at a volume-weighted average price of $131.13 per common share under its previous NCIB which expired on November 29, 2021.

TMX Group operates global markets and builds digital communities that facilitate the funding, growth and success of businesses, traders and investors. 

TMX Group Limited (X) is down 1.35 per cent on the day, trading at C$126.50 per share at 12:35 pm EST.

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