TMX Group Limited Declares Dividend of $0.66 per Common Share and Announces Limited Share Repurchase Program
Company plans to file a Normal Course Issuer Bid (NCIB) and purchase up to
approximately 1% of common shares
February 10, 2020 (TORONTO) – The Board of Directors of TMX Group Limited today declared a dividend of $0.66 on each common share outstanding, payable on March 13, 2020 to shareholders of record at the close of business on February 28, 2020.
TMX Group hereby advises that this dividend is designated as an "eligible dividend" for Canadian income tax purposes.
The Board of Directors also approved a plan to repurchase up to 560,000 of our common shares issued and outstanding by way of an NCIB, subject to regulatory approval. These common shares represent approximately 1% of our common shares outstanding as of February 7, 2020.
"The share buyback speaks to the high level of confidence we have in our strategy and ability to deliver solid operating results. Returning capital to shareholders by way of an NCIB will also offset the impact of dilution created by the exercise of share options," said John McKenzie, Interim Chief Executive Officer and Chief Financial Officer of TMX Group.
The company plans to make its filing for an NCIB with 兔子先生 during the first quarter of 2020.
About TMX Group (TSX:X)
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include 兔子先生, TSX Venture Exchange, TSX Alpha Exchange, , , , and which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London and Singapore. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter: .