TSX Group Inc. (Symbol: X) Posted November 6, 2002
The following trader note was issued today by the Exchange:
"Further to Exchange Bulletin 2002-1132 dated Thursday, October 31, 2002,
the common shares of TSX Group Inc. will commence trading on an "if, as and
when issued" basis at the opening today under the symbol X and CUSIP 873028
10 4. A total of approximately 18,978,238 common shares are to be sold to
the public at a price of $18.00 per common share pursuant to a prospectus
offering that is scheduled to close on Tuesday, November 12, 2002 at or
before 9 a.m. Subject to the closing of the prospectus offering on
Tuesday, November 12, 2002, all trades in X, in the "if, as and when
issued" market on Wednesday, November 6, 2002 will be for special
settlement on the closing date and will appear on the settlement report
from CDS. All trades in X in the "if, as and when issued" market on
Thursday, November 7, will be for special settlement on Wednesday, November
13; all trades in X on Friday, November 8, will be for special settlement
on Thursday, November 14; all trades in X on Monday, November 11 will be
for special settlement on Thursday, November 14. All trades will appear on
the settlement report from CDS.
NOTE: Monday, November 11, 2002 is a non-clearing day for settlement
purposes.
Upon closing the common shares will no longer trade on an "if as and when
issued" basis. If the prospectus offering does not close, all of the "if,
as and when issued" trades will be cancelled, no securities will be
delivered and no money will be owed by purchasers to sellers. Parties who
are entitled to receive common shares under the prospectus offering may
sell such securities in the "if, as and when issued" market without being
subject to restrictions on short sales. Parties who are not entitled to
receive common shares under the prospectus offering must comply with the
short sale rules in all respects for any sales they make in the "if, as and
when issued" market." |
