TMX Group proposes to split the shares five-for-one
TORONTO – TMX Group Ltd. proposes to split its shares on a five-for-one basis.
The operator of the Toronto Stock Exchange says it believes the split can encourage greater liquidity for its shares.
Shares in the company closed at $133.46 on Tuesday.
The company says its board of directors will recommend that shareholders approve the split at its next annual and special meeting on May 2.
It says further details will be disclosed in the management information circular ahead of the meeting.
The split is also subject to approval by the Toronto Stock Exchange.
This report from The Canadian Press was first published on February 8, 2023.
Companies in this story: (TSX:X)
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