XTM eXchange Split Corp. Extends Exchange Option Deadline
May 27 2008 - 3:20PM
Marketwired
TORONTO, ONTARIO announced today that the deadline for investors
to deposit securities of TSX Group Inc. in connection with the
purchase of Units, consisting of Priority Equity Shares and Class A
Shares, of the Company pursuant to the Exchange Option, as outlined
in the preliminary prospectus of the Company dated April 30, 2008,
has been extended to 5:00 p.m. (Toronto time) on June 11, 2008. The
applicable exchange ratio will now be based on the volume-weighted
average trading price of the common Shares of TSX Group Inc. on the
TSX during the three consecutive trading days ending on June 11,
2008.
Prospective purchasers pursuant to the exchange option may
acquire (i) Units (one Class A Share and one Priority Equity Share)
or (ii) Class A Shares of XTM eXchange Split Corp. Prospective
purchasers may also continue to acquire Class A Shares and/or
Priority Equity Shares and pay the purchase price in cash.
The offering is an investment in common shares of TMX Group Inc.
which is the company resulting from the combination of TSX Group
Inc. and Montreal Exchange Inc. The Company will offer two
investment choices: Class A Shares (a capital share) and Priority
Equity Shares (a preferred share).
XTM Split's Class A Shares offer regular monthly cash dividends
targeted to be 5.00% per annum. The Class A Shares will also
provide holders with any capital appreciation or dividend growth
achieved in its Shares of TSX Group Inc.
XTM Split's Priority Equity Shares offer fixed, cumulative
preferential monthly cash dividends at a yield of 5.25% per annum,
with the objective of repaying their original issue price ($10)
upon termination on December 1, 2015.
Please visit our website at www.XTMeXchange.com.
Contacts: XTM eXchange Split Corp. Investor Relations (416)
304-4443 or 1-877-478-2372 Email: info@xtmexchange.com Website:
www.XTMeXchange.com
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