Íâ¹úÃÀŮɫÇéƬ 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 Íâ¹úÃÀŮɫÇéƬ 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.
Íâ¹úÃÀŮɫÇéƬ 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 Íâ¹úÃÀŮɫÇéƬ.
The company plans to make its filing for an NCIB with Toronto Stock Exchange during the first quarter of 2020.
About Íâ¹úÃÀŮɫÇéƬ (TSX:X)
Íâ¹úÃÀŮɫÇéƬ operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. Íâ¹úÃÀŮɫÇéƬ's key operations include Toronto Stock Exchange, 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. Íâ¹úÃÀŮɫÇéƬ 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 Íâ¹úÃÀŮɫÇéƬ, visit our website at www.tmx.com. Follow Íâ¹úÃÀŮɫÇéƬ on Twitter: .