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TSX Enterprise Alternate Pronounces Modifications to Capital Pool Firm Program

Important changes to the exchange’s most popular go-public vehicle for deal makers

TORONTO, 1st December 2020 / CNW / – TSX Venture Exchange (TSXV) today announced changes to its Capital Pool Company (CPC) program after extensive stakeholder consultation across the TSXV community. The CPC program is a unique listing vehicle exclusively offered by TSXV, which has accounted for nearly 50% of the new TSXV listings in the past 10 years.

New changes to the policy will take effect on January 1, 2021 and will offer:

  • Increased flexibility – new jurisdictions added, residence restrictions relaxed, spending restrictions simplified
  • Reduced regulatory burden – relaxed requirements for shareholder distribution and approval, fewer restrictions on PRO subscriptions
  • Improved profitability – higher investments in seeds, finder fees, shorter deed of transfer

“The CPC program is a unique, innovative go-public vehicle tailored to meet the needs of growth companies in all sectors and is the leading source of new listings on the TSX Venture Exchange. We are proud of the program’s long track record opportunities for businesses to access public growth capital as they expand, “he said Loui Anastasopoulos, President, Capital Formation, TMX Group. “As the Canadian financial landscape evolves, we recognize the importance of working with our customers and stakeholders to ensure that the services and solutions we offer remain relevant to success. We thank our partners across the community for making sure that that they work with us to identify key factors. ” Ways We Can Improve The CPC Program And Make These Important Policy Changes. “

Representatives from provincial and national advisory committees will join TMX executives this morning to open up the market 9:30 am EST.

The CPC program offers an alternative, two-stage introduction to capital markets by introducing investors with financial market experience to entrepreneurs whose companies need capital and management skills for public companies in the growth and development phase.

Since its inception in 1986, over 2,600 CPCs have been created and more than 2,200 Qualifying Transactions (QTs) completed. Former CPCs have increased $ 75 billion in equity on TSX and TSXV. TSXV will host virtual events on December 8th and 9, 2020 to review major policy changes. Visit tsx.com/cpc for more information.

For market openings: The media can pick up a feed from the TOC (Television Operations Center) for all market opening ceremonies. The feed is called TSX Transmit 1 (SD-SDI) and is created in the TMX Broadcast Center and broadcast live to the table of contents. To pick up the feed via the Dejero network, please contact [email protected]. The client feature video will play approximately from the TMX media wall 9:27 ET and the markets open with the sound of a siren 9:30 p.m. ET.

About the TMX Group (TSX: X)

TMX Group operates global markets and builds digital communities and analytics solutions that facilitate the financing, growth and success of companies, traders and investors. TMX Group’s key businesses include the Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, Canadian Securities Depot, Montréal Exchange, Canadian Derivatives Clearing Corporation and Trayport, listing markets, trading markets, clearing Offer facilities, depot services and technology solutions. Data products and other services to the global financial community. The TMX Group is headquartered in Toronto and operates offices over North America (Montréal, Calgary, Vancouver and new York) as well as in major international markets including London and Singapore. For more information about the TMX Group, please visit our website at www.tmx.com. Follow the TMX Group on Twitter: @TMXGroup.

SOURCE TMX Group Limited

For more information: Catherine Kee, Senior Manager, Corporate Communications and Media Relations, TMX Group, 416-814-8834, [email protected]