Loui Anastasopoulos, President, Capital Formation, TMX Group said:
The profound impacts of the COVID-19 crisis are being felt across all industries and companies, including emerging and established listed companies in Canada and around the world. Public companies play a vital role in the success and long-term viability of Canada’s economy and constitute a crucial segment of TMX’s client base. Following close consultation with our stakeholders, we have implemented measures that we feel will benefit many of our more than 3,200 listed issuers, and allow them increased flexibility as they work to manage their businesses through this rapidly evolving crisis.
TSX and TSXV will not require issuers to apply to take advantage of the relief actions, instead they will automatically apply. The relief includes timeframe extensions for holding annual shareholder meetings and approvals of stock option plans. TSX will also allow filing of financial statements and adjustments to share buybacks and delisting criteria.
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