This morning we announced that TMX Group has entered into an agreement with Equity Financial Holdings Inc. to acquire its transfer agent and corporate trust services business.

The expansion of our company services business in this area makes a great deal of sense for TMX Group. The stock transfer and corporate trust business fits very well with the other products and services we provide to companies listed on TSX and TSXV.

With this acquisition we will broaden our portfolio of services and enhance the value we can deliver to companies listed on TSX and TSXV. Our team recognizes that public companies have unique needs and we seek to support them in any way possible. Equity’s transfer agency and corporate trust services will enable us to further extend our offering to listed companies, expanding the breadth of products and services offered by TSX Company Services, including investor relations, design services, shareholder data and tracking, and market analytics.

The Equity business currently offers services to more than 700 clients, most of which are listed on TSX or TSXV. In addition, it supports public market activities by maintaining security holder registers, acting as a depositary agent for merger and acquisition transactions, and assisting issuers in discharging their obligation to hold meetings of security holders.

TMX has the key relationships and resources to enhance the great business that the Equity team has built, and we look forward to welcoming the team of Equity professionals and working with them to expand the business and serve our customers.

The transaction, which is expected close at the end of March or early April, is subject to closing conditions, including certain consents and an Equity shareholder vote.

Filed under: TMX Group, Toronto Stock Exchange, TSX Venture Exchange