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TSX Announces Rule Changes on Share Incentives and Backdoor Listings

September-26-2014

Lawyer Jonathan Feldman, Neill May
Area Corporate Finance and Securities

Summary

The Toronto Stock Exchange (TSX) has adopted amendments relating to security-based compensation arrangements in acquisitions (the “Compensation Arrangement Amendments”) and to the circumstances in which the TSX will consider a transaction to be a backdoor listing (the “Backdoor Listing Amendments”).  The amendments will become effective on October 1, 2014.

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