TSX Announces Rule Changes on Share Incentives and Backdoor Listings
|Lawyer||Jonathan Feldman, Neill May|
|Area||Corporate Finance and Securities|
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.