The Montreal Exchange (MX) said today that the process of listing its shares is well advanced and it expects to file a preliminary non-offering prospectus for the listing of its shares in the near future.
Back in December 2006, the MX’s board of directors said that the exchange will list its shares without offering.
Today’s update, which said the filing date remains to be determined, included these details:
- MX will split its shares 3 for 1;
- MX will apply to have its shares listed on the Toronto Stock Exchange; and
- MXX is the proposed ticker symbol.
Advisors in the listing process are National Bank Financial Inc and Citigroup Global Markets Inc. (Financial), Ogilvy Renault LLP (Legal) and KPMG LLP (Auditing).
CIBC Melon Trust Company will be the Transfer Agent.