Toronto Stock Exchange ("TSX") staff is providing guidance with respect to its stock symbol reservation procedures. Currently, a stock symbol must consist of not more than three letters of the alphabet, as set out in Section 355 of the TSX Company Manual.
However, TSX is now giving listed issuers and applicants the option to reserve stock symbols that consist of four letters of the alphabet. TSX anticipates that four letter stock symbols will commence trading by the end of the fourth quarter of 2016.
TSX is now accepting initial reservation requests for four letter stock symbols. In order to provide applicants and listed issuers with an equitable allocation process, TSX will accept written requests for four letter stock symbols during an initial allocation and reservation period that will expire on May 20, 2016.
A Staff Notice dated April 26, 2016 has been posted on TSX's website at:
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TSX Staff Notice On Four Letter Stock Symbol Reservation Procedures
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