{"success":true,"data":{"pressRelease":{"id":"36736","rtpr_id":"nNFCbwC0nS","ticker":"X","exchange":"TSX","all_tickers":["X"],"title":"TMX Group Limited Announces Approval of an Amendment to its Normal Course Issuer Bid","author":"Newsfile Corp","published_at":"2026-05-15T15:30:18.091Z","article_body":"Toronto, Ontario--(Newsfile Corp. - May 15, 2026) - TMX Group Limited (\"TMX\nGroup\") announced today that the Toronto Stock Exchange (\"TSX\") has approved\nan amendment to its normal course issuer bid.\n\nThe amendment is intended to increase the maximum of TMX Group's issued and\noutstanding common shares that may be repurchased under the normal course\nissuer bid, by allowing the repurchase of up to 5,600,000 common shares,\nrepresenting approximately 2% of the 278,232,220 common shares outstanding on\nFebruary 20, 2026.\n\nThe normal course issuer bid, launched on February 27, 2026, originally\nallowed TMX Group to repurchase up to 2,800,000 common shares representing\napproximately 1% of its issued and outstanding common shares as at February\n20, 2026. As at May 7, 2026, TMX Group has repurchased 2,795,000 common shares\nat an average price of $50.95 under the current normal course issuer bid,\nrepresenting 1.0% of the issued and outstanding common shares as at February\n20, 2026.\n\nThe amendment will take effect on May 21, 2026. The normal course issuer bid\nwill terminate on February 26, 2027, or such earlier date as TMX Group\ncompletes its purchases. No other terms of the current normal course issuer\nbid have been amended.\n\nTMX Group will make purchases in accordance with TSX requirements and the\nprice TMX Group will pay for any such common shares will be the market price\nof such shares at the time of acquisition. All purchases will be effected\nthrough the facilities of TSX. All repurchased shares will be cancelled.\n\nTMX Group has a pre-defined plan with its designated broker to allow for the\nrepurchase of common shares at times when TMX Group ordinarily would not be\nactive in the market due to its own internal trading blackout periods, insider\ntrading rules or otherwise. The actual number of common shares to be\nrepurchased, the timing of such repurchases and the price at which the common\nshares will be repurchased will depend on future market conditions.\n\nThe maximum number of common shares that can be purchased on the same trading\nday on TSX is 155,315 shares (25% of the average daily trading volume during\nthe six full calendar months ended preceding the launch of the normal course\nissuer bid, being 621,261 common shares), other than block purchase\nexceptions.\n\nCaution Regarding Forward-Looking Information\n\nThis press release of TMX Group contains \"forward-looking information\" (as\ndefined in applicable Canadian securities legislation) that is based on\nexpectations, assumptions, estimates, projections and other factors that\nmanagement believes to be relevant as of the date of this press release.\nOften, but not always, such forward-looking information can be identified by\nthe use of forward-looking words such as \"plans,\" \"expects,\" \"is expected,\"\n\"targeted,\" \"estimates,\" \"intends,\" \"anticipates,\" \"believes,\" or variations\nor the negatives of such words and phrases or statements that certain actions,\nevents or results \"may,\" \"could,\" \"would,\" \"might,\" or \"will\" be taken, occur\nor be achieved or not be taken, occur or be achieved. Forward-looking\ninformation, by its nature, requires us to make assumptions and is subject to\nsignificant risks and uncertainties which may give rise to the possibility\nthat our expectations or conclusions will not prove to be accurate and that\nour assumptions may not be correct.\n\nExamples of forward-looking information in this press release include, but are\nnot limited to, the expected benefits of and the number of shares, if any,\nthat will be purchased under the NCIB, which are subject to significant risks\nand uncertainties. These include, but are not limited to: the competitive\nlandscape in which we operate, the economic performance in Canada and\nglobally, our earnings and free cash flow, our debt levels and target leverage\nratio and covenants under TMX Group's revolving credit facility, which among\nother factors may affect our ability or decision to purchase shares under the\nNCIB.\n\nThere can be no assurance that forward-looking information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. We have attempted to identify important\nfactors that could cause actual actions, events or results to differ\nmaterially from those current expectations described in forward-looking\ninformation. However, there may be other factors that cause actions, events or\nresults not to be as anticipated, estimated or intended and that could cause\nactual actions, events or results to differ materially from current\nexpectations. Accordingly, readers should not place undue reliance on\nforward-looking information. These factors are not intended to represent a\ncomplete list of the factors that could affect us. A description of the\nabove-mentioned items is contained in the section \"Enterprise Risk Management\"\nof our 2025 annual MD&A.\n\nAbout TMX Group (TSX: X)\n\nTMX Group operates global markets, and builds digital communities and analytic\nsolutions that facilitate the funding, growth and success of businesses,\ntraders and investors. TMX Group's key operations include Toronto Stock\nExchange (https://api.newsfilecorp.com/redirect/OANbNT2awD), TSX Venture\nExchange (https://api.newsfilecorp.com/redirect/PqXbXtg84K), TSX Alpha\nExchange (https://api.newsfilecorp.com/redirect/wEPpPSBOGB), The Canadian\nDepository for Securities (https://api.newsfilecorp.com/redirect/gJr4rF52ON),\nMontréal Exchange (https://api.newsfilecorp.com/redirect/DOEbETParJ),\nCanadian Derivatives Clearing Corporation\n(https://api.newsfilecorp.com/redirect/rpBoBiwLA0), TSX Trust\n(https://api.newsfilecorp.com/redirect/ppm5mi5Vka), TMX Trayport\n(https://api.newsfilecorp.com/redirect/YEGbGSMEG4), TMX Datalinx\n(https://api.newsfilecorp.com/redirect/0p858ikp7W), TMX VettaFi\n(https://api.newsfilecorp.com/redirect/anONOHMzAQ) and TMX Newsfile\n(https://api.newsfilecorp.com/redirect/248o8C1L33), which provide listing\nmarkets, trading markets, clearing facilities, depository services, technology\nsolutions, data products and other services to the global financial community.\nTMX Group is headquartered in Toronto and operates offices across North\nAmerica (Montréal, Calgary, Vancouver and New York), as well as in key\ninternational markets including London, Singapore and Vienna. For more\ninformation about TMX Group, visit www.tmx.com. Follow TMX Group on X:\n@TMXGroup.\n\nFor more information, please contact:\n\n Catherine Kee Head of Media Relations TMX Group 416-671-1704  catherine.kee@tmx.com  Amanda Tang Director of Investor Relations TMX Group 416-895-5848  amanda.tang@tmx.com  \n\n \n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/297637","article_body_html":"","raw_payload":{"data":{"id":"nNFCbwC0nS","title":"TMX Group Limited Announces Approval of an Amendment to its Normal Course Issuer Bid","author":"Newsfile Corp","ticker":"X","created":"2026-05-15T15:30:18.091Z","tickers":["X"],"exchange":"TSX","article_body":"Toronto, Ontario--(Newsfile Corp. - May 15, 2026) - TMX Group Limited (\"TMX\nGroup\") announced today that the Toronto Stock Exchange (\"TSX\") has approved\nan amendment to its normal course issuer bid.\n\nThe amendment is intended to increase the maximum of TMX Group's issued and\noutstanding common shares that may be repurchased under the normal course\nissuer bid, by allowing the repurchase of up to 5,600,000 common shares,\nrepresenting approximately 2% of the 278,232,220 common shares outstanding on\nFebruary 20, 2026.\n\nThe normal course issuer bid, launched on February 27, 2026, originally\nallowed TMX Group to repurchase up to 2,800,000 common shares representing\napproximately 1% of its issued and outstanding common shares as at February\n20, 2026. As at May 7, 2026, TMX Group has repurchased 2,795,000 common shares\nat an average price of $50.95 under the current normal course issuer bid,\nrepresenting 1.0% of the issued and outstanding common shares as at February\n20, 2026.\n\nThe amendment will take effect on May 21, 2026. The normal course issuer bid\nwill terminate on February 26, 2027, or such earlier date as TMX Group\ncompletes its purchases. No other terms of the current normal course issuer\nbid have been amended.\n\nTMX Group will make purchases in accordance with TSX requirements and the\nprice TMX Group will pay for any such common shares will be the market price\nof such shares at the time of acquisition. All purchases will be effected\nthrough the facilities of TSX. All repurchased shares will be cancelled.\n\nTMX Group has a pre-defined plan with its designated broker to allow for the\nrepurchase of common shares at times when TMX Group ordinarily would not be\nactive in the market due to its own internal trading blackout periods, insider\ntrading rules or otherwise. The actual number of common shares to be\nrepurchased, the timing of such repurchases and the price at which the common\nshares will be repurchased will depend on future market conditions.\n\nThe maximum number of common shares that can be purchased on the same trading\nday on TSX is 155,315 shares (25% of the average daily trading volume during\nthe six full calendar months ended preceding the launch of the normal course\nissuer bid, being 621,261 common shares), other than block purchase\nexceptions.\n\nCaution Regarding Forward-Looking Information\n\nThis press release of TMX Group contains \"forward-looking information\" (as\ndefined in applicable Canadian securities legislation) that is based on\nexpectations, assumptions, estimates, projections and other factors that\nmanagement believes to be relevant as of the date of this press release.\nOften, but not always, such forward-looking information can be identified by\nthe use of forward-looking words such as \"plans,\" \"expects,\" \"is expected,\"\n\"targeted,\" \"estimates,\" \"intends,\" \"anticipates,\" \"believes,\" or variations\nor the negatives of such words and phrases or statements that certain actions,\nevents or results \"may,\" \"could,\" \"would,\" \"might,\" or \"will\" be taken, occur\nor be achieved or not be taken, occur or be achieved. Forward-looking\ninformation, by its nature, requires us to make assumptions and is subject to\nsignificant risks and uncertainties which may give rise to the possibility\nthat our expectations or conclusions will not prove to be accurate and that\nour assumptions may not be correct.\n\nExamples of forward-looking information in this press release include, but are\nnot limited to, the expected benefits of and the number of shares, if any,\nthat will be purchased under the NCIB, which are subject to significant risks\nand uncertainties. These include, but are not limited to: the competitive\nlandscape in which we operate, the economic performance in Canada and\nglobally, our earnings and free cash flow, our debt levels and target leverage\nratio and covenants under TMX Group's revolving credit facility, which among\nother factors may affect our ability or decision to purchase shares under the\nNCIB.\n\nThere can be no assurance that forward-looking information will prove to be\naccurate, as actual results and future events could differ materially from\nthose anticipated in such statements. We have attempted to identify important\nfactors that could cause actual actions, events or results to differ\nmaterially from those current expectations described in forward-looking\ninformation. However, there may be other factors that cause actions, events or\nresults not to be as anticipated, estimated or intended and that could cause\nactual actions, events or results to differ materially from current\nexpectations. Accordingly, readers should not place undue reliance on\nforward-looking information. These factors are not intended to represent a\ncomplete list of the factors that could affect us. A description of the\nabove-mentioned items is contained in the section \"Enterprise Risk Management\"\nof our 2025 annual MD&A.\n\nAbout TMX Group (TSX: X)\n\nTMX Group operates global markets, and builds digital communities and analytic\nsolutions that facilitate the funding, growth and success of businesses,\ntraders and investors. TMX Group's key operations include Toronto Stock\nExchange (https://api.newsfilecorp.com/redirect/OANbNT2awD), TSX Venture\nExchange (https://api.newsfilecorp.com/redirect/PqXbXtg84K), TSX Alpha\nExchange (https://api.newsfilecorp.com/redirect/wEPpPSBOGB), The Canadian\nDepository for Securities (https://api.newsfilecorp.com/redirect/gJr4rF52ON),\nMontréal Exchange (https://api.newsfilecorp.com/redirect/DOEbETParJ),\nCanadian Derivatives Clearing Corporation\n(https://api.newsfilecorp.com/redirect/rpBoBiwLA0), TSX Trust\n(https://api.newsfilecorp.com/redirect/ppm5mi5Vka), TMX Trayport\n(https://api.newsfilecorp.com/redirect/YEGbGSMEG4), TMX Datalinx\n(https://api.newsfilecorp.com/redirect/0p858ikp7W), TMX VettaFi\n(https://api.newsfilecorp.com/redirect/anONOHMzAQ) and TMX Newsfile\n(https://api.newsfilecorp.com/redirect/248o8C1L33), which provide listing\nmarkets, trading markets, clearing facilities, depository services, technology\nsolutions, data products and other services to the global financial community.\nTMX Group is headquartered in Toronto and operates offices across North\nAmerica (Montréal, Calgary, Vancouver and New York), as well as in key\ninternational markets including London, Singapore and Vienna. For more\ninformation about TMX Group, visit www.tmx.com. Follow TMX Group on X:\n@TMXGroup.\n\nFor more information, please contact:\n\n Catherine Kee Head of Media Relations TMX Group 416-671-1704  catherine.kee@tmx.com  Amanda Tang Director of Investor Relations TMX Group 416-895-5848  amanda.tang@tmx.com  \n\n \n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/297637"},"type":"article","timestamp":"2026-05-15T15:30:18.150861854Z","server_sent_at_ms":1778859018150},"received_at":"2026-05-15T15:30:18.211Z","source_url":"https://www.newsfilecorp.com/release/297637"},"analysis":{"id":"26180","press_release_id":"36736","analysis_json":{"industry":{"label":"Financial Exchanges & Data","sector":"Financials"},"redFlags":[],"eventType":"buyback","narrative":"TMX Group announced that the TSX has approved an amendment to its normal course issuer bid, allowing the repurchase of up to 5.6 million additional common shares.\n\nThis increase represents approximately 2% of the 278.2 million shares outstanding as of February 20, 2026, expanding the original authorization of 2.8 million shares.\n\nAs of May 7, 2026, the company had already repurchased 2.795 million shares at an average price of $50.95 under the existing program, which will terminate on February 26, 2027.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"TMX expands share buyback program by 5.6M shares, signaling continued confidence in capital allocation."},"keyFigures":{"sharesOffered":5600000,"customDimensions":{"original_ncib_size":2800000,"daily_purchase_limit":155315,"average_repurchase_price":50.95,"total_outstanding_shares":278232220,"shares_already_repurchased":2795000}},"quotedText":"The amendment is intended to increase the maximum of TMX Group's issued and outstanding common shares that may be repurchased under the normal course issuer bid, by allowing the repurchase of up to 5,600,000 common shares","namedEntities":{"people":[{"name":"Catherine Kee","role":"Head of Media Relations"},{"name":"Amanda Tang","role":"Director of Investor Relations"}],"products":[],"companies":[{"name":"TMX Group Limited","ticker":"X","relationship":"filer"},{"name":"Toronto Stock Exchange","relationship":"regulator/exchange"}],"dollarAmounts":[{"amount":"$50.95","context":"average price of shares repurchased under current NCIB"}]},"materialImpact":{"score":2,"reasoning":"Routine expansion of a share repurchase program (NCIB) by a large-cap financial infrastructure company. The additional authorization represents ~2% of outstanding shares, which is a modest capital return signal but not a transformative event."},"tickerRelevance":{"others":[],"primary":"X"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap","eventGravity":"routine_capital_return","sectorWeight":"financials","householdBrandBoost":"low","marketCapAdjustment":"high"}},"event_type":"buyback","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"TMX Group announced that the TSX has approved an amendment to its normal course issuer bid, allowing the repurchase of up to 5.6 million additional common shares.\n\nThis increase represents approximately 2% of the 278.2 million shares outstanding as of February 20, 2026, expanding the original authorization of 2.8 million shares.\n\nAs of May 7, 2026, the company had already repurchased 2.795 million shares at an average price of $50.95 under the existing program, which will terminate on February 26, 2027.","key_figures":{"sharesOffered":5600000,"customDimensions":{"original_ncib_size":2800000,"daily_purchase_limit":155315,"average_repurchase_price":50.95,"total_outstanding_shares":278232220,"shares_already_repurchased":2795000}},"named_entities":{"people":[{"name":"Catherine Kee","role":"Head of Media Relations"},{"name":"Amanda Tang","role":"Director of Investor Relations"}],"products":[],"companies":[{"name":"TMX Group Limited","ticker":"X","relationship":"filer"},{"name":"Toronto Stock Exchange","relationship":"regulator/exchange"}],"dollarAmounts":[{"amount":"$50.95","context":"average price of shares repurchased under current NCIB"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-15T15:30:38.607Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"large-cap","eventGravity":"routine_capital_return","sectorWeight":"financials","householdBrandBoost":"low","marketCapAdjustment":"high"}},"durationMs":15190,"modelName":"george-droid-qwen-72b"}}