Osisko Mining Corp.: S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
09.06.2014 | CNW
Index Changes involving Osisko Mining Corp.
TORONTO, June 9, 2014 - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Osisko Mining Corp. (TSX:OSK) have agreed to the terms of a Plan of Arrangement with Yamana Gold Inc. (TSX:YRI) and Agnico Eagle Mines Ltd. (TSX:AEM). Osisko shareholders will receive, for each share held, the following consideration:
Osisko Gold Corp. will change its name to Osisko Gold Royalties Ltd. (TSX:OR) and it will remain in all the indices where it is currently a constituent. At the close before the effective date, the close price of Osisko Gold will be reduced by the sum of the following 3 amounts:
The newly-issued shares of Yamana Gold and Agnico Eagle Mines will be added to all indices where either of those two companies is currently a constituent. Note there will be no weight change for either Yamana Gold or Agnico Eagle Mines in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Equal Weight Global Gold, the S&P/TSX Composite High Beta or the S&P/TSX 60 130/30 Index. These index changes will be effective after the close of trading on Friday, June 13, 2014.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
Contact
Tony North, Director, Canadian Index Operations
S&P Dow Jones Indices
(+) 416 507 3204
tony.north@spdji.com
David Blitzer, Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com
TORONTO, June 9, 2014 - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Osisko Mining Corp. (TSX:OSK) have agreed to the terms of a Plan of Arrangement with Yamana Gold Inc. (TSX:YRI) and Agnico Eagle Mines Ltd. (TSX:AEM). Osisko shareholders will receive, for each share held, the following consideration:
- $CDN2.09 in cash
- 0.07264 shares of Agnico Eagle Mines
- 0.26471 shares of Yamana Gold
- One-tenth share of Osisko Gold Royalties Ltd.
Osisko Gold Corp. will change its name to Osisko Gold Royalties Ltd. (TSX:OR) and it will remain in all the indices where it is currently a constituent. At the close before the effective date, the close price of Osisko Gold will be reduced by the sum of the following 3 amounts:
- $2.09 (Canadian)
- 0.07264 times the close price of Agnico Eagle Mines
- 0.26471 times the close price of Yamana Gold
The newly-issued shares of Yamana Gold and Agnico Eagle Mines will be added to all indices where either of those two companies is currently a constituent. Note there will be no weight change for either Yamana Gold or Agnico Eagle Mines in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Equal Weight Global Gold, the S&P/TSX Composite High Beta or the S&P/TSX 60 130/30 Index. These index changes will be effective after the close of trading on Friday, June 13, 2014.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
Contact
Tony North, Director, Canadian Index Operations
S&P Dow Jones Indices
(+) 416 507 3204
tony.north@spdji.com
David Blitzer, Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+) 212 438 3907
david.blitzer@spdji.com