TSX Trust Company today announced it scrutineered the first-ever totally virtual annual general and special meeting of a public company in Canada last month for Concordia International.
The TSX Trust, a subsidiary of the TMX Group, collaborated with Lumi to implement streaming technology for the purpose of reporting on attendance and tabulating votes of shareholders. TSX Trust authenticated and validated attendance and voting in real-time.
Loui Anastasopoulos, President, TSX Trust and Managing Director, TSX Company Services, TMX Group
“TSX Trust is extremely proud to be the first Canadian transfer agent to put the theory of virtual shareholder meetings into practice. As industry leaders, we are committed to being at the forefront with emerging technology and are confident by the certainty of voting results that our clients expect at all of their meetings.”
Concordia spokesperson Adam Peeler
“Concordia chose to modernize its annual general and special meeting this year with a cost-effective, live, two-way webcast to ensure that all shareholders, regardless of geographic location, had the opportunity to participate. TSX Trust and Lumi each played significant roles in ensuring a successful meeting.”
Simon Bryan, Managing Director, Americas, Lumi
“We were pleased to collaborate with TSX Trust to meet Concordia’s shareholder meeting needs. We recognize that there is an appetite and demand to shift to totally virtual meetings; the combination of TSX Trust’s shareholder meeting expertise and our technology capabilities was the perfect solution for Concordia and its shareholders."
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy.