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. have agreed to the
terms of a plan of arrangement with Yamana Gold Inc. and
Agnico Eagle Mines Ltd. Osisko shareholders will receive,
for each share held, the following consideration:
- $2.09 in cash;
- 0.07264 share of Agnico Eagle Mines;
- 0.26471 share of Yamana Gold;
- One-10th share of Osisko Gold Royalties Ltd.
Osisko Gold Corp. will change its name to Osisko Gold Royalties 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 three amounts:
- $2.09;
-
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 and the S&P/TSX 60 130/30 indices. These index
changes will be effective after the close of trading on Friday, June
13, 2014.
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