Latest news with #RichardCarleton
Yahoo
22-05-2025
- Business
- Yahoo
Urbana Corporation Congratulates the Canadian Securities Exchange on its Acquisition of the National Stock Exchange of Australia
/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICESOR FOR DISSEMINATION IN THE U.S./ TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation ("Urbana" or the 'Corporation') (TSX and CSE: URB, URB.A) congratulates CSNX Markets Inc. ('CSE') on its entering into an agreement with the NSX Limited ('NSX') to acquire the NSX, owner of the National Stock Exchange of Australia ('NSXA') in an all-cash transaction (the 'Transaction'). This acquisition will enable the CSE to expand its geographic footprint by partnering with an exchange that has a similar focus and culture. Like the CSE, the NSXA is primarily focused on early stage, entrepreneurial companies, with particular strength in the resource sector. The NSXA is positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago. 'This transaction enables the CSE to expand its reach and builds on our success in attracting global listings,' said Richard Carleton, CEO of the CSE. 'Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia.' The transaction is subject to the approval of the CSE shareholders, the NSX shareholders, the Australian court, and the Australian Securities and Investments Commission. On the assumption that the transaction is approved, it is expected to close in the third quarter of 2025. Urbana is a major shareholder of CNSX Markets Inc., which operates the CSE. About Urbana Urbana Corporation is a diversified corporation with a focus on financial services, information services and innovative technologies. The long-term goal of Urbana is to seek and acquire investments for income and capital appreciation through a combination of public and private investments. The portfolio mix of actively managed publicly traded securities with private equity investments has generated significant long-term investment results. For more information, visit For further information contact:Elizabeth NaumovskiInvestor Relations(416) 595-9106 enaumovski@ Certain statements in this news release constitute 'forward-looking' statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Urbana to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Unless required by applicable securities law, Urbana does not assume any obligation to update these forward-looking in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
21-05-2025
- Business
- The Market Online
The CSE looks Down Under for first acquisition
The Canadian Securities Exchange (CSE) on Monday announced an agreement to acquire NSX Limited (ASX:NSX), owner of the National Stock Exchange of Australia (NSXA), in an all-cash deal valued at AUD$16 million or AUD$0.035 per share The NSXA listed on the Australian Stock Exchange in 2005 and currently hosts over 45 securities Consideration represents a 59-per-cent premium to NSX's closing price on May 16, 2025 The Canadian Securities Exchange (CSE) on Monday announced an agreement to acquire NSX Limited (ASX:NSX), owner of the National Stock Exchange of Australia (NSXA), in an all-cash deal valued at AUD$16 million or AUD$0.035 per share. The NSXA, formed in 1937 as the Newcastle Stock Exchange, listed on the Australian Stock Exchange in 2005 and currently hosts over 45 securities. The exchange holds a Tier 1 market operator license for the listing and trading of equity securities, corporate debt and miscellaneous investment scheme units. The acquisition, the first in CSE history, allows it to expand its reach through an exchange that shares its focus on early-stage companies, concentrated in the resource sector, that is 'positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago,' according to Monday's news release. Consideration represents a 59-per-cent premium to NSX's closing price on May 16, 2025, and will see the CSE pick up the remaining 95.2 per cent of ordinary shares following a 4.8 per cent investment announced on May 7. The transaction is expected to close in Q3 2025, subject to the approval of shareholders from both companies, the Australian court and the Australian Securities and Investments Commission. Leadership insights 'This transaction enables the CSE to expand its reach and builds on our success in attracting global listings,' Richard Carleton, the CSE's chief executive officer (CEO), said in a statement. 'Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia.' 'This transaction is exciting for issuers and investors,' Carleton added. 'Both countries have highly developed capital markets with many common features, including a unique infrastructure that supports pre-revenue companies in the public markets. We look to build on the success of the CSE in Canada and help to provide competing exchange market services to Australian issuers and investors. We will create a collaborative environment where both exchanges can investigate inter-listing solutions for clients.' 'The CSE's acquisition will provide NSX with financial strength and operational stability and bring global expertise to local exchange activities,' commented Max Cunningham, the NSXA's managing director and CEO. 'That is great news for participants and competition in Australia's capital markets. The Canadian experience demonstrates that one exchange size does not fit all. Issuers and investors in Australia are keen to see a dynamic alternative to the larger, legacy incumbent. A stronger balance sheet enables NSX to expand our product offering, sharpen our customer focus and provide Australian companies, brokers and investors liquid, reliable and well-regulated services. We believe in a strong, accountable and transparent regulatory environment underpinned by rules rather than opaque 'precedent-based' decision-making around waivers and other governance matters.' About the Canadian Securities Exchange The Canadian Securities Exchange is a growing exchange proving access to public capital markets in Canada. Join the discussion: Find out what everybody's saying about the CSE's new acquisition on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
18-05-2025
- Business
- Yahoo
Canadian Securities Exchange to Acquire National Stock Exchange of Australia
Highlights: The Canadian Securities Exchange ("CSE") and NSX Limited ("NSX"), have entered into an agreement that will see the CSE acquire NSX, owner of the National Stock Exchange of Australia ("NSXA") in an all-cash transaction valued at AUD$0.035 per fully paid ordinary share The NSXA is positioned to provide listings, trading and market information services, focusing on Australia's dynamic early-stage capital community The CSE leverages its success in Canada supporting small companies to pursue international growth Under its experienced management team and investment and support from the CSE, the NSXA is positioned to disrupt the exchange landscape in Australia for the benefit of issuers and investors Toronto, Ontario and Sydney, New South Wales--(Newsfile Corp. - May 18, 2025) - The Canadian Securities Exchange today announced that it has entered into an agreement with NSX Limited (ASX: NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share. The price represents a 59% premium to the closing price of NSX's ordinary shares on May 16, 2025, the last day of trading prior to this announcement. Under the Scheme, CSE will acquire approximately 95.2% of the ordinary shares, having acquired approximately 4.8% of the ordinary shares in NSX on May 7, 2025. This acquisition enables the CSE to expand its geographic footprint by partnering with an exchange that has a similar focus and culture. Like the CSE, the NSXA is primarily focused on early stage, entrepreneurial companies, with particular strength in the resource sector. The NSXA is positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago. The NSXA will continue to be operated locally by its management team, each member having deep expertise in the exchange space. With the support being provided by the CSE, the NSXA will be better able to offer a credible and service-oriented alternative for the capital formation and liquidity needs of emerging companies in Australia and beyond. "This transaction enables the CSE to expand its reach and builds on our success in attracting global listings," said Richard Carleton, CEO of the CSE. "Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia." "This transaction is exciting for issuers and investors," added Mr. Carleton. "Both countries have highly developed capital markets with many common features, including a unique infrastructure that supports pre-revenue companies in the public markets. We look to build on the success of the CSE in Canada and help to provide competing exchange market services to Australian issuers and investors. We will create a collaborative environment where both exchanges can investigate inter-listing solutions for clients." Under its management team led by Max Cunningham, Managing Director and Chief Executive Officer, the NSXA is positioned to replicate the CSE's success and become a competitive force in Australian capital formation. "The CSE's acquisition will provide NSX with financial strength and operational stability, and bring global expertise to local exchange activities," said Mr. Cunningham. "That is great news for participants and competition in Australia's capital markets." "The Canadian experience demonstrates that one exchange size does not fit all," added Mr. Cunningham. "Issuers and investors in Australia are keen to see a dynamic alternative to the larger, legacy incumbent. A stronger balance sheet enables NSX to expand our product offering, sharpen our customer focus, and provide Australian companies, brokers and investors liquid, reliable and well-regulated services. We believe in a strong, accountable and transparent regulatory environment underpinned by rules rather than opaque 'precedent-based' decision-making around waivers and other governance matters." The CSE Board has recommended that CSE shareholders vote in favour of the Scheme. The agreement with NSX contains customary deal protections, including a break fee payable to CSE in certain circumstances, as well as exclusivity covenants on the part of NSX. The Scheme is also subject to the approval of NSX shareholders, the Australian court, and the Australian Securities and Investments Commission. On the assumption that the transaction is approved, it is expected to close in the third quarter of 2025. About the Canadian Securities Exchange: The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity. Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision. The CSE offers global investors access to an innovative collection of growing and mature companies. About NSXA: The National Stock Exchange of Australia, a wholly owned subsidiary of NSX Limited, was formed in 1937 as the Newcastle Stock Exchange. It listed on ASX in 2005, the same year it acquired the Bendigo Stock Exchange, and changed its name to the National Stock Exchange of Australia in 2006. It relocated its headquarters and operations to Sydney in 2016. NSX has a Tier 1 market operator licence for the listing and trading of equity securities, corporate debt and miscellaneous investment scheme units. Contact:Mary Anne PalangioChief Financial OfficerCanadian Securities Exchange416-572-2000PR@ FORWARD-LOOKING STATEMENTS This press release contains certain "forward‐looking statements" under applicable securities legislation which include statements with respect to the Acquisition and its anticipated effects; the parties' ability to complete the Acquisition and the timing thereof, the ability to satisfy closing conditions, and receipt of required shareholder and court approvals among others. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. These risks and uncertainties include, without limitation, the possibility that the Acquisition will not be completed on the terms and conditions or on the contemplated timing, and that it may not be completed at all due to a failure to satisfy closing conditions or for other reasons. Actual results may therefore differ materially from those anticipated in the forward-looking statements. CSE does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Business
- Yahoo
Canadian Securities Exchange to Acquire National Stock Exchange of Australia
Highlights: The Canadian Securities Exchange ("CSE") and NSX Limited ("NSX"), have entered into an agreement that will see the CSE acquire NSX, owner of the National Stock Exchange of Australia ("NSXA") in an all-cash transaction valued at AUD$0.035 per fully paid ordinary share The NSXA is positioned to provide listings, trading and market information services, focusing on Australia's dynamic early-stage capital community The CSE leverages its success in Canada supporting small companies to pursue international growth Under its experienced management team and investment and support from the CSE, the NSXA is positioned to disrupt the exchange landscape in Australia for the benefit of issuers and investors Toronto, Ontario and Sydney, New South Wales--(Newsfile Corp. - May 18, 2025) - The Canadian Securities Exchange today announced that it has entered into an agreement with NSX Limited (ASX: NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share. The price represents a 59% premium to the closing price of NSX's ordinary shares on May 16, 2025, the last day of trading prior to this announcement. Under the Scheme, CSE will acquire approximately 95.2% of the ordinary shares, having acquired approximately 4.8% of the ordinary shares in NSX on May 7, 2025. This acquisition enables the CSE to expand its geographic footprint by partnering with an exchange that has a similar focus and culture. Like the CSE, the NSXA is primarily focused on early stage, entrepreneurial companies, with particular strength in the resource sector. The NSXA is positioned to disrupt a market currently dominated by an incumbent, legacy exchange, as the CSE was over 20 years ago. The NSXA will continue to be operated locally by its management team, each member having deep expertise in the exchange space. With the support being provided by the CSE, the NSXA will be better able to offer a credible and service-oriented alternative for the capital formation and liquidity needs of emerging companies in Australia and beyond. "This transaction enables the CSE to expand its reach and builds on our success in attracting global listings," said Richard Carleton, CEO of the CSE. "Through our 21-year history, the CSE has grown to more than 750 listings by focusing on and supporting entrepreneurial companies. The NSXA, working with us, is poised to execute a similar plan in Australia." "This transaction is exciting for issuers and investors," added Mr. Carleton. "Both countries have highly developed capital markets with many common features, including a unique infrastructure that supports pre-revenue companies in the public markets. We look to build on the success of the CSE in Canada and help to provide competing exchange market services to Australian issuers and investors. We will create a collaborative environment where both exchanges can investigate inter-listing solutions for clients." Under its management team led by Max Cunningham, Managing Director and Chief Executive Officer, the NSXA is positioned to replicate the CSE's success and become a competitive force in Australian capital formation. "The CSE's acquisition will provide NSX with financial strength and operational stability, and bring global expertise to local exchange activities," said Mr. Cunningham. "That is great news for participants and competition in Australia's capital markets." "The Canadian experience demonstrates that one exchange size does not fit all," added Mr. Cunningham. "Issuers and investors in Australia are keen to see a dynamic alternative to the larger, legacy incumbent. A stronger balance sheet enables NSX to expand our product offering, sharpen our customer focus, and provide Australian companies, brokers and investors liquid, reliable and well-regulated services. We believe in a strong, accountable and transparent regulatory environment underpinned by rules rather than opaque 'precedent-based' decision-making around waivers and other governance matters." The CSE Board has recommended that CSE shareholders vote in favour of the Scheme. The agreement with NSX contains customary deal protections, including a break fee payable to CSE in certain circumstances, as well as exclusivity covenants on the part of NSX. The Scheme is also subject to the approval of NSX shareholders, the Australian court, and the Australian Securities and Investments Commission. On the assumption that the transaction is approved, it is expected to close in the third quarter of 2025. About the Canadian Securities Exchange: The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity. Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision. The CSE offers global investors access to an innovative collection of growing and mature companies. About NSXA: The National Stock Exchange of Australia, a wholly owned subsidiary of NSX Limited, was formed in 1937 as the Newcastle Stock Exchange. It listed on ASX in 2005, the same year it acquired the Bendigo Stock Exchange, and changed its name to the National Stock Exchange of Australia in 2006. It relocated its headquarters and operations to Sydney in 2016. NSX has a Tier 1 market operator licence for the listing and trading of equity securities, corporate debt and miscellaneous investment scheme units. Contact:Mary Anne PalangioChief Financial OfficerCanadian Securities Exchange416-572-2000PR@ FORWARD-LOOKING STATEMENTS This press release contains certain "forward‐looking statements" under applicable securities legislation which include statements with respect to the Acquisition and its anticipated effects; the parties' ability to complete the Acquisition and the timing thereof, the ability to satisfy closing conditions, and receipt of required shareholder and court approvals among others. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. These risks and uncertainties include, without limitation, the possibility that the Acquisition will not be completed on the terms and conditions or on the contemplated timing, and that it may not be completed at all due to a failure to satisfy closing conditions or for other reasons. Actual results may therefore differ materially from those anticipated in the forward-looking statements. CSE does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-04-2025
- Business
- Yahoo
Canadian Securities Exchange Listings Now Eligible for Trading on Interactive Brokers Platform
Toronto, Ontario--(Newsfile Corp. - April 8, 2025) - The Canadian Securities Exchange ("CSE" or "the Exchange") is pleased to announce that all of its listed securities are now eligible for trading on the Interactive Brokers ("IBKR") global platform. IBKR is an award-winning, low-cost, automated electronic broker with approximately 3.6 million client accounts and nearly 3.5 million daily average revenue trades. "This is a major development for all stakeholders associated with the Canadian Securities Exchange," said Richard Carleton, CEO of the CSE. "Our issuers and investors stand to benefit from the reach of the Interactive Brokers platform. Our securities are now more easily accessible to a global investor base that has shown itself to be keenly interested in the Canadian markets. Access to the IBKR platform will increase liquidity, enhance price discovery, and support capital formation activities by CSE issuer companies. I have already spoken to a number of our issuers about this development, and they are extremely excited about the potential benefits." "I want to personally thank the team at Interactive Brokers Canada for adding CSE securities to their platform in response to strong customer demand," Mr. Carleton continued. "This milestone underlines the growth and success of the CSE and our commitment to support the expanding objectives of our issuers and investors." "Interactive Brokers offers access to over 160 markets worldwide, competitive pricing, and advanced trading technology," said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. "The addition of CSE listed securities expands our broad range of investment products, empowering clients to further diversify their portfolios, and underscores our continued commitment to supporting investor access to Canadian markets." About the Canadian Securities Exchange: The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology, and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity. Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision. The CSE offers global investors access to an innovative collection of growing and mature companies. STAY CONNECTED WITH THE CSE ============================= Website: CSE TV on YouTube: CSE's "The Exchange for Entrepreneurs™" Podcast: Linkedin: Instagram: Facebook: Contact:Richard Carleton, CEO 416-367-7360 To view the source version of this press release, please visit Sign in to access your portfolio
