TSX Trust Company (TSX Trust), a subsidiary of TMX Group, 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 Corp. (TSX:CXR).
TSX Trust collaborated with Lumi, a global leader in shareholder meeting technology, 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.
"TSX Trust is extremely proud to be the first Canadian transfer agent to put the theory of virtual shareholder meetings into practice," said Loui Anastasopoulos, President, TSX Trust and Managing Director, TSX Company Services, TMX Group. "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 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," said Concordia spokesperson Adam Peeler. "TSX Trust and Lumi each played significant roles in ensuring a successful meeting."
"We were pleased to collaborate with TSX Trust to meet Concordia's shareholder meeting needs," said Simon Bryan, Managing Director, Americas, Lumi. "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."
Please visit TSX Trust's virtual meeting services page for more information.
