TORONTO, March 1, 2022 - S&P Dow Jones Indices announces the following changes to the S&P/TSX Composite Index:
The shareholders of
Newcrest Mining Ltd. (TSX: NCM) and
Pretium Resources Inc. (TSX: PVG) have agreed to the terms of a Plan of Arrangement resulting in the combination of the two companies. Each share of Pretium Resources will be exchanged for 0.8084 shares of Newcrest Mining or C$18.50 cash subject to proration to ensure aggregate cash and Newcrest share consideration each represent 50% of total transaction consideration.
Pretium Resources will be removed from the S&P/TSX Composite Index prior to the open of trading on March 9, 2022.
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