Canaccord Genuity Group Inc. discloses transaction in own shares under normal course issuer bid/buy-back programme, cancellation of shares and total voting rights
TORONTO, Oct. 1, 2013 /CNW/ - Canaccord Genuity Group Inc. (formerly called Canaccord Financial Inc.; the "Company") (TSX: CF, LSE: CF.) wishes to announce that for the period from September 23, 2013, to September 30, 2013, it purchased 85,000 of its common shares through the facilities of the TSX and alternative trading systems pursuant to the normal course issuer bid (NCIB)/buy-back programme announced on August 8, 2013.
The highest and lowest daily average price paid for the purchased shares was $6.8000 and $6.6419 per common share respectively and the volume weighted average price per common share was $6.7519.
The Company has so far purchased 437,456 common shares under the NCIB which authorizes it to purchase up to 5,136,948 of its common shares between August 13, 2013 and August 12, 2014. Of these shares, 293,956 were cancelled effective as of September 30, 2013, 85,800 had been cancelled on or before August 31, 2013, and the remaining 57,700 will be held in treasury until they are cancelled within the next 60 days.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company announces that as at September 30, 2013, the total number of common shares in issue was 102,352,758 with each share carrying the right to one vote. This total may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
ABOUT CANACCORD GENUITY GROUP INC.:
Through its principal subsidiaries, Canaccord Genuity Group Inc. (the "Company") is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has offices in 12 countries worldwide, including Wealth Management offices located in Canada, Australia, the UK and Europe. Canaccord Genuity, the international capital markets division, operates in Canada, the US, the UK, France, Germany, Ireland, Italy, Hong Kong, mainland China, Singapore, Australia and Barbados. To us there are no foreign markets.TM
Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on the London Stock Exchange.
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