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, Jan. 3, 2014 /CNW/ - Canaccord Genuity Group Inc. (the "Company") (TSX: CF, LSE: CF.) wishes to announce that for the period from December 30, 2013, to December 31, 2013, it purchased 44,256 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 $6.9572 and $6.8494 per common share respectively and the volume weighted average price per common share was $6.8928.
The Company has so far purchased 1,694,248 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, 413,500 were cancelled effective as of December 31, 2013, 1,210,036 had been cancelled on or before November 30, 2013, and the remaining 70,712 will be held in treasury until they are cancelled within the next 60 days. In addition, 954 common shares were cancelled under the BGF Escrow Agreement entered into in connection with the acquisition of BGF Capital Group Pty Ltd.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company announces that as at December 31, 2013, the total number of common shares in issue was 101,818,941 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 11 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, 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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