Canaccord Financial Inc. ("Canaccord") statement of intention not to make a firm offer for the entire share capital of The Evolution Group PLC ("Evolution")

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

This announcement is being made in accordance with Rule 2.8 of the Takeover Code. 

TORONTO, Sept. 8, 2011 /CNW/ - On August 16, 2011, Canaccord announced that it had held preliminary discussions with Evolution regarding a potential offer for the entire issued and to be issued share capital of Evolution.

Canaccord now announces that it will not proceed with an offer and will be bound by Rule 2.8 of the Takeover Code.

ABOUT CANACCORD FINANCIAL INC.:

Through its principal subsidiaries, Canaccord Financial Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets.  Since its establishment in 1950, Canaccord 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.  Canaccord has 46 offices worldwide, including 32 Wealth Management offices located across Canada.  Canaccord Genuity, the international capital markets division, operates in the U.S., the U.K., Canada, China and Barbados.

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.  Canaccord's Series A Preferred Shares are listed on the TSX under the symbol CF.PR.A.

Keefe, Bruyette & Woods, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively for Canaccord and no one else in connection with the potential offer and this announcement and will not be responsible to anyone other than Canaccord for providing the protections afforded to clients of Keefe, Bruyette & Woods nor for providing advice in connection with the Acquisition or any matter referred to herein.

Charles Stanley Securities, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively for Canaccord and no one else in connection with the potential offer and this announcement and will not be responsible to anyone other than Canaccord for providing the protections afforded to clients of Charles Stanley Securities nor for providing advice in connection with the Acquisition or any matter referred to herein.


SOURCE Canaccord Financial Inc.

For further information:

North America media:
Scott Davidson
Managing Director, Global Head of Marketing & Communications
Phone: 416-869-3875, email: scott.davidson@canaccord.com

For investor relations inquiries contact:
Jamie Kokoska
Manager, Investor Relations & Communications
Phone: 416-869-3891, email: jamie.kokoska@canaccord.com

London media:
Bobby Morse or Ben Romney
Buchanan Communications (London)
Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.com

Nominated Adviser and Joint Broker:
Marc Milmo or Carl Holmes
Charles Stanley Securities
Phone: +44 020 7149 6764, email: marc.milmo@csysecurities.com

Financial Adviser and Joint Broker:
Oliver Hearsey or Nick Triggs
Keefe, Bruyette & Woods Limited
Phone: +44 (0) 20 7663 5400, email: ohearsey@kbw.com

Profil de l'entreprise

Canaccord Financial Inc.

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