TORONTO, April 1, 2014 /CNW/ - Canaccord Genuity Group Inc. (the
"Company") (TSX: CF, LSE: CF.) wishes to announce that for the period
from March 28, 2014, to March 31, 2014, it purchased 45,600 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 $8.1910 and $8.1699 per common share respectively and the volume
weighted average price per common share was $8.1788.
The Company has so far purchased 2,370,104 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, 4,200
were cancelled effective as of March 31, 2014; 2,320,304 had been
cancelled on or before February 28, 2014; and the remaining 45,600 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, as at March 31, 2014, the total number of common
shares in issue was 101,473,456 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
Accounted for in this total number of common shares in issue is the
cancellation effective as of March 31, 2014, of 224,604 common shares.
Of these common shares, 4,200 are the common shares acquired under the
Company's normal course issuer bid (NCIB) and an additional 220,404
were common shares acquired by wholly-owned subsidiaries from former
employees in accordance with pre-existing contractual arrangements.
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.
SOURCE: Canaccord Genuity Group Inc.
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