TORONTO, Sept. 1, 2015 /CNW/ - Canaccord Genuity Group Inc. (the
"Company") (TSX: CF, LSE: CF.) wishes to announce that for the period
of August 24, 2015, to August 31, 2015, it purchased 26,000 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 10, 2015.
The highest and lowest daily average price paid for the purchased shares
was $5.9894 and $5.3876 per common share respectively and the volume
weighted average price per common share was $5.6640.
The Company purchased 1,075,432 common shares under the NCIB which
authorized it to purchase up to 5,100,049 of its common shares between
August 13, 2014 and August 12, 2015. The Company has so far purchased
128,567 common shares under the renewed NCIB/buy-back programme which
authorizes it to purchase up to 5,163,736 of its common shares between
August 13, 2015 and August 12, 2016. Of the shares purchased under both
NCIBs, 259,550 common shares were cancelled effective as of August 31,
2015, and therefore (taken with shares previously cancelled) all but
11,000 have been cancelled; these 11,000 shares will be held in
treasury until they are cancelled within the next 60 days.
In addition, the Company holds in its treasury 718,675 common shares
acquired by wholly-owned subsidiaries from employees or former
employees in accordance with pre-existing contractual arrangements.
For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company announces that, as at August 31, 2015,
the total number of common shares in issue was 103,070,869. The Company
is not entitled to vote the shares held in treasury but the common
shares otherwise each carry the right to one vote. The figure
102,341,194 (the difference of the total number of common shares in
issue less the number of shares held in treasury) may therefore 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 10
countries worldwide, including Wealth Management offices located in
Canada, Australia, the UK, Guernsey, Jersey, and the Isle of Man.
Canaccord Genuity, the international capital markets division, operates
in Canada, the US, the UK, France, Ireland, Hong Kong, 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.
Image with caption: "Canaccord Genuity Group Inc. (CNW Group/Canaccord Genuity Group Inc.)". Image available at: http://photos.newswire.ca/images/download/20150901_C9641_PHOTO_EN_44190.jpg
For further information:
North America media:
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: firstname.lastname@example.org
For investor relations inquiries contact:
Vice President, Investor Relations & Communications
Phone: 416-687-5507, email: email@example.com
Phone: +44 (0) 20 7240 2486, email: firstname.lastname@example.org
RBC Europe Limited
Phone: +44 (0) 20 7653 4000, email: email@example.com
Simon Hardy or Alex Collins
Jefferies International Limited
Phone: +44 (0) 20 7029 8000, email: firstname.lastname@example.org;