TORONTO, June 3, 2013 /CNW/ - Canaccord Financial Inc. (the "Company",TSX: CF, LSE: CF.) wishes to announce that during the week of May 27, 2013, it purchased 133,868 of its common shares through the facilities of the TSX and alternative trading systems in accordance with the requirements of the TSX, pursuant to the normal course issuer bid (NCIB)/buy-back programme announced on August 8, 2012.
The highest and lowest price paid for the purchased shares was $6.0475 and $6.1273 per common share respectively and the volume weighted average price per common share was $6.0904.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the Company announces that as at May 31, 2013, the total number of common shares in issue was 103,544,268 with each share carrying the right to one vote. The 133,868 shares purchased in the NCIB will be cancelled but until then are held in treasury. The total of 103,410,400 common shares 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.
The Company has so far purchased 133,868 common shares under the existing NCIB which authorizes it to purchase up to 3,000,000 of its common shares between August 13, 2012 and August 12, 2013.
SOURCE: Canaccord Financial Inc.
For further information:
North America media:
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: [email protected]
For investor relations inquiries contact:
Vice President, Investor Relations & Communications
Phone: 416-869-3891, email: [email protected]
Bobby Morse or Ben Romney
Phone: +44 (0) 207 466 5000, email: [email protected]
Oliver Hearsey or James Kelly
RBC Europe Limited
Phone: +44 (0) 20 7653 4000, email: [email protected]