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.
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