TORONTO, Dec. 16, 2014 /CNW/ - GMP Capital Inc. (GMP) (TSX: GMP) today announced that for the period of November 1, 2014 to December 15, 2014, it purchased for cancellation 1,518,990 of its common shares through the facilities of the Toronto Stock Exchange and alternative trading systems pursuant to its normal course issuer bid announced on May 1, 2014 (NCIB). The volume-weighted average price per common share was $5.99.
Under the NCIB, GMP is authorized to purchase for cancellation up to 5,495,970 of its common shares between April 30, 2014 and April 29, 2015. No purchases occurred in the period prior to November 1, 2014.
ABOUT GMP CAPITAL INC.
GMP is a leading independent diversified financial services firm headquartered in Toronto, Canada, providing a wide range of financial products and services to a global client base that includes corporate clients, institutional investors and high-net-worth individuals in two integrated reporting segments. The Capital Markets segment provides investment banking, including advisory and underwriting services, institutional sales and trading and research through offices located in Toronto, Montreal, Calgary, New York, Houston, Stamford, Miami, Dallas, London, Perth and Sydney. The Capital Markets segment conducts its business through the following operating entities: GMP Securities L.P., GMP Securities, LLC, Griffiths McBurney Corp., GMP Securities Europe LLP and GMP Securities Australia Pty Limited. Wealth Management consists of GMP's non-controlling ownership interest in Richardson GMP Limited and the investment management products offered by CQI Capital Management L.P. Richardson GMP Limited is Canada's largest independent wealth management firm focused on providing exclusive and comprehensive wealth management and investment services delivered by an experienced team of investment professionals. GMP is listed on the Toronto Stock Exchange under the symbol "GMP". For further information, please visit our corporate website at gmpcapital.com.
SOURCE: GMP Capital Inc.
For further information: Rocco Colella, Director, Investor Relations, 145 King Street West, Suite 300, Toronto, Ontario M5H 1J8, Tel: (416) 941-0894; Fax: (416) 943-6175, [email protected] or [email protected]