Canaccord Financial Inc. discloses transaction in own shares under normal course issuer bid/buy-back programme and total voting rights
TORONTO, July 3, 2013 /CNW/ - Canaccord Financial Inc. (the "Company")
(TSX: CF, LSE: CF.) wishes to announce that on June 27 and 28, 2013, it
purchased 46,168 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 13, 2012.
The highest and lowest daily average price paid for the purchased shares
was $5.8030 and $5.7791 per common share respectively and the volume
weighted average price per common share was $5.7821.
The Company has so far purchased 564,504 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.
For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules, the Company announces that as at June 30, 2013, the
total number of common shares in issue was 103,570,194 with each share
carrying the right to one vote. The 564,504 shares purchased in the
NCIB will be cancelled but until that happens are held in treasury. The
total of 103,005,690 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.
ABOUT CANACCORD FINANCIAL INC.:
Through its principal subsidiaries, Canaccord Financial Inc. is a
leading independent, full-service financial services firm, with
operations in two principal segments of the securities industry: wealth
management and global capital markets. Since its establishment in
1950, Canaccord 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. Canaccord has offices in 13 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,
Italy, Hong Kong, mainland China, Myanmar, Singapore, Australia and
Barbados.
Canaccord Financial Inc. is publicly traded under the symbol CF on the
TSX and the symbol CF. on the London Stock Exchange.
SOURCE: Canaccord Financial Inc.
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North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: 416-869-3875, email: scott.davidson@canaccord.com
For investor relations inquiries contact:
Andrea Sergautis
Manager, Investor Relations & Communications
Phone: 416-687-5507, email: andrea.sergautis@canaccord.com
London media:
Bobby Morse or Ben Romney
Buchanan (London)
Phone: +44 (0) 207 466 5000, email: bobbym@buchanan.uk.com
Broker:
Oliver Hearsey or James Kelly
RBC Europe Limited
Phone: +44 (0) 20 7653 4000, email: oliver.hearsey@rbccm.com
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