Mr. Scott Davidson reports
CANACCORD GENUITY GROUP INC. DISCLOSES TRANSACTION IN OWN SHARES UNDER NORMAL COURSE ISSUER BID/BUY-BACK PROGRAMME, CANCELLATION OF SHARES AND TOTAL VOTING RIGHTS
For the period
from March 28, 2014, to March 31, 2014, Canaccord Genuity Group Inc. purchased 45,600 of its
common shares through the facilities of the Toronto Stock Exchange and alternative trading
systems pursuant to the normal course issuer bid (NCIB)/buyback
program announced on Aug. 8, 2013.
The highest and lowest daily average price paid for the purchased shares
was $8.1910 and $8.1699 per common share respectively and the volume-weighted average price per common share was $8.1788.
The company has so far purchased 2,370,104 common shares under the NCIB
which authorizes it to purchase up to 5,136,948 of its common shares
between Aug. 13, 2013, and Aug. 12, 2014. Of these shares, 4,200
were cancelled effective as of March 31, 2014; 2,320,304 had been
cancelled on or before Feb. 28, 2014; and the remaining 45,600 will
be held in treasury until they are cancelled within the next 60 days.
For the purposes of the financial conduct authority's disclosure and
transparency rules, as at March 31, 2014, the total number of common
shares in issue was 101,473,456 with each share carrying the right to
one vote. This total may 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.
Accounted for in this total number of common shares in issue is the
cancellation effective as of March 31, 2014, of 224,604 common shares.
Of these common shares, 4,200 are the common shares acquired under the
company's normal course issuer bid (NCIB) and an additional 220,404
were common shares acquired by wholly owned subsidiaries from former
employees in accordance with pre-existing contractual arrangements.
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