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
Canaccord Genuity Group Inc., for the period of Jan. 26, 2015, to Jan. 30, 2015, purchased 24,900 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, 2014.
The highest and lowest daily average price paid for the purchased shares was $6.6062 and $6.3344 per common share, respectively, and the volume-weighted average price per common share was $6.4789.
Also, effective as of Jan. 30, 2015, 104,600 common shares held in treasury from purchases pursuant to this NCIB/buyback program were cancelled.
The company has so far purchased 912,049 common shares under the NCIB, which authorizes it to purchase up to 5,100,049 of its common shares between Aug. 13, 2014, and Aug. 12, 2015. Of these shares, 897,149 have been cancelled and the remaining 14,900 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, the company announces that as at Jan. 31, 2015, the total number of common shares in issue was 101,779,237, 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.
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