06:16:51 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 113,511,468
Close 2017-08-10 C$ 4.99
Market Cap C$ 566,422,225
Recent Sedar Documents

Canaccord Genuity to buy back up to 5.67 million shares

2017-08-11 11:01 ET - News Release

Ms. Christina Marinoff reports

CANACCORD GENUITY GROUP INC. DISCLOSES NORMAL COURSE ISSUER BID

Canaccord Genuity Group Inc. has filed a normal course issuer bid (NCIB) to purchase common shares of the company through the facilities of the Toronto Stock Exchange and on alternative trading systems in accordance with the requirements of the TSX. The company has filed a notice for a normal course issuer bid to provide the choice of purchasing up to a maximum of 5,675,573 of its common shares through the facilities of the TSX or alternative trading systems. The purpose of the purchase of common shares under the normal course issuer bid is to enable the company to acquire shares for cancellation, and any shares acquired will be cancelled. The shares that may be repurchased represent 5 per cent of the company's outstanding common shares. As of July 31, 2017, there were 113,511,468 common shares of the company issued and outstanding. The company purchased 99,800 common shares at a weighted average per share of $3.591 under the normal course issuer bid which commenced on Aug. 15, 2016.

The company has also entered into a predefined plan with a designated broker to allow for the repurchase of its common shares under this normal course issuer bid. Subject to limits provided by the company, the company's broker may repurchase the common shares under the plan on any trading during the normal course issuer bid, including during the company's internal trading blackout periods. The plan has been reviewed by the TSX and will terminate on the earlier of the termination of the plan by the company in accordance with its terms and the expiry of the bid.

Purchases under the normal course issuer bid are expected to be able to commence on Aug. 15, 2017. The NCIB will terminate on Aug. 14, 2018. The maximum consideration will be the market price of the securities at the time of acquisition. Subject to the once-per-calendar-week block purchase exemption, the daily purchases are limited to 54,968 common shares of the company (which are 25 per cent of the average daily trading volume of common shares of the company on the TSX in the six calendar months from February, 2017, to July, 2017 (25 per cent of the average daily trading volume of 219,871)).

About Canaccord Genuity Group Inc.

Through its principal subsidiaries, Canaccord Genuity Group is a leading independent full-service financial services firm with operations in two principal segments of the securities industry: wealth management and capital markets.

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