4th Sep 2007 07:00
Canaccord Capital Inc. discloses director's dealings
Canaccord shares reserved under the Long Term Incentive Plan
VANCOUVER, Sept. 4 /CNW/ - Canaccord Capital Inc. (the "Company") announces restricted share units (RSUs) in lieu of cash compensation were awarded under our Long Term Incentive Plan (LTIP) to three directors of the Company: Paul D. Reynolds, who received 52,276 RSUs, Mark G. Maybank, who received 27,388 RSUs and Tim J. Hoare, who received 25,208 RSUs. This award is the first regular quarterly award under the LTIP.
On full vesting of all RSUs, Mr. Reynolds will receive a total of 52,276 common shares. These shares taken with the holdings of the Reynolds Family Trust of 1,102,041 shares total 1,154,317 common shares, representing 2.41% issued common shares of the Company. (Mr. Reynolds is one of the beneficiaries of the Reynolds Family Trust.) Mr. Maybank will receive a total 87,097 RSUs and will own a total of 360,320 shares, representing 0.75% issued common shares of the Company. Mr. Hoare will receive a total of 25,208 common shares and will own a total of 885,656 common shares, representing 1.85% of the issued common shares of the Company.
The LTIP is a new initiative by Canaccord that was announced on June 7, 2007, and approved at the Company's annual general meeting on August 2, 2007. Under the LTIP, compensation to participating employees is deferred and awards of RSUs, which vest over three years, are made.
ABOUT CANACCORD CAPITAL INC.:
Through its principal subsidiaries, Canaccord Capital Inc. is a leading independent, full-service investment dealer in Canada with capital markets operations in the United Kingdom and the United States of America. Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange. Canaccord has operations in two of the principal segments of the securities industry: private client services and capital markets. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients. Canaccord has approximately 1,673 employees worldwide in 30 offices, including 23 Private Client Services offices located across Canada. Canaccord Adams, the international capital markets division, has operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco, Houston and Barbados.
For further information: North America Media: Scott Davidson, Managing Director, Global Head of Marketing & Communications, Phone: (416) 869-3875, email: scott_davidson(at)canaccord.com; For investor relations inquiries contact: Katherine Young, Vice President, Investor Relations, Phone: (604) 643-7013, email: katherine_young(at)canaccord.com; London Media: Bobby Morse or Ben Willey, Buchanan Communications (London), Phone: +44 (0) 207 466 5000, email: bobbym(at)buchanan.uk.com; Nominated Adviser: Ben Money-Coutts, Landsbanki Securities (UK) Limited, Phone: +44 (0) 207 426 9586, email: Ben.Money-Coutts(at)landsbanki.com (CCI. CCI)
CANACCORD CAPITAL INC.Related Shares:
CF..L