1st Dec 2008 07:00
Canaccord Capital Inc. discloses director's dealings
VANCOUVER, Dec. 1 /CNW/ - Canaccord Capital Inc. ("CCI" or the "Company") announces that 39,075 restricted share units (RSUs) have been granted, in lieu of cash compensation, under the Company's Long Term Incentive Plan (LTIP) to Paul Reynolds, President and CEO and a director of the Company.
Under the LTIP, compensation to participating employees is deferred and grants of RSUs, which vest over three years, are made. Participating employees receive RSUs as a component of their total compensation rather than pay-outs entirely in the form of cash payments.
In summary, the holdings related to Mr. Reynolds are as follows: ------------------------------------------------------------------------- Total as RSUs a % of Shares RSUs granted RSUs Total total CCI owned held as of held (common issued (excluding before November after shares common Director RSUs) grant 28 grant + RSUs) shares ------------------------------------------------------------------------- Paul D. Reynolds(x) 1,225,548 173,883 39,075 212,958 1,438,506 2.64% ------------------------------------------------------------------------- (x)The securities owned by Paul Reynolds include 1,102,041 shares held by the Reynolds Family Trust; the remainder of securities are held by Mr. Reynolds directly.
The LTIP is an initiative by Canaccord that was announced on June 7, 2007, and approved at the Company's annual general meeting on August 2, 2007.
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. 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: capital markets and private client services. 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 30 offices worldwide, 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: (416) 869-7292, 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 and Broker: Marc Milmo or Dugald J. Carlean, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207 663 6000, email: marc.milmo(at)fpk.com (CCI)
vendorRelated Shares:
CF..L