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Canaccord Capital Inc. issues shares to Mr. Arpad Busson

3rd May 2007 07:00

Canaccord Capital Inc. issues shares to Mr. Arpad Busson

VANCOUVER, May 3 /CNW/ - At Canaccord's ("CCI" or the "Company") annual general meeting on August 4, 2006, a majority of the shareholders (excluding Mr. Busson and his affiliates and associates) approved the issue of 25,000 common shares of the Company to a director, Arpad A. Busson. These shares which were allotted and admitted to trading on AIM in August 2006 have now been issued to Mr. Busson. The issue price is $14.00 per share (paid in cash by Mr. Busson). After the issue of the shares, Mr. Busson holds 25,000 common shares in the Company, representing 0.05% of the issued common shares of the Company.

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 1,570 employees worldwide in 31 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, Barbados, and Chicago.

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; London Media: Bobby Morse or Ben Willey, Buchanan Communications (London), Phone: +44 (0) 207 466 5000, email: bobbym(at)buchanan.uk.com; For investor relations inquiries contact: Katherine Young, Vice President, Investor Relations, Phone: (604) 643-7013, email: katherine_young(at)canaccord.com; Nominated Adviser and broker: Ben Money-Coutts or Stephen Cheung, Bridgewell Limited (London), Phone: +44 (0) 207 003 3000, email: ben.money-coutts(at)bridgewell.co.uk (CCI.)

CANACCORD CAPITAL INC.

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