Canaccord Financial Inc. Discloses Share Dealings

Canaccord Financial Inc - Canaccord Financial Inc. Discloses Share Dealings

PR Newswire

London, December 18

CANACCORD FINANCIAL INC. DISCLOSES SHARE DEALINGS

TORONTO, Dec. 18, 2012 /CNW/ - Canaccord Financial Inc. (the "Company")announces that as of December 17, 2012, the following independent directorswere granted Deferred Share Units ("DSUs") in respect of cash dividends paid bythe Company on its common shares since September 15, 2011. The number ofadditional DSUs is calculated by multiplying the cash dividend per common shareby the number of DSUs in the director's account as of the date of recorddivided by the fair market value of a common share on the payment date of thedividend.

A DSU is a book-keeping entry that tracks the value of one common share of theCompany. DSUs are paid out in cash when the director leaves the board ofdirectors of the Company but does not give any rights to receive common shares.

Canaccord Financial Inc. also informs that two previous share dispositionsrelated to the donation of Canaccord Financial Inc. shares by Daniel Daviauwere not accurately recorded when Mr. Daviau and the Company were firstrequired to report under the UKLA Disclosure and Transparency Rules in respectof transactions by persons discharging managerial responsibilities. As acorrection, Mr. Daviau currently holds 1,494,381 common shares of the Company. It was previously stated that he held 1,510,651 common shares of the Company.

Additionally, the Company informs that a previous share disposition by MatthewGaasenbeek was inaccurately recorded when Mr. Gaasenbeek and the Company werefirst required to report under the UKLA Disclosure and Transparency Rules inrespect of transactions by persons discharging managerial responsibilities. Asa correction, Mr. Gaasenbeek currently holds 410,312 common shares of theCompany. It was previously stated that he held 409,792 shares of the company.

ABOUT CANACCORD FINANCIAL INC.:Through its principal subsidiaries, Canaccord Financial Inc. is a leadingindependent, full-service financial services firm, with operations in twoprincipal segments of the securities industry: wealth management and globalcapital markets. Since its establishment in 1950, Canaccord has been driven byan unwavering commitment to building lasting client relationships. We achievethis by generating value for our individual, institutional and corporateclients through comprehensive investment solutions, brokerage services andinvestment banking services. Canaccord has offices in 12 countries worldwide,including Wealth Management offices located in Canada, Australia, the UK andEurope. Canaccord Genuity, the international capital markets division,operates in Canada, the US, the UK, France, Germany, Ireland, Italy, Hong Kong,mainland China, Singapore, Australia and Barbados.

Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX andthe symbol CF. on the London Stock Exchange.

SOURCE: Canaccord Financial Inc.

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(CF CF.)