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Canaccord Genuity Group Inc. Discloses NCIB

11th Aug 2014 07:00

Canaccord Genuity Group Inc - Canaccord Genuity Group Inc. Discloses NCIB

Canaccord Genuity Group Inc - Canaccord Genuity Group Inc. Discloses NCIB

PR Newswire

London, August 8

CANACCORD GENUITY GROUP INC. DISCLOSES NORMAL COURSE ISSUER BID/BUY-BACK PROGRAMME TORONTO, August 8, 2014 - Canaccord Genuity Group Inc. (the "Company") (TSX:CF, LSE: CF.) wishes to announce the filing of a normal course issuer bid(NCIB)/buy-back programme to purchase common shares of the Company through thefacilities of the TSX and on alternative trading systems in accordance with therequirements of the TSX. The Company has filed a notice for a normal courseissuer bid to provide the choice of purchasing up to a maximum of 5,100,049 ofits common shares through the facilities of the TSX. The purpose of thepurchase of common shares under the normal course issuer bid is to enable theCompany to acquire shares for cancellation. The shares that may be repurchasedrepresent 5.0% of the Company's outstanding common shares. As of July 31, 2014,there were 102,000,988 common shares of the Company issued and outstanding. TheCompany purchased 2,634,304 common shares at a weighted average price per shareof $6.7546 under the normal course issuer bid which commenced on August 13,2013 and ends on August 12, 2014. The Company has also entered into a pre-defined plan with a designated brokerto allow for the repurchase of its common shares under this normal courseissuer bid. The Company's broker may repurchase the common shares under theplan on any trading during the normal course issuer bid, including during theCompany's internal trading blackout periods. The plan has been reviewed by theToronto Stock Exchange and will terminate on the earlier of the termination ofthe 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 tocommence on August 13, 2014, and will continue for one year (to August 12,2015). The maximum consideration will be the market price of the securities atthe time of acquisition. In order to comply with the trading rules of the TSXand the conditions for trading under the EU Buy-back and StabilisationRegulation, the daily purchases are limited to 77,383 common shares of theCompany (which is the lesser of (a) 25% of the average daily trading volume ofcommon shares of the Company on the TSX in the six calendar months fromFebruary 2014 to July 2014 and (b) 25% of the average daily trading volume ofcommon shares of the Company on the TSX in the month of July 2014). To fulfillits regulatory reporting requirements in Canada and in the UK, Canaccord willissue a press release no later than the end of the seventh daily market sessionfollowing the date of execution of the purchases. ABOUT CANACCORD GENUITY GROUP INC.: Through its principal subsidiaries, Canaccord Genuity Group Inc. (the"Company") is a leading independent, full-service financial services firm, withoperations in two principal segments of the securities industry: wealthmanagement and capital markets. Since its establishment in 1950, the Companyhas been driven by an unwavering commitment to building lasting clientrelationships. We achieve this by generating value for our individual,institutional and corporate clients through comprehensive investment solutions,brokerage services and investment banking services. The Company has offices in10 countries worldwide, including Wealth Management offices located in Canada,Australia, the UK and Europe. Canaccord Genuity, the international capitalmarkets division, operates in Canada, the US, the UK, France, Germany, Ireland,Hong Kong, China, Singapore, Australia and Barbados. To us there are noforeign markets.TM Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSXand the symbol CF. on the London Stock Exchange. (CF. CF) FOR FURTHER INFORMATION CONTACT: North America media: Scott Davidson Executive Vice President, Global Head of Corporate Development and Strategy Phone: 416-869-3875, email: [email protected] For investor relations inquiries contact: Christina MarinoffVice President, Investor Relations & CommunicationsPhone: 416-687-5507, email: [email protected] London media: Robert Morgan or Nicola Ratchford Stockwell Phone: +44 (0) 20 7240 2486, email: [email protected];[email protected] Broker: Oliver Hearsey RBC Europe Limited

Phone: +44 (0) 20 7653 4000, email: [email protected]


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