7th Jul 2005 13:35
Notification of cancellation of common shares by Canaccord Capital Inc. VANCOUVER, July 7 /CNW/ - Pursuant to a normal course issuer bid byCanaccord Capital Inc. (CCI: TSX & AIM) which commenced on December 29, 2004,CCI purchased 13,000 common shares in CCI on June 30, 2005, and 3,500 commonshares in CCI on July 4, 2005. These common shares (16,500 in total) will becancelled effective the day of their purchase and have been cancelled fromtrading on the Toronto Stock Exchange ("TSX") and AIM. Normal Course Issuer Bid A normal course issuer bid is a purchase by a TSX listed company of itsown shares through the facilities of the TSX in accordance with its rules. The purchase of common shares under the normal course issuer bid enablesCCI to acquire common shares for resale to new employees, existing employees,and clients of CCI and CCI affiliates, and also to cancel common shares. The terms of the normal course issuer bid provide for up to 2,306,463 ofCCI's common shares to be purchased by CCI. Of this number CCI has purchasedfor resale or cancellation 239,048 common shares between December 29, 2004 andJuly 4, 2005. Therefore the number of remaining common shares that may bepurchased pursuant to the normal issuer bid is 2,067,415. Such purchases maycontinue until December 28, 2005 under the terms of the normal issuer bid. Theamount and timing of any such purchases will be determined by CCI. ABOUT CANACCORD CAPITAL INC.: Canaccord Capital Inc. is a leading independent full service investmentdealer, publicly traded on both the Toronto Stock Exchange and the AlternativeInvestment Market, a market operated by the London Stock Exchange. Canaccordhas operations in two of the principal segments of the securities industry:Private Client Services and Global Capital Markets. Together, these operationsoffer a wide range of complementary investment products, brokerage servicesand investment banking services to Canaccord's retail, institutional andcorporate clients. Canaccord has approximately 1,260 employees worldwide,including Investment Advisors located in 25 offices across Canada, and GlobalCapital Markets professionals based in Vancouver, Calgary, Toronto, Montreal,Chicago (US) and London (UK). For further information: Anthony Ostler, Senior Vice President,Investor Relations & Communications, Phone: (604) 643-7647, Email:anthony_ostler(at)canaccord.com; London: Bobby Morse, Charles Ryland, BuchananCommunications, Phone: +44 (0) 207 466 5000, Email: bobbym(at)buchanan.uk.com (CCI. CCI) ENDCANACCORD CAPITAL INC.Related Shares:
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