7th Jun 2012 07:00
Canaccord Financial Inc. Discloses Director's Dealings
TORONTO, June 7, 2012 /CNW/ - Canaccord Financial Inc. (the "Company") announces that restricted share units (RSUs) were granted on June 1, 2012, in lieu of cash compensation under the Company's Long Term Incentive Program, to David Kassie, Chairman of Canaccord Financial Inc.
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. Kassie are as follows:
Shares owned RSUs held RSUs granted RSUs Total Total as a% Director (excluding before on June 1, held (common of RSUs) grant 2012 after shares total CF grant + RSUs) issued David Kassie 3,434,259 25,198 77,530 102,728 3,536,987 3.47%
ABOUT CANACCORD FINANCIAL INC.:
Through its principal subsidiaries, Canaccord Financial Inc. is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets. Since its establishment in 1950, Canaccord has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. Canaccord has over 60 offices worldwide, including over 40 Wealth Management offices located across Canada, the UK and Europe. Canaccord Genuity, the Company's international capital markets division, has operations in Canada, the US, the UK, France, Germany, Ireland, Italy, China, Hong Kong, Singapore, Australia and Barbados.
For further information:
North America media:Scott DavidsonExecutive Vice President, Global Head of Corporate Development and StrategyPhone: 416-869-3875, email: [email protected] investor relations inquiries contact:Jamie KokoskaVice President, Investor Relations & CommunicationsPhone: 416-869-3891, email: [email protected] media:Bobby Morse or Ben RomneyBuchanan Communications (London)Phone: +44 (0) 207 466 5000, email: [email protected] Adviser and Joint Broker:Oliver Hearsey or Martin EalesRBC Europe LimitedPhone: +44 020 7653 4000, email: [email protected] Broker:Erick DiazKeefe, Bruyette & Woods LimitedPhone: +44 (0) 20 7663 3162, email: [email protected]
(CF.)
XLONRelated Shares:
CF..L