16th Feb 2011 14:56
CANACCORD FINANCIAL INC. DISCLOSES DIRECTORS' DEALINGS Sale of Canaccord shares
TORONTO, February 16, 2011 - Canaccord Financial Inc. was notified yesterday that Mark Maybank, Tim Hoare and Matthew Gaasenbeek, directors of the Company, completed sales of shares of the Company on February 15, 2011. Mark Maybank sold 70,000 shares at an average price of $15.2212; Tim Hoare sold 30,000 shares at an average price of $15.2212; and Matthew Gaasenbeek sold 35,000 shares at an average price of $15.1418. Mr. Maybank's and Mr. Hoare's shares were sold to cover tax obligations. All shares were sold through the facilities of the Toronto Stock Exchange.
In summary, the holdings related to Messrs. Maybank, Hoare and Gaasenbeek areas follows: Total Restricted Shares Total Total common shares Stock Options sold on common as % of total CF Director common shares Units owned February shares issued common shares owned prior owned 15, 2011 owned (as of February 21, to share sale 2011).* Mark G. 801,780 203,203 117,318 70,000 731,780 0.88% Maybank Timothy J. 1,048,831 138,571 117,318 30,000 1,018,831 1.23% D. Hoare Matthew 459,366 199,936 117,318 35,000 424,366 0.51% Gaasenbeek
*As previously disclosed on February 14, 2011, an application has been made for the admission of 213,257 shares to AIM on February 21, 2011. After the issuance of these shares, the Company will have 82,897,975 shares in issue.
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 41 offices worldwide, including 31 Wealth Management offices located across Canada. Canaccord Genuity, the international capital markets division, operates in the U.S., U.K., Canada, China and Barbados.
Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on AIM, a market operated by the London Stock Exchange.
FOR FURTHER INFORMATION CONTACT:
North America media:Scott Davidson
Managing Director, Global Head of Marketing & Communications
Phone: 416-869-3875, email: [email protected]
For investor relations inquiries contact:
Jamie KokoskaManager, Investor Relations & CommunicationsPhone: 416-869-3891, email: [email protected] London media:Bobby Morse or Ben Romney
Buchanan Communications (London)
Phone: +44 (0) 207 466 5000, email: [email protected]
Nominated Adviser and Joint Broker:
Marc Milmo or Carl Holmes
Charles Stanley Securities
Phone: +44 020 7149 6764, email: [email protected]
Joint Broker:Oliver Hearsey or Nick Triggs
Keefe, Bruyette & Woods Limited
Phone: +44 (0) 20 7663 5400, email: [email protected]
vendorRelated Shares:
CF..L