10th Aug 2006 14:35
Canaccord Capital Inc. discloses significant shareholders' dealings Manulife sells Canaccord shares VANCOUVER, Aug. 10 /CNW/ - Canaccord Capital Inc. (TSX & AIM: CCI)announces that The Manufacturers Life Insurance Company, a significantshareholder of the company, sold on August 9, 2006, through the facilities ofthe Toronto Stock Exchange, 2,000,000 common shares in the company. The2,000,000 share block was crossed at a price of $18.10 per share. As a result,Manulife now holds 2,943,369 common shares in the company, representing 6.15%of the issued common shares. William Eeuwes, Vice President of Manulife Capital and a director ofCanaccord Capital Inc. commented, "We are delighted by the shareholder valuePeter Brown and his management team has created, since our investment in 2002.Manulife Capital's decision to sell two million shares today was driven by aneed to rebalance its portfolio." ABOUT CANACCORD CAPITAL INC.: Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM:CCI) is a leading independent full service investment dealer in Canada withcapital markets operations in the United Kingdom and the United States ofAmerica. Canaccord is publicly traded on both the Toronto Stock Exchange andAIM, a market operated by the London Stock Exchange. Canaccord has operationsin two of the principal segments of the securities industry: private clientservices and capital markets. Together, these operations offer a wide range ofcomplementary investment products, brokerage services and investment bankingservices to Canaccord's private, institutional and corporate clients.Canaccord has approximately 1,530 employees worldwide in 31 offices, including25 Private Client Services offices located across Canada. Canaccord Adams, theinternational capital markets division, has operations in Toronto, London,Boston, Vancouver, New York, Calgary, Montreal, San Francisco and Houston.For further information: North America Media: Scott Davidson, ManagingDirector, Global Head of Marketing & Communications, Phone: (416) 869-3875,email: [email protected]; London Media: Bobby Morse or BenWilley, Buchanan Communications (London), Phone: +44-(0)-207-466-5000, email:[email protected]; For investor relations inquiries contact KatherineYoung, Vice President, Investor Relations, Phone: (604) 643-7013, email:[email protected](CCI) ENDCANACCORD CAPITAL INC.Related Shares:
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