Canaccord Genuity Group Inc. discloses transaction in own shares under normal course issuer bid/buy-back programme, cancellation of shares and total voting rights

TORONTO, April 1, 2014 /CNW/ - Canaccord Genuity Group Inc. (the "Company") (TSX: CF, LSE: CF.) wishes to announce that for the period from March 28, 2014, to March 31, 2014, it purchased 45,600 of its common shares through the facilities of the TSX and alternative trading systems pursuant to the normal course issuer bid (NCIB)/buy-back programme announced on August 8, 2013.

The highest and lowest daily average price paid for the purchased shares was $8.1910 and $8.1699 per common share respectively and the volume weighted average price per common share was $8.1788.

The Company has so far purchased 2,370,104 common shares under the NCIB which authorizes it to purchase up to 5,136,948 of its common shares between August 13, 2013 and August 12, 2014. Of these shares, 4,200 were cancelled effective as of March 31, 2014; 2,320,304 had been cancelled on or before February 28, 2014; and the remaining 45,600 will be held in treasury until they are cancelled within the next 60 days.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, as at March 31, 2014, the total number of common shares in issue was 101,473,456 with each share carrying the right to one vote. This total may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Accounted for in this total number of common shares in issue is the cancellation effective as of March 31, 2014, of 224,604 common shares. Of these common shares, 4,200 are the common shares acquired under the Company's normal course issuer bid (NCIB) and an additional 220,404 were common shares acquired by wholly-owned subsidiaries from former employees in accordance with pre-existing contractual arrangements.

ABOUT CANACCORD GENUITY GROUP INC.:

Through its principal subsidiaries, Canaccord Genuity Group Inc. (the "Company") is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets.  Since its establishment in 1950, the Company 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.  The Company has offices in 11 countries worldwide, including Wealth Management offices located in Canada, Australia, the UK and Europe.  Canaccord Genuity, the international capital markets division, operates in Canada, the US, the UK, France, Germany, Ireland, Hong Kong, mainland China, Singapore, Australia and Barbados.  To us there are no foreign markets.^TM

Canaccord Genuity Group Inc. is publicly traded under the symbol CF on the TSX and the symbol CF. on the London Stock Exchange.

SOURCE: Canaccord Genuity Group Inc.

North America media:
Scott Davidson
Executive Vice President, Global Head of Corporate Development and Strategy
Phone: [phone], email: [email protected] 

London media:
Bobby Morse or Ben Romney
Buchanan (London)
Phone: [phone], email: [email protected] 

Broker:
Oliver Hearsey
RBC Europe Limited
Phone: [phone], email: [email protected]