GMP Capital Provides Supplemental Information

TORONTO, April 27, 2018 /CNW/ - GMP Capital Inc. (GMP) (TSX:GMP) issues supplemental and clarifying disclosure to its Management Information Circular dated March 23, 2018 (Information Circular) relating to shareholder approval of all unallocated options (Options), rights and other entitlements under GMP's common share option plan (Option Plan) to be obtained at the annual and special meeting of common shareholders being held on May 3, 2018 (the Meeting). Specifically, the supplemental and clarifying disclosure to page 8 of the Information Circular is as follows:

• Based on 78,176,271 Common Shares being issued and outstanding as at December 31, 2017, the number of common share options (Options) that may be issued under the Option Plan is currently limited to 7,817,627 of which 2,649,125 Options are outstanding (approximately 3.4% of the Common Shares currently issued and outstanding), leaving 5,168,502 unallocated Common Shares available for future Option grants (approximately 6.6% of the Common Shares currently issued and outstanding). The total number of Common Shares that have been issued pursuant to the Option Plan since inception is 664,795 (approximately 0.9% of the Common Shares currently issued and outstanding).
  
  
• The annual burn rate, as described in Section 613(d) of the TSX Company Manual (Burn Rate), under the Option Plan was 0.0% in fiscal 2015, 0.0% in fiscal 2016, and 0.1% in fiscal 2017. The Burn Rate is calculated by dividing the number of options granted under the Option Plan during the relevant fiscal year by the weighted average number of securities outstanding for the applicable fiscal year, as described in Section 613(p) of the TSX Company Manual.
  
  
• If the resolution approving all unallocated Options, rights and other entitlements under GMP's Option Plan is passed by shareholders at the Meeting, the Option Plan will continue in force and all unallocated Options, rights or other entitlements under the Option Plan will be approved and GMP will have the ability to continue granting Options until May 3, 2021 being the date that is three years from the date the unallocated Options, rights or other entitlements under the Option Plan were last approved by shareholders on May 3, 2018.

ABOUT GMP CAPITAL INC.

GMP is a leading independent diversified financial services firm headquartered in Toronto, Canada, providing a wide range of financial products and services to a global client base that includes corporate clients, institutional investors and high-net-worth individuals in two integrated reporting segments. The Capital Markets segment provides investment banking, including advisory and underwriting services, institutional sales and trading and research through offices in Canada, the United States, the United Kingdom and The Bahamas. Wealth Management consists of GMP's non-controlling ownership interest in Richardson GMP Limited. Richardson GMP Limited, Canada's largest independent wealth management firm, is focused on providing exclusive and comprehensive wealth management and investment services delivered by an experienced team of investment professionals. GMP is listed on the Toronto Stock Exchange under the symbol "GMP". For further information, please visit our corporate website at gmpcapital.com.

SOURCE GMP Capital Inc.

Rocco Colella, Director, Investor Relations, 145 King Street West, Suite 300, Toronto, Ontario, M5H 1J8, Tel: [phone]; Fax: [phone], [email protected] or [email protected]

Related Links

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