Canaccord Financial Inc: Canaccord Financial Inc. Discloses Share Dealings
CANACCORD FINANCIAL INC. DISCLOSES SHARE DEALINGS
TORONTO, Dec. 18, 2012 /CNW/ - Canaccord Financial Inc. (the "Company")
announces that as of December 17, 2012, the following independent directors
were granted Deferred Share Units ("DSUs") in respect of cash dividends paid by
the Company on its common shares since September 15, 2011. The number of
additional DSUs is calculated by multiplying the cash dividend per common share
by the number of DSUs in the director's account as of the date of record
divided by the fair market value of a common share on the payment date of the
A DSU is a book-keeping entry that tracks the value of one common share of the
Company. DSUs are paid out in cash when the director leaves the board of
directors of the Company but does not give any rights to receive common shares.
Name of Director Number of DSUs awarded
Charles Bralver 303.53
Massimo Carello 160.92
William Eeuwes 321.62
Michael Harris 707.32
Terrence Lyons 393.17
Canaccord Financial Inc. also informs that two previous share dispositions
related to the donation of Canaccord Financial Inc. shares by Daniel Daviau
were not accurately recorded when Mr. Daviau and the Company were first
required to report under the UKLA Disclosure and Transparency Rules in respect
of transactions by persons discharging managerial responsibilities. As a
correction, Mr. Daviau currently holds 1,494,381 common shares of the Company.
It was previously stated that he held 1,510,651 common shares of the Company.
Additionally, the Company informs that a previous share disposition by Matthew
Gaasenbeek was inaccurately recorded when Mr. Gaasenbeek and the Company were
first required to report under the UKLA Disclosure and Transparency Rules in
respect of transactions by persons discharging managerial responsibilities. As
a correction, Mr. Gaasenbeek currently holds 410,312 common shares of the
Company. It was previously stated that he held 409,792 shares of the company.
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 offices in 12 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, Italy, Hong Kong,
mainland China, Singapore, Australia and Barbados.
Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX and
the symbol CF. on the London Stock Exchange.
SOURCE: Canaccord Financial Inc.
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-0- Dec/18/2012 17:14 GMT
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