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CANACCORD GENUITY GROUP INC. ANNOUNCES APPOINTMENT OF NEW DIRECTORS AND NEW SPECIAL COMMITTEE MEMBERS
CANACCORD GENUITY GROUP INC. ANNOUNCES APPOINTMENT OF NEW DIRECTORS AND NEW SPECIAL COMMITTEE MEM...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n CANACCORD GENUITY GROUP INC. ANNOUNCES APPOINTMENT OF NEW DIRECTORS AND NEW SPECIAL COMMITTEE MEMBERS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n No Impact on Management Group\n \n $11.25\n \n Bid\n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 20, 2023\n \n \n /CNW/ - Canaccord Genuity Group Inc. (TSX:CF) (the \"Company\") announced today that the board of directors of the Company (the \"Board\") has appointed\n \n Amy Freedman\n \n and\n \n Rod Phillips\n \n as independent directors to fill two of the vacancies created on the Board.\n \n Amy Freedman\n \n is a Partner at a Canadian boutique investment firm, and brings extensive experience in both capital markets and shareholder advisory matters, having previously spent a number of years advising boards and shareholders on strategic matters.\n \n Rod Phillips\n \n brings a wealth of knowledge in both the public and private sector, having previously served as the\n \n Ontario\n \n Minister of Finance, and the chairman of one of\n \n Canada's\n \n largest news media companies. Additional biographical information regarding\n \n Amy Freedman\n \n and\n \n Rod Phillips\n \n is set out below.\n \n \n With these changes, the Board is now comprised of seven (7) directors, of which five (5) are independent. The Corporate Governance and Compensation Committee will continue to review the director complement against the Company's skills matrix to guide the appointment of any additional directors.\n \n \n The independent members of the Board also passed a resolution to approve the appointment of\n \n Amy Freedman\n \n and\n \n Rod Phillips\n \n as new members of the Special Committee of independent directors that are evaluating and considering the take-over bid from certain members of the Company's management team (the \"Management Group\") to acquire all the common shares of the Company not already owned by the Management Group at a price of\n \n $11.25\n \n per share. Following such appointments, the Special Committee is now comprised of\n \n ...