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CANACCORD GENUITY GROUP INC. DISCLOSES NORMAL COURSE ISSUER BID
CANACCORD GENUITY GROUP INC. DISCLOSES NORMAL COURSE ISSUER BID Canada NewsWire ...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n\n\n\n CANACCORD GENUITY GROUP INC. DISCLOSES NORMAL COURSE ISSUER BID\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Aug. 19, 2024\n \n\n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") wishes to announce the filing of a normal course issuer bid (NCIB) to purchase common shares of the Company through the facilities of the TSX and on alternative Canadian trading systems in accordance with the requirements of the TSX. The Company has filed a notice for a normal course issuer bid to provide the choice of purchasing up to a maximum of 5,109,453 of its common shares through the facilities of the TSX or alternative Canadian trading systems. The purpose of the purchase of common shares under the normal course issuer bid is to enable the Company to acquire shares for cancellation, and any shares acquired will be cancelled. The shares that may be repurchased represent 5% of the Company's outstanding common shares. As of\n \n August 7, 2024\n \n , there were 102,189,077 common shares of the Company issued and outstanding.\n \n\n Purchases under the normal course issuer bid are at the discretion of the Company and are expected to be able to commence on\n \n August 21, 2024\n \n and can continue for one year (to\n \n August 20, 2025\n \n ). The maximum consideration will be the market price of the securities at the time of acquisition. Subject to the once per calendar week block purchase exemption, the daily purchases are limited to 30,336 common shares of the Company (which is 25% of the average daily trading volume (ADTV) of common shares of the Company on the TSX in the six calendar months from\n \n February 2024\n \n to\n \n July 2024\n \n of 121,347 common shares).\n \n\n The Company has entered into a pre-defined plan with a designated broker to allow for the repurchase of its common shares under this normal course issuer bid. The Company's broker may repurchase the common shares under the plan on any trading day during the normal course issuer bid, including during the Company's internal trading...