Directors' Dealings and Issuance of Shares
February 16 2009 - 2:00AM
UK Regulatory
TIDMCCI
Canaccord Capital Inc. Discloses Directors' Dealings and Issuance of Shares
VANCOUVER, Feb. 16 /CNW/ - Canaccord Capital Inc. ("CCI" or the
"Company") announces the vesting of Restricted Share Units ("RSUs") that were
acquired by Paul Reynolds, Mark Maybank and Tim Hoare through the Long Term
Incentive Plan ("LTIP") in lieu of cash compensation in February 2008 and the
issuance of 62,870 shares.
On February 13, 2009, a total of 181,235 RSUs vested in respect of the
LTIP awards which were made in February 2008 in lieu of cash compensation for
the quarter ended December 31, 2007 (Q3/08). Of these RSUs, Paul Reynolds held
12,088 RSUs; Tim Hoare held 8,460 RSUs; and Mark Maybank held 5,799 RSUs. They
will therefore respectively acquire 12,088, 8,460 and 5,799 common shares in
the Company by transfer from the employee benefit trust which had previously
acquired these shares on the open market (in the case of Mr. Maybank) and by
issue from treasury (in the case of Messrs. Reynolds and Hoare).
For employees in the United States and the United Kingdom (principally
employees of Canaccord Adams Inc. and Canaccord Adams Limited), the shares to
be issued on the vesting of the awards are issued from treasury. Therefore, in
respect of the RSUs which vested on February 13, 2009, a total of 62,870
Common shares of the Company will be issued and application has been made for
their admission to AIM on February 19, 2009. Following the issue of these
common shares, Canaccord Capital Inc. will have 55,315,214 common shares in
issue.
In summary, after the vesting of RSUs, the holdings related to Messrs.
Reynolds, Hoare and Maybank are as follows:
-------------------------------------------------------------------------
Shares Net RSU Common
owned Previously Previously RSUs balance shares
excluding granted vested vested as of acquired,
Director RSUs RSUs RSUs Feb. 13 Feb. 13 Feb. 13
-------------------------------------------------------------------------
Paul D.
Reynolds 1,225,548(x) 236,465 23,507 12,088 200,870 12,088
-------------------------------------------------------------------------
Timothy J.
D. Hoare 896,233 180,501 10,775 8,460 161,266 8,460
-------------------------------------------------------------------------
Mark G.
Maybank 506,051 400,933 32,828 5,799 362,306 5,799
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Total Total as a
(common % of total
shares CCI issued
Director + RSUs) common shares
-------------------------------------------------------------------------
Paul D.
Reynolds 1,438,506 2.60%
-------------------------------------------------------------------------
Timothy J.
D. Hoare 1,065,949 1.93%
-------------------------------------------------------------------------
Mark G.
Maybank 874,156 1.58%
-------------------------------------------------------------------------
(x) The securities owned by Paul Reynolds include 1,102,041 shares held
by The Reynolds Family Trust; the remainder of the securities are
held by Mr. Reynolds directly.
The LTIP is an initiative by Canaccord that was announced on June 7,
2007, and approved at the Company's annual general meeting on August 2, 2007.
ABOUT CANACCORD CAPITAL INC.:
Through its principal subsidiaries, Canaccord Capital Inc. (TSX & AIM:
CCI) is a leading independent, full-service investment dealer in Canada with
capital markets operations in the United Kingdom and the United States.
Canaccord is publicly traded on both the Toronto Stock Exchange and AIM, a
market operated by the London Stock Exchange. Canaccord has operations in two
of the principal segments of the securities industry: capital markets and
private client services. Together, these operations offer a wide range of
complementary investment products, brokerage services and investment banking
services to Canaccord's private, institutional and corporate clients.
Canaccord has 30 offices worldwide, including 23 Private Client Services
offices located across Canada. Canaccord Adams, the international capital
markets division, has operations in Toronto, London, Boston, Vancouver, New
York, Calgary, Montreal, San Francisco, Houston, and Barbados.
For further information: North America Media: Scott Davidson, Managing
Director, Global Head of Marketing & Communications, Phone: (416) 869-3875,
email: scott_davidson(at)canaccord.com; For investor relations inquiries
contact: Katherine Young, Vice President, Investor Relations, Phone: (416)
869-7292, email: katherine_young(at)canaccord.com; London Media: Bobby Morse
or Ben Willey, Buchanan Communications (London), Phone: +44 (0) 207 466 5000,
email: bobbym(at)buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo or
Dugald J. Carlean, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207 663 6000,
email: marc.milmo(at)fpk.com
(CCI. CCI)
END
Canaccord (LSE:CCI)
Historical Stock Chart
From May 2024 to Jun 2024
Canaccord (LSE:CCI)
Historical Stock Chart
From Jun 2023 to Jun 2024