Canaccord Financial Inc. discloses directors' dealings
02 Dezembro 2009 - 1:07PM
UK Regulatory
TIDMCCI
Canaccord Financial Inc. discloses directors' dealings
VANCOUVER, Dec. 2 /CNW/ - Canaccord Financial Inc. ("CF" or the
"Company") announces that the following restricted share units (RSUs) were
granted on November 30, 2009, in lieu of cash compensation, under the
Company's Long Term Incentive Plan (LTIP) to the following directors:
- 3,097 RSUs to Paul Reynolds
- 3,097 RSUs to Timothy Hoare
Under the LTIP, compensation to participating employees is deferred and
grants of RSUs, which vest over three years, are made. Participating employees
receive RSUs as a component of their total compensation rather than pay-outs
entirely in the form of cash payments.
In summary, the holdings related to Messrs. Reynolds and Hoare are as
follows:
-------------------------------------------------------------------------
Total
as a
% of
RSUs Total total
Shares owned RSUs granted RSUs (common CF
(excluding held on held shares issued
RSUs and before Nov. 30, after + RSUs common
Director options) grant 2009 grant + options) shares
-------------------------------------------------------------------------
Paul D. Reynolds 737,245 273,109 3,097 279,206 1,133,769 2.05%
-------------------------------------------------------------------------
Timothy J. D.
Hoare 956,392 177,772 3,097 180,869 1,254,579 2.26%
-------------------------------------------------------------------------
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 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 through comprehensive investment solutions, brokerage
services and investment banking services for our individual, institutional and
corporate clients. Canaccord has 37 offices worldwide, including 29 Wealth
Management offices located across Canada. Canaccord Adams, the international
capital markets division, operates in the U.S., U.K., Canada and Barbados.
Canaccord Financial Inc. is publicly traded on both the Toronto Stock
Exchange and AIM, a market operated by the London Stock Exchange. The company
currently trades as CCI. Beginning December 4, 2009, Canaccord Financial Inc.
will trade as CF on the TSX and CF. on AIM.
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: Joy Fenney, Vice President, Investor Relations & Communications,
Phone: (416) 869-3515, email: joy.fenney(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 Jonny Franklin-Adams, Fox-Pitt, Kelton Limited, Phone: +44 (0) 207
663 6000, email: marc.milmo(at)fpk.com
(CF. CCI)
END
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