Canaccord Financial Inc. discloses directors' dealings

 
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: [phone], 
email: scott.davidson(at)canaccord.com; For investor relations inquiries 
contact: Joy Fenney, Vice President, Investor Relations & Communications, 
Phone: [phone], email: joy.fenney(at)canaccord.com; London Media: Bobby 
Morse or Ben Willey, Buchanan Communications (London), Phone: [phone] 
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