Directors' Dealings and Issuance of Shares

 
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: [phone], 
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: [phone], 
email: bobbym(at)buchanan.uk.com; Nominated Adviser and Broker: Marc Milmo or 
Dugald J. Carlean, Fox-Pitt, Kelton Limited, Phone:  [phone], 
email: marc.milmo(at)fpk.com 
(CCI. CCI) 
 
 
 
 
 
END