PR NewswireCanaccord Financial Inc. discloses normal course issuer bid/buy-back programmeTORONTO, Aug. 13, 2012 /CNW/ - Canaccord Financial Inc. (the "Company") (TSX:CF, LSE: CF.) wishes to announce the filing of a normal course issuer bid(NCIB)/buy-back programme to purchase common shares of the Company through thefacilities of the TSX. The Company has filed a notice for a normal courseissuer bid to provide for the ability to purchase, at the Company'sdiscretion, up to 3,000,000 of its common shares through the facilities of theTSX. The purpose of the purchase of common shares under the normal courseissuer bid is to enable the Company to acquire shares for cancellation. Theshares that may be repurchased represent 2.93% of the Company's outstandingcommon shares. As of August 8, 2012, there were 102,220,816 common shares ofthe Company issued and outstanding. The Company purchased 700,500 common sharesat a weighted average per share of $8.0851 under a normal course issuer bidwithin the past 12 months.Purchases under the normal course issuer bid are expected to be able tocommence on August 13, 2012, and will continue for one year (to August 12,2013). The amount and timing of any such purchases will be determined by theCompany. The maximum consideration will be the market price of the securitiesat the time of acquisition. All purchases will be subject to the Company'snormal trading blackouts and the availability of shares for purchase. In orderto comply with the trading rules of the TSX and the conditions for tradingunder the EU Buy-back and Stabilisation Regulation, the daily purchases arelimited to 40,468 common shares of the Company (which is the lesser of (a) 25%of the average daily trading volume of common shares of the Company on the TSXin the six calendar months from February 2012 to July 2012 and (b) 25% of theaverage daily trading volume of common shares of the Company on the TSX in themonth of July 2012). To fulfill its regulatory reporting requirements in Canadaand in the UK, Canaccord will issue a press release no later than the end ofthe seventh daily market session following the date of execution of thepurchases.ABOUT CANACCORD FINANCIAL INC.:Through its principal subsidiaries, Canaccord Financial Inc. is a leadingindependent, full-service financial services firm, with operations in twoprincipal segments of the securities industry: wealth management and globalcapital markets. Since its establishment in 1950, Canaccord has been driven byan unwavering commitment to building lasting client relationships. We achievethis by generating value for our individual, institutional and corporateclients through comprehensive investment solutions, brokerage services andinvestment banking services. Canaccord has 60 offices in 12 countriesworldwide, including over 40 Wealth Management offices located across Canada,the UK and Europe. Canaccord Genuity, the international capital marketsdivision, operates in Canada, the U.S., the U.K., France, Germany, Ireland,Italy, China, Hong Kong, Singapore, Australia and Barbados.Canaccord Financial Inc. is publicly traded under the symbol CF on the TSX andthe symbol CF. on the London Stock Exchange.SOURCE: Canaccord Financial Inc.For further information:North America media:Scott DavidsonExecutive Vice President, Global Head of Corporate Development and StrategyPhone: 416-869-3875, email: firstname.lastname@example.orgFor investor relations inquiries contact:Jamie KokoskaVice President, Investor Relations & CommunicationsPhone: 416-869-3891, email: email@example.comLondon media:Bobby Morse or Ben RomneyBuchanan Communications (London)Phone: +44 (0) 207 466 5000, email: firstname.lastname@example.orgJoint Broker:Oliver Hearsey or Martin EalesRBC Europe LimitedPhone: +44 (0) 20 7653 4000, email: email@example.comJoint Broker:Erick DiazKeefe, Bruyette & Woods LimitedPhone: +44 (0) 20 7663 3162, email: firstname.lastname@example.org(CF.CF)ENDThe content and accuracy of news releases published on this site and/ordistributed by PR Newswire or its partners are the sole responsibility of theoriginating company or organisation. Whilst every effort is made to ensure theaccuracy of our services, such releases are not actively monitored or reviewedby PR Newswire or its partners and under no circumstances shall PR Newswire orits partners be liable for any loss or damage resulting from the use of suchinformation. All information should be checked prior to publication.