Canaccord Genuity Group Inc. Completes Substantial Issuer Bid
|Areas||Corporate Finance and Securities|
Goodmans LLP represented Canaccord Genuity Group Inc. (the “Company”) in connection with its substantial issuer bid (the “Bid”), pursuant to which the Company took up and purchased for cancellation 7,272,727 of its common Shares (the "Common Shares") at a purchase price of $5.50 per Common Share, for aggregate consideration of approximately $40 million. Common Shares purchased under the Bid represent approximately 6.28% of the issued and outstanding Common Shares on a non-diluted basis as at July 3, 2019, the time the Bid was announced. After giving effect to the Bid, 108,474,831 Common Shares will be issued and outstanding.