TORONTO, Nov. 26,
2024 /CNW/ - Canaccord Genuity Group Inc. (TSX:
CF) (the "Company provides an update to its shareholders regarding
a recent media report.
The Company's policy is that it does not comment on specific
rumours or speculation. However, due to the publication of an
article from a UK-based financial media outlet containing
information credited to anonymous sources not known to the Company,
we believe that a communication is warranted.
The Company wishes to confirm that there is no plan to sell its
wealth management business the UK & Crown Dependencies and that
it continues to have a productive working relationship with its
strategic and financial partner. We are proud of the value that all
our wealth management businesses have created and are fully
committed to their continued growth.
The Company regularly explores opportunities to strengthen the
value of its business and has been an active acquiror in all
geographies where it has operations. We routinely engage with
external advisors to assess market conditions and opportunities
across our global business.
All shareholders and prospective investors are encouraged to
rely solely on information provided by the Company in its ongoing
disclosures, which are available on the Company website and on
SEDAR+.
The Company further notes that this statement is an exception to
its policy of not commenting on market rumours, and that in the
future it will adhere to this policy. Canaccord Genuity does not
plan to provide further comment unless it is determined that
further disclosure is necessary or appropriate.
ABOUT CANACCORD GENUITY GROUP INC.
Through its principal subsidiaries, Canaccord Genuity Group Inc.
(the "Company") is a leading independent, full-service financial
services firm, with operations in two principal segments of the
securities industry: wealth management and capital markets. Since
its establishment in 1950, the Company has been driven by an
unwavering commitment to building lasting client relationships. We
achieve this by generating value for our individual, institutional
and corporate clients through comprehensive investment solutions,
brokerage services and investment banking services. The Company has
wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of
Man and Australia. The Company's
international capital markets division operates in North America, UK & Europe, Asia,
and Australia.
Canaccord Genuity Group Inc. is publicly traded under the symbol
CF on the TSX.
www.cgf.com/investor-relations
SOURCE Canaccord Genuity Group Inc.