Guardian Capital Group Limited

Guardian Capital Group Limited

September 28, 2005 14:56 ET

Guardian Capital Group Limited: Press Release

TORONTO, ONTARIO--(CCNMatthews - Sept. 28, 2005) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.NV) announced today that it intends to purchase by means of a Normal Course Issuer Bid, during the period from October 1, 2005 to September 30, 2006, up to 140,000 or 4.86% of its Common Shares, entitled to one vote per share, and up to 550,000 or 3.28% of its non-voting Class A Shares. These shares will be purchased at market prices, on the Toronto Stock Exchange. There are 2,879,499 Common Shares and 16,758,463 Class A Shares outstanding at September 27, 2005. Guardian intends to purchase the shares for cancellation because it believes that they are good value to Guardian at recent and current prices.

Under Guardian's previous Normal Course Issuer Bid, in effect during the period from October 1, 2004 to September 30, 2005, no Common Shares and 262,577 Class A Shares were purchased for cancellation by Guardian, at an average price of $19.65 per Class A Share. All of these shares were purchased prior to September 28, 2005.

Guardian has filed a Notice of Intention in this regard, with the Toronto Stock Exchange, which Notice has been accepted by the Exchange.

Contact Information

  • Guardian Capital Group Limited
    C. Verner Christensen
    (416) 947-4093
    Guardian Capital Group Limited
    Sam Greiss
    (416) 947-3743