Guardian Capital Group Limited

Guardian Capital Group Limited

April 20, 2007 15:21 ET

Guardian Capital Group Limited: Press Release

TORONTO, ONTARIO--(CCNMatthews - April 20, 2007) - Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) announced today that it has increased the maximum number of its non-voting Class A Shares that it intends to purchase under its current Normal Course Issuer Bid from 676,545 Class A Shares to 1,376,545 Class A Shares. The 1,376,545 Class A Shares represent 4.1% of the currently issued Class A Shares (and 4.1% of the issued Class A Shares as of September 27, 2006).

Guardian's current Normal Course Issuer Bid to purchase 676,545 Class A Shares and 111,900 Common Shares through the facilities of the Toronto Stock Exchange commenced on October 2, 2006. To date, Guardian has purchased 601,800 Class A Shares at an average price of $12.28 per share and no Common Shares.

Guardian intends to purchase Class A Shares and Common Shares for cancellation pursuant to its Normal Course Issuer Bid because it believes that they are good value to Guardian Capital Group Limited at recent and current prices.

Contact Information

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