HAMILTON, BERMUDA, March 7, 2023 /CNW/ – Skky Capital Corporation Limited, an affected shareholder (the “Concerned Shareholder“) of Canaccord Genuity Group Inc. CF (“Canaccord” or the “Pursue“), has today the board (the “plank“) of the Company to convene a shareholders’ meeting (the “Meet“), at the latest instead May 10, 2023with the main purpose of re-forming the board by removing each of them Gillian H Denham, Charles N. Bralver, Dipesh J ShahAnd Sally J Tennant and the election of two new independent directors (the “Nominee Shareholders“). The newly constituted board will consist of seven (7) directors, including nominees of the concerned shareholder, Terence Lyons And Lars Rodert.

The concerned shareholder believes that for several months minority shareholders of the company have expressed their objections to the strategic direction being pursued by the Board of Directors, which led to the establishment of the Special Committee of the Board of Directors (the “special committee“) doesn’t support it $11.25 Tender offer per share made by the management of the Company (the “management group“). The Special Committee was unresponsive to shareholders and as such we have lost confidence in the Special Committee and the Board as it is currently constituted. In addition to a pattern of decisions not aligned with shareholders’ interests, the Investment Bank Special Committee, Barclays Capital Canada Inc., in February 2023, months after first becoming acquainted with the management group’s proposal and several weeks after the start of formal negotiations. It has been reported that the investment bank’s mandate includes exploring strategic alternatives, including the phased divestiture of business units, which could result in the current general offer for the company being abandoned and also likely to prevent superior offers. Selling all assets in a single transaction to a single buyer (like the Management Group) provides transaction security at an attractive valuation. It is…