GCG Guardian Capital Group Ltd

Guardian Capital Group Limited ("Guardian") (TSX:GCG)(TSX:GCG.A) announced today
that it intends to purchase by means of a Normal Course Issuer Bid, during the
period from November 20, 2012 to November 19, 2013, up to 99,035 or 2% of its
outstanding Common Shares, entitled to one vote per share, and up to 2,173,865
or 10% of its Public Float of non-voting Class A Shares ("Class A Shares").
These shares will be purchased at market prices, on the Toronto Stock Exchange
and other Canadian marketplaces. There were 4,951,748 Common Shares and
28,224,519 Class A Shares outstanding at November 12, 2012. Guardian intends to
purchase the shares for cancellation because it believes that, from time to
time, the shares are undervalued at prevailing market prices, based on
Guardian's earnings and prospects and accordingly, Guardian is of the opinion
that the purchase of shares is an appropriate use of corporate funds to increase
shareholder value.


In the last 12 months under its previous Normal Course Issuer Bid, in effect
during the period from November 18, 2011 to November 17, 2012, Guardian
purchased for cancellation no Common Shares and 667,700 Class A Shares, at an
average price of $9.56 per Class A Share. All of these shares were purchased
prior to October 31, 2012.


The average daily trading volume for Guardian's shares on the Toronto Stock
Exchange during the period of May 1, 2012 to October 31, 2012, excluding
purchases made by Guardian under its previous Normal Course Issuer Bid during
the same period, was as follows: Common Shares - 3,487 shares; and Class A
Shares - 23,969 shares. Except as otherwise permitted by the Toronto Stock
Exchange, daily purchases under the bid will be limited to 1,000 Common Shares
and 5,992 Class A Shares, other than block purchase exceptions.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guardian Capital Group Limited
C. Verner Christensen
(416) 947-4093


Guardian Capital Group Limited
George Mavroudis
(416) 364-8341

Guardian Capital (TSX:GCG)
Historical Stock Chart
From Jun 2024 to Jul 2024

Guardian Capital (TSX:GCG)
Historical Stock Chart
From Jul 2023 to Jul 2024