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Richardson Financial Group buying at GMP Capital (T:GMP)

Updated Monday Oct 26, 2020 04:34 AM EDT

Richardson Financial Group Limited, a 10% Holder, acquired 49,129,564 Common Shares on a direct ownership basis and 2,385,137 Common Shares on an indirect ownership basis for registered holder 1409480 Alberta Ltd. at a price of $2.420 through a prospectus or prospectus exempt offering on October 20th, 2020. This represents a $124,665,576 investment into the company's shares and an account share holdings change of greater than 100%.

GMP Capital is in the Investment Banking & Brokerage Services Sub Industry Group under the Financials Sector.

GMP Capital Inc. (GMP) is a Canada-based financial services firm. The Company operates through two business segments: Operations Clearing and Wealth Management, and a Corporate segment. The Operations Clearing provides carrying broker services to Richardson GMP and carrying broker services to Stifel Financial Corp.'s Canadian capital markets operations, including trade execution, clearing, settlement, custody, and certain other middle- and back-office services, and other expenses associated with providing such services. Wealth Management consists of GMP's non-controlling ownership interest in Richardson GMP Limited.

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1 year ago
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Go to Gmp Capital Inc. (GMP)'s company page

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