Toronto, October 3, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) announced today that it has completed the previously announced acquisition of FirstEnergy Capital Corp. (FirstEnergy), an industry leader in the global energy sector with nearly a quarter century of transactional expertise. The combination of GMP and FirstEnergy creates a premier franchise in the global energy and Canadian independent brokerage spaces.
• Optimally positioned as a premier franchise in the independent brokerage space
• GMP’s combined energy businesses will operate under the GMP FirstEnergy brand
• GMP expands its Executive Committee
GMP CAPITAL INC. REPORTS SECOND QUARTER 2016 RESULTS
GENERATED PRE-TAX EARNINGS OF $0.3 MILLION ON REVENUE OF $41.5 MILLION
GMP CAPITAL INC. TO ACQUIRE FIRSTENERGY CAPITAL
• Enhances GMP’s positioning in Canadian energy and the independent brokerage space
• Combined energy businesses will be rebranded “GMP FirstEnergy” and continue to be headquartered in Calgary
• Key members of FirstEnergy’s management team will join GMP’s Executive Committee
TORONTO, ON. (July 6, 2016) – GMP Capital Inc. (GMP) (TSX: GMP) will release its second quarter 2016 financial results on Friday, August 5, 2016. Second quarter 2016 results are expected to be released at approximately 6:00 a.m. (EST).
TORONTO, ON. (April 29, 2016) – GMP Capital Inc. (GMP) (TSX:GMP) today announced that the nominees listed in the Management Information Circular dated March 21, 2016, were elected as directors of GMP. The detailed results of the vote for the election of directors held at GMP’s Annual Meeting of Common Shareholders (the Meeting) on Thursday, April 28, 2016, in Toronto, Ontario, are set out below.
Toronto, April 28, 2016 - GMP Capital Inc. (GMP) (TSX: GMP) today reported revenue of $45.9 million in first quarter 2016, down 14% compared with the same period a year ago. GMP recorded a net loss of $3.6 million and a diluted loss per share of $0.08 in first quarter 2016, compared with a net loss of $8.9 million and diluted loss per share of $0.14 in first quarter 2015. On an adjusted basis1, the first quarter 2016 net loss was $2.9 million and diluted loss per share was $0.07.
For further information about GMP Capital Inc., our results for first quarter 2016 and the meaning of certain references, this earnings release should be read in conjunction with our unaudited interim condensed consolidated financial statements as at and for the three months ended March 31, 2016 (First Quarter 2016 Financial Statements), and our management's discussion and analysis for the three months ended March 31, 2016 (First Quarter 2016 MD&A), which can be accessed on our website at gmpcapital.com and on SEDAR at sedar.com. Unless otherwise indicated, all dollar amounts are expressed in Canadian dollars and have been taken from our First Quarter 2016 Financial Statements prepared in accordance with International Financial Reporting Standards (IFRS).
TORONTO, ON. (April 5, 2016) – GMP Capital Inc. (GMP) (TSX:GMP) will release its first quarter 2016 financial results and hold its annual meeting of common shareholders (Annual Meeting) on Thursday, April 28, 2016. First quarter results are expected to be released at approximately 6:00 a.m. (EST).
TORONTO, ON (March 16, 2016) – GMP Capital Inc. (the Corporation) (TSX: GMP, GMP.PR.B) announced today that 1,034,747 of its outstanding 4,600,000 Cumulative 5-Year Rate Reset Preferred Shares, Series B of the Corporation (the Series B Shares) have been tendered for conversion on March 31, 2016, on a one-for-one basis, into Cumulative Floating Rate Preferred Shares, Series C of the Corporation (the Series C Shares). As a result, on March 31, 2016, the Corporation will have 3,565,253 Series B Shares and 1,034,747 Series C Shares issued and outstanding.
Toronto, March 11, 2016 - GMP Capital Inc. (GMP or the Corporation) (TSX: GMP) today reported revenue of $35.3 million in fourth quarter 2015 representing a 33% decrease relative to the same period a year ago. GMP recorded a net loss of $15.6 million and a diluted loss per share of $0.26 in fourth quarter 2015 compared with a net loss of $6.9 million and diluted loss per share of $0.12 in fourth quarter 2014. "Uncertain market conditions produced a sharp contraction in client activity in the second half of 2015 that was particularly pronounced in the fourth quarter. This and the impact of the costs we recognized in connection with our previously announced restructuring of the Capital Markets segment resulted in disappointing financial performance for GMP" said Harris Fricker, President and Chief Executive Officer, GMP. "Our revenues decreased 33% in fourth quarter 2015 primarily reflecting a 60% drop in investment banking fees compared with fourth quarter 2014." Fourth quarter 2015 results include pre-tax expenses of $21.5 million ($18.5 million after tax) recorded in connection with the restructuring of the Capital Markets segment.
TORONTO, ON (March 2, 2016) – GMP Capital Inc. (the Corporation) (TSX: GMP, GMP.PR.B) announced today the applicable dividend rates for its Cumulative 5-Year Rate Reset Preferred Shares, Series B (the Series B Shares) and its Cumulative Floating Rate Preferred Shares, Series C (the Series C Shares), further to its press release dated February 23, 2016, announcing that it does not intend to exercise its right to redeem all or any part of the currently outstanding Series B Shares and, as a result of which, subject to certain conditions, the holders of the Series B Shares have the right to convert all or any part of their Series B Shares into Series C Shares on a one-for-one basis.