June 17 (Reuters) - GMP Capital Inc GMP.TO :
* GMP CAPITAL INC. ANNOUNCES SALE OF CAPITAL MARKETS BUSINESS TO STIFEL FINANCIAL CORPORATION
* GMP CAPITAL INC - ALL CASH TRANSACTION
* GMP CAPITAL INC - STIFEL WILL ACQUIRE BULK OF GMP'S CAPITAL MARKETS BUSINESS FOR CASH CONSIDERATION
* GMP CAPITAL INC - AS OF APRIL 30, 2019, PURCHASE PRICE WOULD HAVE BEEN APPROXIMATELY $70 MILLION
* GMP CAPITAL INC - GMP WILL BE REQUIRED TO PAY A BREAK FEE OF $2.625 MILLION IN EVENT AGREEMENT IS TERMINATED IN CERTAIN CIRCUMSTANCES
* GMP CAPITAL INC - INTENDS TO CONTINUE TO PAY REGULAR DIVIDENDS AT CURRENT RATE
* GMP CAPITAL INC - EFFECTIVE AT CLOSING OF TRANSACTION, HARRIS FRICKER, CEO OF GMP, AND OTHER KEY PERSONNEL HAVE AGREED TO JOIN STIFEL.