CGI Group Inc. Board authorizes the renewal of its Normal Course Issuer Bid

CGI Group Inc. Board authorizes the renewal of its Normal Course Issuer Bid 
MONTREAL, QUEBEC -- (Marketwire) -- 01/30/13 -- CGI Group Inc.
(TSX:GIB.A)(NYSE:GIB) (the "Company") announced today that its Board
of Directors has authorized the renewal of its Normal Course Issuer
Bid ("NCIB"), subject to acceptance by the Toronto Stock Exchange
(the "TSX"). 
The Company's management and Board of Directors believe that the
repurchase of Class A subordinate voting shares ("Class A Shares") of
the Company is a proper use of the Company's funds, and the NCIB will
provide the Company with the flexibility to purchase Class A Shares
from time to time as the Company considers it advisable, as part of
its strategy to increase shareholder value.  
At the close of business on January 25, 2013, there were 274,486,679
Class A Shares outstanding, of which approximately 75% were widely
held (representing a public float of 206,859,765 Class A Shares for
TSX purposes). 
Under the terms of the NCIB, subject to TSX acceptance, the Company
may purchase for cancellation on the open market through the
facilities of the TSX and the New York Stock Exchange and through
alternative trading systems up to 20,685,976 Class A Shares,
representing approximately 10% of the Company's public float as of
the close of business on January 25, 2013. The average daily trading
volume (the "ADTV") of the Class A Shares on the TSX for the six
month period ended December 31, 2012 (excluding purchases under the
NCIB) was 732,717 Class A Shares. Consequently and in accordance with
the requirements of the TSX, the daily purchase limit under the NCIB
on the TSX will be 183,179 Class A Shares, representing 25% of the
ADTV. All Class A Shares will be purchased at their market price at
the time of acquisition. All shares purchased under the NCIB will be
cancelled.  
Purchases of Class A Shares may commence on February 11, 2013 and
will expire on the earlier of February 10, 2014 or the date on which
the Company has either acquired the maximum number of Class A Shares
allowable under the NCIB or otherwise decided not to make any further
repurchases under the NCIB.  
Under the terms of its NCIB that commenced on February 9, 2012 and
will expire on February 8, 2013, the Company had purchased, as of
January 25, 2013, an aggregate of 1,050,700 Class A Shares for
cancellation. These purchases were made through the facilities of the
TSX and the New York Stock Exchange and through alternative trading
systems at a weighted average purchase price of $20.68. 
About CGI 
Founded in 1976, CGI Group Inc. is the fifth largest independent
information technology and business process services firm in the
world. With approximately 71,000 members located in offices and
global delivery centers in the Americas, Europe and Asia Pacific, CGI
offers a comprehensive portfolio of services including high-end
business and IT consulting, systems integration, application
development and maintenance, infrastructure management as well as a
wide range of proprietary solutions. Further to the recent
acquisition of Logica, CGI's annualized revenue is in excess of C$10
billion, with an estimated order backlog of approximately C$18.3
billion; its shares are listed on the TSX (GIB.A) and the NYSE (GIB)
and are included in the FTSE4Good Index. Website: www.cgi.com. 
Forward-Looking Statements 
All statements in this press release that do not directly and
exclusively relate to historical facts constitute "forward-looking
statements" within the meaning of that term in Section 27A of the
United States Securities Act of 1933, as amended, and Section 21E of
the United States Securities Exchange Act of 1934, as amended, and
are "forward-looking information" within the meaning of Canadian
securities laws. These statements and this information represent
CGI's intentions, plans, expectations and beliefs, and are subject to
risks, uncertainties and other factors, of which many are beyond the
control of the Company. These factors could cause actual results to
differ materially from such forward-looking statements or
forward-looking information. These factors include but are not
restricted to: the timing and size of new contracts; acquisitions and
other corporate developments; the ability to attract and retain
qualified members; market competition in the rapidly evolving IT
industry; general economic and business conditions; foreign exchange
and other risks identified in the press release, in CGI's annual and
quarterly Management's Discussion and Analysis ("MD&A"), in CGI's
Annual Report, in CGI's Annual Report on Form 40-F filed with the
U.S. Securities and Exchange Commission (filed on EDGAR at
www.sec.gov), and in the Company's Annual Information Form filed with
the Canadian securities authorities (filed on SEDAR at
www.sedar.com), as well as assumptions regarding the foregoing. The
words "believe," "estimate," "expect," "intend," "anticipate,"
"foresee," "plan," and similar expressions and variations thereof,
identify certain of such forward-looking statements or
forward-looking information, which speak only as of the date on which
they are made. In particular, statements relating to future
performance are forward-looking statements and forward-looking
information. CGI disclaims any intention or obligation to publicly
update or revise any forward-looking statements or forward-looking
information, whether as a result of new information, future events or
otherwise, except as required by applicable law. Readers are
cautioned not to place undue reliance on these forward-looking
statements or on this forward-looking information. 
www.cgi.com/newsroom
Contacts:
Lorne Gorber
Senior Vice-President, Global Communications and
Investor Relations
lorne.gorber@cgi.com
514-841-3355
 
 
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