CGI completes $100 million share buyback
MONTREAL, QUEBEC -- (Marketwired) -- 11/29/13 -- CGI
(TSX:GIB.A)(NYSE:GIB) announced today that it has completed its
previously announced buyback of 2,490,660 Class A subordinate voting
shares from la Caisse de depot et placement du Quebec ("la Caisse").
The shares were repurchased at a price of $40.15 per share for an
aggregate price of approximately $100 million.
In connection with the share repurchase, CGI has amended its Normal
Course Issuer Bid to specifically allow for purchases outside the
facilities of the Toronto Stock Exchange at a discount to the
prevailing market price, pursuant to exemption orders issued by
securities regulatory authorities. In accordance with Toronto Stock
Exchange rules, the share repurchase will be taken into account when
calculating the annual aggregate limit that CGI may repurchase under
its Normal Course Issuer Bid.
Founded in 1976, CGI Group Inc. is the fifth largest independent
information technology and business process services firm in the
world. Approximately 68,000 professionals serve thousands of global
clients from offices and delivery centers across the Americas, Europe
and Asia Pacific, leveraging 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. With annual revenue in
excess of C$10 billion and an order backlog exceeding C$18 billion,
CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website:
Global Communications and Investor Relations
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