CGI Group Inc.

CGI Group Inc.

November 29, 2013 09:28 ET

CGI completes $100 million share buyback

MONTREAL, QUEBEC--(Marketwired - Nov. 29, 2013) - 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 dépôt et placement du Québec ("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.

About CGI

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:

Contact Information

  • Lorne Gorber
    Senior Vice-President,
    Global Communications and Investor Relations


Keyword Cloud

View Website