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GIB.A (TSX)
GIB (NYSE)
www.cgi.com/newsroom
MONTRÉAL, May 25, 2015
/PRNewswire/ - CGI Group Inc. (TSX: GIB.A) (NYSE: GIB) announced
today that it intends to purchase for cancellation, on or before
February 10, 2016, up to 5,940,000 of
its Class A subordinate voting shares ("Class A Shares") pursuant
to private agreements between CGI and arm's length third-party
sellers. These purchases will be made pursuant to issuer bid
exemption orders issued by the Ontario Securities Commission. The
price that CGI will pay for Class A Shares purchased under such
agreements will be negotiated between CGI and the seller and will
be at a discount to the prevailing market price of CGI's Class A
Shares on the Toronto Stock Exchange ("TSX") at the time of the
purchase.
These purchases will be made under CGI's normal course issuer
bid ("NCIB"), the renewal of which was announced on January 28, 2015. The NCIB allows for purchases
outside the facilities of the TSX by private agreements pursuant to
exemption orders issued by securities regulatory authorities. The
maximum number of Class A Shares which may be purchased by way of
private agreements cannot exceed 6,350,735 Class A Shares, being
one-third of the 19,052,207 Class A Shares that CGI is authorized
to purchase under its NCIB before February 10, 2016. As at
May 22, 2015, 342,000 Class A Shares
had been purchased under the current NCIB.
Information regarding each purchase by way of private agreement,
including the number of Class A Shares purchased and aggregate
price paid, will be available on the SEDAR website at www.sedar.com
following the completion of any such purchase.
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 of
C$20 billion, CGI shares are listed
on the TSX (GIB.A) and the NYSE (GIB). 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.
SOURCE CGI Group Inc.