Form SC 13G CGI GROUP INC Filed by: CGI GROUP INC

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Go back to Form SC 13G CGI GROUP INC Filed by: CGI GROUP INC

CGI Group (GIB) Approves 19M Class A Common Buyback

January 28, 2015 7:58 AM EST

CGI Group (NYSE: GIB) announced 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... More