CGI Group Inc. Board Authorizes the Renewal of Its Normal Course Issuer Bid
CGI Group Inc. (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid, subject to acceptance by the Toronto Stock Exchange. The Company's management and Board of Directors believe that the repurchase of Class A subordinate voting 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.
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