CGI Inc. announces renewal of Normal Course Issuer Bid

CGI announced that its board of directors has authorized the renewal of its Normal Course Issuer Bid, or NCIB, subject to approval by the Toronto Stock Exchange. CGI’s management and board of directors believe that the purchase for cancellation of the company’s Class A subordinate voting shares is a proper use of funds, and the NCIB will provide the flexibility to purchase Class A Shares from time to time as the company considers it advisable, as part of its efforts to increase shareholder value. At the close of business on January 24, there were 211,962,333 Class A Shares outstanding, of which approximately 89% were widely held.