Business
CGI renews its Normal Course Issuer Bid
CGI renews its Normal Course Issuer Bid Canada NewsWire Stock Market Symbols GIB...
About this update from Cgi Inc. Class A
[{"type":"text","content":"\n\n\nCGI renews its Normal Course Issuer Bid\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\nCanada NewsWire\n\n\nStock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom\nMONTRÉAL, Jan. 28, 2026 /CNW/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid (\"NCIB\"), subject to approval by the Toronto Stock Exchange (the \"TSX\").\nCGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares (\"Class A 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.\nAt the close of business on January 23, 2026, there were 190,635,136 Class A Shares outstanding, of which approximately 99.54% were widely held (representing a public float of 189,753,602 Class A Shares as calculated in accordance with the rules of the TSX).\nUnder the terms of the NCIB, subject to TSX approval, the Company may purchase for cancellation on the open market through the facilities of the TSX and the New York Stock Exchange (the \"NYSE\") and through alternative trading systems in Canada, as well as outside the facilities of the TSX pursuant to exemption orders issued by securities regulators or other statutory exemptions, up to 18,975,360 Class A Shares, representing approximately 10% of the Company's public float as of the close of business on January 23, 2026. The average daily trading volume of the Class A Shares on the TSX for the six-month period ended December 31, 2025 was 460,867 Class A Shares (the \"ADTV\"). Consequently, and in accordance with the requirements of the TSX, the daily purchase limit under the NCIB on the TSX will be 115,216 Class A Shares, representing 25% of the ADTV. All Class A Shares will be purchased at their market price at the time of acquisition, except for purchases effected outside the facilities of th...