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BRIEF-CGI Announces Intent To Repurchase 3.2 Mln Shares

Published 2018-02-26, 06:53 a/m
BRIEF-CGI Announces Intent To Repurchase 3.2 Mln Shares

Feb 26 (Reuters) - Cgi Group Inc GIBa.TO :

* CGI ANNOUNCES INTENT TO REPURCHASE 3,230,450 SHARES

* CGI GROUP INC - INTENDED REPURCHASE REPRESENTS A $231.4 MILLION TRANSACTION BY CGI

* CGI GROUP - INTENDS TO ENTER PRIVATE AGREEMENT WITH SERGE GODIN TO BUY FOR CANCELLATION 3.2 CLASS A SUBORDINATE VOTING SHARES INDIRECTLY HELD BY HIM

* CGI GROUP INC - WILL FUND REPURCHASE FROM CASH ON HAND AND ITS EXISTING REVOLVING CREDIT FACILITY

* CGI GROUP INC - SHARE REPURCHASE EXPECTED TO BE ENTERED INTO ON FEB 26

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