CGI announces intent to repurchase 2.89 million of its shares held by CDPQ [Yahoo! Finance]
CGI Inc. (GIB)
Last cgi inc. earnings: 4/29 06:30 am
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Source: Yahoo! Finance
MONTRÉAL May 27, 2024 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that it intends to enter into a private agreement with CDPQ for the purchase for cancellation of 2,887,878 of its Class A subordinate voting shares ("Class A Shares") held by CDPQ for a price of per Class A Share, which represents a discount to the closing price on May 27, 2024 of the Class A Shares on the Toronto Stock Exchange ("TSX"). The transaction will be made in connection with the periodic portfolio rebalancing of CDPQ. Once completed, CDPQ will continue to hold approximately 16.29 million Class A Shares, representing approximately 7.15% of CGI's total outstanding shares. "CGI is an international leader in the IT industry and continues to stand out with its sustained growth and operational excellence, benefiting its shareholders," highlights Kim Thomassin , Executive Vice-President and Head of Québec at CDPQ. "We will remain a major shareholder of the company following this repurchase, and c
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GIB
Earnings
- 5/1/24 - Beat
GIB
Sec Filings
- 5/1/24 - Form 6-K
- GIB's page on the SEC website