| 2017-09-15 05:34:49|
GIB 05:34 09/15 09/15/17
CGI Group announces intent to purchase 4.85M shares held by la Caisse
CGI Group announced that it intends to enter into a private agreement with Caisse de depot et placement du Quebec, or la Caisse, for the repurchase for cancellation of 4,854,368 of its Class A subordinate voting shares held by la Caisse for a price of $61.80 per Class A Share, which represents a discount to today's closing price of the Class A Shares on the Toronto Stock Exchange. The transaction will be made in connection with the periodic portfolio rebalancing of la Caisse. Once completed, la Caisse will continue to hold approximately 46.2M Class A Shares, representing approximately 16% of CGI's total outstanding shares.