CGI Group Inc.: Serge Godin to Exercise Stock Options and to Donate Proceeds to Charity
November 15 2011 - 4:35PM
Marketwired
CGI Group Inc. (TSX:GIB.A)(NYSE:GIB) today announced that Serge
Godin, Founder and Executive Chairman of the Board, filed a Notice
of Intention to sell 732,000 Class A Subordinate Voting Shares of
the Company through the facilities of the Toronto Stock Exchange on
or after November 18, 2011. The shares will be acquired through the
exercise of three tranches of 10-year stock options that are
nearing their expiry dates. The stock options were granted in
September 2001, October 2002 and October 2003. The shares to be
sold represent approximately 2.2 % of Mr. Godin's holding of shares
and securities convertible into shares of CGI.
Mr. Godin is exercising his stock options that were set to
expire in the next two years due to pre-determined quarterly and
other blackout periods prescribed by the Company that limit periods
during which such stock options can be exercised before their
expiry and cancellation. Mr. Godin intends to donate the net
proceeds of the sale to charitable organizations.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest
independent information technology and business process services
firms in the world. CGI and its affiliated companies employ
approximately 31,000 professionals. CGI provides end-to-end IT and
business process services to clients worldwide from offices and
centers of excellence in Canada, the United States, Europe and Asia
Pacific. As at September 30, 2011, CGI's revenue was $4.3 billion
and its order backlog was $13.5 billion. CGI shares are listed on
the TSX (GIB.A) and the NYSE (GIB) and are included in both the Dow
Jones Sustainability Index and the FTSEXGood Index. Website:
www.cgi.com.
Contacts: Colin Brown Manager, Investor
Relationscolin.brown@cgi.com 514-841-3634www.cgi.com/newsroom
CGI (NYSE:GIB)
Historical Stock Chart
From Jun 2024 to Jul 2024
CGI (NYSE:GIB)
Historical Stock Chart
From Jul 2023 to Jul 2024