|Page (1) of 1 - 11/15/11||email article||print page|
CGI Group Inc.: Serge Godin to Exercise Stock Options and to Donate Proceeds to Charity(November 15, 2011)
MONTREAL, QUEBEC -- (Marketwire) -- 11/15/11 -- 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.
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.
Copyright @ Marketwire
Related Keywords: IT outsourcing services , Managed services , IT services outsourcing , Business Issues, IT Management, Canada, USA, Toronto, Marketwire, Inc., , IT (Information Technology), Computer Science, Business, Other,