CGI renews its Normal Course Issuer Bid

Executive Summary

• CGI’s Board authorized the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 18,975,360 Class A shares (≈10% of public float).
• The renewed NCIB is effective February 6 2026 and will run until February 5 2027 or until the share purchase limit is reached.
• Under the prior NCIB, CGI had already repurchased 12,945,271 shares at a weighted‑average price of $133.10 per share, representing total consideration of ~$1.72 billion.

Key Details

• Authorized Repurchase Amount: Up to 18,975,360 Class A subordinate voting shares (≈10% of the public float as of Jan 23 2026).
• Public Float: 189,753,602 Class A shares outstanding on Jan 23 2026; 99.54% widely held.
• Daily Purchase Limit: 115,216 shares per day on the TSX (25% of six‑month average daily trading volume of 460,867 shares).
• Pricing Terms: Purchases made at market price on the exchange; purchases outside TSX facilities may be at a discount as permitted by exemption orders.
• Program Timeline: Repurchases may commence Feb 6 2026 and terminate on the earlier of Feb 5 2027 or when the maximum authorized shares are acquired.
• Previous NCIB Activity (Feb 6 2025 – Feb 5 2026):
• TSX approval to purchase up to 20,196,413 shares.
• Shares already repurchased: 12,945,271 at a weighted‑average price of $133.10 per share.
• Total consideration paid to date: $1,722,951,291.23.
• Automatic Share Purchase Plan: Implemented with designated broker to allow purchases during self‑imposed blackout periods if deemed advisable.

Notable Quotes

(No direct quotes were provided in the release.)