MONTREAL, QUEBEC--(Marketwired - May 5, 2014) - CGI (TSX:GIB.A)(GIB) today announced that Serge Godin, Founder and Executive Chairman of the Board, filed a notice of intention to dispose of, on or after May 13, 2014, up to 2,102,230 Class A subordinate voting shares of the Company, including up to 1,238,230 Class A subordinate voting shares acquired pursuant to the exercise of stock options. Mr. Godin intends to exercise stock options granted to him between 2004 and 2007 and that are nearing their expiry dates due to pre-determined quarterly and other blackout periods prescribed by the Company and that limit periods during which stock options can be exercised before their expiry and cancellation.
The transaction is made for estate planning purposes and a portion of the shares will be donated to Fondation Jeunesse-Vie, a foundation established by Mr. Godin in 2000 with a mission to alleviate poverty, advance education and improve the health of disadvantaged children and teens in Canada.
As a result of the transaction, Mr. Godin's voting rights in the Company will go from 47.1% to 46.8%. The maximum number of Class A subordinate voting shares to be disposed of represents 6.4% of his total number of securities in the Company. Mr. Godin will continue to own, either directly or through corporations controlled by him, 28,577,089 Class B shares (multiple voting) of the Company.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.
All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.