CGI today announced a two-for-one split of all its shares issued, the record date for shareholders being January 7, 2000. The share certificate for additional shares will be mailed to shareholders on January 14, 2000. This represents the company's fourth such split since August 1997.
CGI believes that this split will provide greater market liquidity for its Class A Subordinate Shares which are listed on the Toronto and New York Stock Exchanges.
CGI is the largest independent information technology consulting firm in Canada and the fifth largest in North America, based on its revenue run rate of $1.6 billion. Its order backlog totals more than $7.5 billion and the company currently has proposals outstanding for an additional $4 billion in potential large contracts. CGI has 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 20 countries around the world. CGI's shares are listed on the New York Stock Exchange (GIB) and Toronto Stock Exchange (GIB.A). They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. Web site: www.cgi.ca.
All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved.
This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. There are a number of factors that could cause actual results to differ materially from those indicated. Such factors include, without limitation, the various factors set forth in the Company's annual report.
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For more information:
Ronald White
Director, Investor and Media Relations
CGI
(514) 841-3200
