Desjardins Group has exercised a warrant for 4,000,000 class "A" subordinate voting shares of CGI Group Inc. on March 22, 2006 at a price of $6.55 each.
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Warrants are securities issued by a company, which give their owners the right to purchase shares in the company at a specific price at a future date. This particular warrant, scheduled to expire on April 30, 2006, was issued by CGI in connection with a 10-year strategic alliance with Desjardins signed in 2001.
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<b>About CGI</b><br>
Founded in 1976, CGI Group Inc. Desjardins Group has exercised a warrant for 4,000,000 class "A" subordinate voting shares of CGI Group Inc. on March 22, 2006 at a price of $6.55 each.
Warrants are securities issued by a company, which give their owners the right to purchase shares in the company at a specific price at a future date. This particular warrant, scheduled to expire on April 30, 2006, was issued by CGI in connection with a 10-year strategic alliance with Desjardins signed in 2001.
About CGI
Founded in 1976, CGI Group Inc. ("CGI") is the 8th largest independent information technology and business process services firm in the world. CGI and its affiliated companies employ approximately 25,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States of America ("US"), Europe, Asia Pacific as well as from centers of excellence in Canada, the US, Europe and India. CGI's annualized revenue run rate is currently CDN$3.6 billion (US$3.1 billion) and at December 31, 2005, CGI's order backlog was CDN$12.9 billion (US$11.1 billion), or $14.0 billion (US$12 billion) including the BCE contract extensions signed in January 2006. CGI's shares are listed on the TSX (GIB.SV.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: www.cgi.com.
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CGI:
Investor relations
Lorne Gorber
Vice-president, investor relations
Lorne.gorber@cgi.com
(514) 841-3355
Media relations
Eileen Murphy
Director, media relations
Eileen.murphy@cgi.com
(514) 841-3430
