Shares to be split 2-for-1, effective August 12, 1997.
Dave, there has to be more than this to account for the runup on the stock today. More Y2K contracts??? more outsourcing deals ???
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: THE CGI GROUP INC.
TSE, ME SYMBOL: GIB.A
JULY 29, 1997
CGI Shareholders Approve 2-for-1 Share Split
MONTREAL, QUEBEC--The CGI Group Inc. today announced that, at a
special meeting, its shareholders approved subdivision of the
shares on a 2-for-1 basis, effective August 12, 1997.
The Board of Directors approved the subdivision in June 1997 to
provide greater market liquidity for the Class A subordinate
shares which are listed on the Montreal and Toronto stock
exchanges. The Class B shares and preferred shares, which are not
listed, are also subdivided on a 2-for-1 basis.
CGI is the largest Canadian-owned independent information
technology consulting firm with 2,700 specialists, annualized
revenue of $300 million and an order backlog in excess of $1
billion. It provides end-to-end IT services and business solutions
to more than 1,800 clients throughout Canada and elsewhere in the
world. CGI is listed on the Toronto and Montreal stock exchanges.
Stock symbol: GIB.A. Website adress: cgi.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
The CGI Group
Ronald White
Public Affairs
(514) 841-3230 |
