Here is an interesting calculation for the Employee stock option plan.
With 7500 I.T. professionals on board CGI at an Average Salary of $70,000 (conservative figure, I'm in the I.T. business...) = $525,000,000 annual salary or $10,096,153 weekly.
Let's assume that only 3/4 of CGI's staff do invest in the employee stock option plan. That would give us $7,572,115 million of CGI salaries to be consider for the Employee Stock Option Plan. According to someone on the thread the Stock option plan is between 2% to 10% of employee salary which CGI matches. Let's use 3% to be conservative.
Therefore, $7,572,115 * 3% = $227,163 * 2 (CGI's match) =
$454,326 which CGI has to spend weekly on buying its own stock. At today's close of $30.10 that represents $454326 / $30.10 =
15093 Shares per week that are bought at market for CGI employees by CGI...
Sal
P.S. With all the news CGI should get in the papers tomorrow, I see a mid thirty by July 2nd or 3rd... |
