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Gold/Mining/Energy : LGS Group Inc. Y/2000 -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (130)	3/30/1999 9:17:00 PM
From: Gilbert Drapeau	Read Replies (3) \| Respond to of 169

LGS Group - Normal Course Issuer Bid MARCH 30, 1999 MONTREAL, QUEBEC--The Board of Directors of LGS Group Inc. today authorized a normal course issuer bid to purchase for cancellation, commencing April 1, 1999 up to and including March 31, 2000, up to a maximum of 946,445 Class A Subordinate Voting Shares, being approximately 10 percent of the public float of 9,464,452 Class A Subordinate Voting Shares (i.e. the number of Shares issued and outstanding at the commencement of the Offer not held by insiders). There are approximately 9,977,439 Class A Subordinate Voting Shares outstanding. The Corporation believes that the repurchases of these shares, pursuant to this normal course issuer bid, is in the best interest of the Corporation and its shareholders. These purchases are to be made through the facilities of The Montreal Exchange in accordance with its policy on normal course issuer bids. The price which the Corporation will pay for any Class A Subordinate Voting Shares will be the market price at the time of acquisition plus brokerage fees. Purchases may commence on April 1, 1999 and will terminate no later than March 31, 2000. The Corporation has not purchased any of its outstanding Class A Subordinate Voting Shares within the 12 months preceding the date of this normal course issuer bid. To the knowledge of the directors and officers of the Corporation, no director or officer of the Corporation, no associate of a director or officer of the Corporation, no person acting jointly or in concert with the Corporation and no person holding 10 percent or more of the common shares of the Corporation has any present intention to sell common shares during the period of the normal course issuer bid. LGS Group Inc. (LGSAF at NASDAQ, LGS.A at ME) is one of Canada's largest information technology consulting firms specializing in management and systems integration. With annual sales exceeding $134 million in the last financial year and $160 million in the current nine months, LGS employs approximately 2,200 professionals in 19 offices in Canada, the United States and Europe. The company is active in most of the private and public sectors. This release may contain forward-looking statements that involve risks and uncertainties which might cause the actual results to differ materially from those projected. Potential risks and uncertainties include the ability to procure, properly price, retain, and successfully complete projects, the availability of technical personnel, and competition. These risks and uncertainties are discussed under the heading "Risk Management " in the Company's Annual Report.