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CGI renews its Normal Course Issuer Bid

1. CGI renews its Normal Course Issuer Bid to buy back shares. 2. This initiative aims to enhance shareholder value through strategic buybacks.

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FAQ

Why Bullish?

Share buybacks typically indicate confidence in a company's value and can boost share prices, similar to past buyback programs that positively influenced stock performance.

How important is it?

The announcement of an NCIB demonstrates management's commitment to enhancing shareholder value, which can positively affect investor sentiment and stock price.

Why Short Term?

The immediate effect of share buybacks on stock price is often seen shortly after the announcement.

Related Companies

GIB.AGIB
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to approval by the Toronto Stock Exchange (the "TSX"). CGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares ("Class A Shares") is a proper use of funds, and the NCIB will provide the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its efforts to increase shareholder value.

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