CGI Board authorizes the renewal of its Normal Course Issuer Bid



    Stock Market Symbols
    GIB.A (TSX)
    GIB (NYSE)

    MONTREAL, Jan. 27 /CNW Telbec/ - CGI Group Inc. (TSX: GIB.A; NYSE:   GIB)
(the "Company") announced today that its Board of Directors has authorized the
renewal of its Normal Course Issuer Bid ("NCIB"), subject to acceptance by the
Toronto Stock Exchange ("TSX").
    The Company's management and Board of Directors believe that the
repurchase of Class A subordinate voting shares ("Class A Shares") of the
Company is a proper use of the Company's funds, and the NCIB will provide the
Company with the flexibility to purchase Class A Shares from time to time as
the Company considers it advisable, as part of its strategy to increase
shareholder value.
    At the close of business on January 23, 2009, there were 274,259,280
Class A Shares outstanding, of which approximately 98.34% were widely held
(representing a public float of 269,704,375 Class A Shares).

    
    Under the terms of the NCIB, subject to TSX acceptance:

    - the Company may purchase for cancellation on the open market through
      the facilities of the TSX up to 26,970,437 Class A Shares, representing
      approximately 10% of the Company's public float as of the close of
      business on January 23, 2009. All Class A Shares will be purchased at
      their market price at the time of acquisition;

    - daily repurchases will be made in accordance with the requirements of
      the TSX, which currently limit daily repurchases to 667,097 Class A
      Shares, until March 31, 2009 and 333,548 Class A Shares thereafter,
      being respectively 50% and 25% of the average daily trading volume of
      the Class A Shares for the past six months, other than block purchase
      exemptions; and

    - purchases of Class A Shares may commence on February 9, 2009 and will
      expire on the earlier of February 8, 2010 or the date on which the
      Company has either acquired the maximum number of Class A Shares
      allowable under the NCIB or otherwise decided not to make any further
      repurchases under the NCIB.
    

    Under the terms of its NCIB that commenced on February 7, 2008 and will
expire on February 6, 2009, the Company purchased to date for cancellation
18,505,768 Class A Shares. These purchases were made through the facilities of
the TSX at a weighted average purchase price of $10.68388.

    About CGI

    Founded in 1976, CGI Group Inc. is one of the largest independent
information technology and business process services firms 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, Europe, Asia Pacific as well as from
centers of excellence in North America, Europe and India. CGI's annual revenue
run rate stands at $4.0 billion and at December 31, 2008, CGI's order backlog
was $11.4 billion. CGI shares are listed on the TSX (GIB.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.

    CGI Forward- Looking Statements

    All statements in this press release that do not directly and exclusively
relate to historical facts constitute "forward-looking statements" within the
meaning of that term in Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities Exchange Act
of 1934, as amended, and are "forward-looking information" within the meaning
of sections 138.3 and following of the Ontario Securities Act, as amended.
These statements and this information represent CGI Group Inc.'s ("CGI")
intentions, plans, expectations and beliefs, and are subject to risks,
uncertainties and other factors, of which many are beyond the control of the
Company. These factors could cause actual results to differ materially from
such forward-looking statements or forward-looking information. These factors
include and are not restricted to the timing and size of new contracts,
acquisitions and other corporate developments; the ability to attract and
retain qualified members; market competition in the rapidly-evolving
information technology industry; general economic and business conditions,
foreign exchange and other risks identified in the Management's Discussion and
Analysis ("MD&A") in CGI's Annual Report or Form 40-F filed with the U.S.
Securities and Exchange Commission (filed on EDGAR at www.sec.gov), and in
CGI's annual and quarterly MD&A and Annual Information Form filed with the
Canadian securities authorities (filed on SEDAR at www.sedar.com), as well as
assumptions regarding the foregoing. The words "believe," "estimate,"
"expect," "intend," "anticipate," "foresee," "plan," and similar expressions
and variations thereof, identify certain of such forward-looking statements or
forward-looking information, which speak only as of the date on which they are
made. In particular, statements relating to future performance are
forward-looking statements and forward-looking information. CGI disclaims any
intention or obligation to publicly update or revise any forward-looking
statements or forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable law.
Readers are cautioned not to place undue reliance on these forward-looking
statements or on this forward-looking information.




For further information:

For further information: Lorne Gorber, Vice-President, Global
Communications and Investor Relations, (514) 841-3355, lorne.gorber@cgi.com


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