MONTRÉAL, January 28, 2026 — Leads & Copy —
CGI (TSX: GIB.A) (NYSE: GIB) announced that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid (“NCIB”), pending approval by the Toronto Stock Exchange (TSX).
According to CGI’s management and Board of Directors, the purchase for cancellation of the Company’s Class A subordinate voting shares (“Class A Shares”) represents a sound utilization of funds. The NCIB will provide flexibility to strategically purchase Class A Shares to enhance shareholder value.
As of January 23, 2026, CGI had 190,635,136 Class A Shares outstanding, with approximately 99.54% widely held, representing a public float of 189,753,602 Class A Shares, as calculated per TSX rules.
Under the NCIB terms, and subject to TSX approval, the Company may purchase for cancellation up to 18,975,360 Class A Shares, about 10% of the Company’s public float as of January 23, 2026. These purchases can occur on the open market via the TSX and the New York Stock Exchange (NYSE), through alternative trading systems in Canada, or outside the TSX via exemption orders from securities regulators or statutory exemptions.
The average daily trading volume (ADTV) of the Class A Shares on the TSX for the six-month period ending December 31, 2025, was 460,867 Class A Shares. The daily purchase limit under the NCIB on the TSX will be 115,216 Class A Shares, representing 25% of the ADTV.
Class A Shares will be purchased at the market price at the time of acquisition. Purchases outside the TSX via exemption orders or statutory exemptions will be at a discount to the market price, as provided in such orders or statutes. All Class A Shares purchased under the NCIB will be cancelled.
Repurchases of Class A Shares under the renewed NCIB may start on February 6, 2026, and will end on February 5, 2027, or when the Company has acquired the maximum number of Class A Shares or decides not to make further purchases.
Under its current NCIB, which began February 6, 2025, and ends February 5, 2026, the TSX approved CGI to purchase up to 20,196,413 Class A Shares for cancellation. As of January 23, 2026, CGI repurchased 12,945,271 Class A Shares through open market transactions via the TSX, NYSE, and alternative trading systems in Canada, at a weighted average price of $133.10 per Class A Share, totaling $1,722,951,291.23.
CGI has an automatic share purchase plan with its broker to allow for share purchases during self-imposed blackout periods, if deemed advisable.
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world, employing 94,000 consultants and professionals globally. CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI reported fiscal 2025 revenue of $15.91 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB).
Source: CGI
