Great-West Lifeco Inc. (TSX:GWO) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 20,000,000 shares, representing 2.02% of its issued and outstanding share capital. The shares will be repurchased to mitigate the dilutive effect of issuing securities under the company’s stock option plan and for other capital management purposes. The repurchased shares will be cancelled. The bid will be valid up to January 31, 2020. As on January 25, 2019, the company had 987,741,408 shares issued and outstanding.