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 2.16% of its issued and outstanding common shares. 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 shares repurchased will be cancelled. The bid will be valid up to January 21, 2021, or such earlier date as the company completes its purchases pursuant to the notice of intention filed with the TSX. As on January 16, 2020, the company had 926,336,486 issued and outstanding common shares.