/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
WINNIPEG, Dec. 6, 2012 /CNW/ - Great-West Lifeco Inc. announced today
that a normal course issuer bid has been accepted by the Toronto Stock
The Corporation intends to purchase for cancellation, during the course
of the bid, up to but not more than 6,000,000 of its Common Shares
("Common Shares"), representing 0.63% of the outstanding Common Shares on November 30, 2012. As of
November 30, 2012, the total number of issued and outstanding Common
Shares was 950,514,440. The average daily trading volume for the six
months ending on November 30, 2012 was 437,178 Common Shares. Daily
purchases will be limited to 109,294 Common Shares, other than block
purchase exceptions. Any Common Shares purchased by the Corporation
under the bid will be cancelled.
The bid will commence on December 9, 2012 and will terminate on December
Purchases will be made through the facilities of the Toronto Stock
Exchange at prevailing market prices.
The Corporation will utilize the normal course issuer bid program to
acquire Common Shares in order to mitigate the dilutive effect of
issuing securities under the Corporation's Equity Incentive Plans.
During the past year, the Corporation has not purchased any Common
Shares pursuant to its previous normal course issuer bid.
Great-West Lifeco Inc. (TSX:GWO) is an international financial services
holding company with interests in life insurance, health insurance,
retirement and investment services, asset management and reinsurance
businesses. Great-West Lifeco has operations in Canada, the United
States, Europe and Asia through The Great-West Life Assurance Company,
London Life Insurance Company, The Canada Life Assurance Company,
Great-West Life & Annuity Insurance Company and Putnam Investments,
LLC. Great-West Lifeco and its companies have over $532 billion* in
assets under administration, and are members of the Power Financial
Corporation group of companies.
*assets as of September 30, 2012
SOURCE: Great-West Lifeco Inc.
For further information:
For more information contact:
Marlene Klassen, APR
Assistant Vice-President, Communication Services