/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
WINNIPEG, Aug. 29, 2013 /CNW/ - Great-West Lifeco Inc. has obtained approval
from the Toronto Stock Exchange ("TSX") to amend its normal course issuer bid
("NCIB") announced December 6, 2012.
In addition to purchases made through the facilities of the TSX, the Company
and its designated broker may make purchases on alternative Canadian trading
platforms. Daily purchases will be limited to 109,294 Common Shares, subject
to the Company's ability to rely upon the block purchase exception under the
TSX rules. All purchases will be made at market prices and otherwise in
accordance with the rules of the TSX and all Common Shares purchased under the
NCIB will be cancelled. Pursuant to its NCIB, which commenced on December 9,
2012 and expires on December 8, 2013, the Company has not purchased any Common
The Company announced that it will enter into an automatic purchase plan with
a broker to facilitate repurchases of its Common Shares under its NCIB. The
automatic purchase plan allows for purchases by the Company of its Common
Shares during black-out periods, subject to certain parameters. Outside of
these black-out periods, Common Shares may also be purchased in accordance
with management's discretion.
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 Great-West Life, London Life, Canada Life, Irish Life, Great-West
Financial and Putnam Investments. Effective July 18, 2013 Irish Life is part
of Great-West Lifeco's operations. Irish Life assets and earnings are not
reflected in the 2013 second quarter financial results. Great-West Lifeco and
its companies have $596 billion* in consolidated assets under administration
and are members of the Power Financial Corporation group of companies.
*Assets as of June 30, 2013
SOURCE Great-West Lifeco Inc.
Marlene Klassen, APR Assistant Vice-President, Communication Services
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CO: Great-West Lifeco Inc.
-0- Aug/29/2013 20:01 GMT
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