Great-West Lifeco Inc. (TSX:GWO) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 common shares, representing 2.02% of its issued and outstanding shares. The repurchased shares will be cancelled. The purpose of the bid is to mitigate the dilutive effect of stock options issued under the company’s stock option plan and for other capital management purposes. The bid will expire on January 14, 2019. As of December 31, 2017, the company had 988,722,659 common shares issued and outstanding.