Great-West Lifeco (TSE:GWO) has released an update.
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Great-West Lifeco Inc. has initiated an Automatic Share Purchase Plan (ASPP) to facilitate the repurchase of up to 20 million common shares, aligning with its Normal Course Issuer Bid. This plan allows for share repurchases even during periods when the company is typically restricted from doing so. The repurchase plan, approved by the Toronto Stock Exchange, will commence around March 5, 2024, and aims to streamline the process of share buybacks and cancellations within regulatory guidelines.
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