Investor Presentaiton
GREAT-WEST
Substantial issuer bid
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LIFECO INC.
On March 4, 2019, Great-West Lifeco (Lifeco) announced a substantial issuer bid (the
Offer) for up to $2 billion of its common shares
The Offer is being made by way of a "modified Dutch auction" which allows each Lifeco
shareholder to select the price within the specified range at which the shareholder is
willing to sell all or a portion of the common shares he / she owns
The specified price range for the Offer is $30 to $35 per share
The Offer will be for up to a maximum of 66,666,666 shares (approximately 6.75%) of
Lifeco's 987,750,008 total issued and outstanding shares¹ based on a purchase price of
$30 and full participation
The Offer commenced on March 8, 2019 and will expire on April 12, 2019, unless
extended or withdrawn
• Power Financial has advised it intends to support Lifeco through its participation in the
Offer and expects that following the Offer its ownership in Lifeco will be marginally
reduced
The transaction will allow Lifeco to return capital to its shareholders while maintaining
significant excess capital to fund strategic investments, including acquisitions, to drive
growth and profitability
1. As of March 4, 2019
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