Manulife Financial announces automatic share repurchase plan

Manulife Financial (MFC) announced that it has entered into an automatic share repurchase plan under which its designated broker will repurchase Manulife’s common shares pursuant to its previously announced normal course issuer bid. The actual number of common shares purchased under the automatic plan, the timing of such purchases and the price at which common shares are purchased will depend upon future market conditions. The automatic plan, which was pre-cleared by the TSX, provides for the potential repurchase of common shares at any time, including when Manulife ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules, or otherwise.