TransAlta Corp (TSE:TA) has released an update.
TransAlta Corporation has initiated an Automatic Share Purchase Plan (ASPP) to buy back its own shares, enhancing shareholder value through capital allocation strategies like share buybacks and dividends, supported by a robust free cash flow. The company has been actively repurchasing shares under its Normal Course Issuer Bid, recently acquiring over 4 million shares, with the ASPP allowing for continued purchases even during blackout periods. TransAlta emphasizes its commitment to sustainable energy production and has significantly reduced its greenhouse gas emissions, aligning with both UN goals and the Future-Fit Business Benchmark.
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