TransAlta enters automatic share purchase plan

TransAlta Corporation announced that it has entered into an automatic share purchase plan with its broker in order to facilitate repurchases of TransAlta’s common shares under the company’s previously announced normal course issuer bid. The company previously announced that it had received approval from the Toronto Stock Exchange to purchase up to 14M of its common shares during the 12-month period that commenced May 31, 2023 and terminates May 30, 2024. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading systems on which the common shares are traded, based on the prevailing market price. Since January 1, 2023, the company has purchased 6,989,000 common shares, TransAlta noted.