TransAlta enters automatic share purchase plan

TransAlta 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, 2024 and terminates May 30, 2025. 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, 2024, the company has purchased 9,137,200 Common Shares at a weighted average price per Common Share of $9.33 for an aggregate value of approximately $85.3M. Since the beginning of the current NCIB on May 31, 2024, the company has purchased 1.7M at a weighted average price per Common Share of $9.77 for an aggregate value of approximately $16.6M.