04:34 PM EST, 11/28/2024 (MT Newswires) -- Keyera Corp. ( KEYUF ) after trade Thursday said it received exchange approvals for its first normal-course issuer bid.

The Western Canadian oil and gas infrastructure company said under the NCIB's terms, it can buy back and cancel up to 5.7-million shares, 2.5% of its total outstanding.

The program takes effect on Dec.3 and runs for 12 months.

Keyera ( KEYUF ) shares closed down $0.01 to $45.88 on the Toronto Stock Exchange.