07:54 AM EDT, 06/17/2024 (MT Newswires) -- NuVista Energy ( NUVSF ) on Monday said the TSX approved the renewal of its normal course issuer bid, allowing it to repurchase up to 14.2 million common shares.

The normal course issuer bid will become effective on Wednesday and will terminate on June 18, 2025, or when it is completed or terminated by the company. All common shares purchased under the normal course issuer bid will be canceled.

Purchases under the normal course issuer bid will be made on the open market through the facilities of the TSX and Canadian alternative trading systems at the prevailing market price at the time of purchase. NuVista has entered into an automatic share purchase plan with a broker to facilitate share repurchases during self-imposed blackout periods.

NuVista's share price gained 0.2% to $13.42 on Friday.