04:42 PM EDT, 08/29/2024 (MT Newswires) -- Taiga Building Products ( TGAFF ) said Thursday afternoon it received exchange approvals plan to renew its normal-course issuer bid.

The company said it can buy back and cancel up to 5.4 million of its 107.9-million outstanding shares over the 12 months, starting Sept. 4 The company has set up an automatic share purchase plan with its broker to buy back its common shares.

Under its expiring NCIB, the company repurchased 125,232 of an allowed 5.4-million shares.

Taiga shares closed down $0.12 to $3.77 on the Toronto Stock Exchange.