05:37 PM EDT, 03/26/2025 (MT Newswires) -- TransAlta ( TAC ) , after trade Wednesday, said it has entered into an automatic share purchase plan (ASPP) with its broker to facilitate repurchases of its common shares under its previously announced normal course issuer bid.

The company said it received approval from the Toronto Stock Exchange to repurchase up to 14 million common shares from May 31, 2024, to May 30, 2025. So far, about 6.1 million shares have been purchased at an average price of $11.89, totaling about $72.5 million.

Under the ASPP, the broker will be authorized to make purchases of common shares until the end of the NCIB. The ASPP will begin on April 1 and end on the earliest of reaching the purchase limits, May 8, or if the company terminates the plan.