05:51 PM EDT, 06/24/2024 (MT Newswires) -- TransAlta ( TAC ) said late Monday it entered into an automatic share purchase plan with its broker to facilitate repurchases of common shares under its normal course issuer bid.

The company previously received approval from the Toronto Stock Exchange to purchase up to 14 million common shares during a 12-month period through May 30, 2025.

TransAlta ( TAC ) said it has purchased 1.7 million shares at a weighted average price of CA$9.77 ($7.15) apiece since the start of its current normal course issuer bid.

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