04:47 PM EDT, 05/27/2025 (MT Newswires) -- TransAlta ( TAC ) was at last look up 1.3% in US after hours Tuesday as it announced that the Toronto Stock Exchange has accepted the notice filed by the company to implement a normal course issuer bid (NCIB) for a portion of its common shares.

Under the NCIB, TransAlta ( TAC ) may repurchase up to a maximum of 14 million common shares, representing approximately 4.7% of the 296.45 million common shares issued and outstanding as at May 20, 2025. Not more than 481,658 common shares can be purchased on the TSX on any single trading day under the NCIB, with the exception that one block purchase above the daily maximum is permitted per calendar week.

TransAlta ( TAC ) has repurchased and cancelled 7.963 million common shares on the open market at an average price of $12.00 per share.

The company closed trading at $13.06 per share, up 3.49%.