06:55 AM EDT, 05/28/2024 (MT Newswires) -- TransAlta ( TAC ) overnight Monday said that it has secured approval from the Toronto Stock Exchange to renew a normal course issuer bid for a portion of its common shares.
The bid allows TransAlta ( TAC ) to buy back up to a maximum of 14 million common shares, representing about 4.6% of the 303.3 million common shares issued and outstanding as at May 27. Any common shares acquired under the NCIB will be canceled.
TransAlta's ( TAC ) stock, which gained 3.5% in premarket US trading on Tuesday, edged up 0.1% in Canada yesterday.