07:36 AM EST, 12/12/2024 (MT Newswires) -- ATS (TSX and NYSE: ATS) on Thursday said the Toronto Stock Exchange approved the company's normal course issuer bid to buyback up to 10% of the outstanding common shares.

The company's U.S.-listed shares rose 3.8% to US$32.53 in pre-market trading. The Canadian-listed shares closed down 0.3% at $44.45 on Wednesday.

Under the NCIB, ATS can buy up to 8.26 million common shares. Over the past year, the company bought back and canceled 1.02 million common shares at a weighted average price of $44.07 apiece.