TransAlta Corporation announced that the Toronto Stock Exchange (TSX) has accepted its notice to implement a new Normal Course Issuer Bid (NCIB). This renewed program authorizes TransAlta to repurchase up to a maximum of 14,000,000 of its common shares.
This maximum repurchase amount represents approximately 4.7% of the 296,449,829 common shares issued and outstanding as of May 20, 2025. The NCIB is scheduled to commence on May 31, 2025, and will conclude on May 30, 2026, unless terminated earlier or the maximum number of shares are purchased.
Under its previous NCIB, which ended on May 31, 2025, TransAlta repurchased and cancelled 7,963,000 common shares at an average price of $12.00 per share. The company's Board of Directors and Management believe that share repurchases under the NCIB can enhance shareholder value when the market price of common shares does not reflect their underlying value.
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