2023-03-28 05:28:54 ET
- TransAlta ( NYSE: TAC ) entered into an automatic share purchase plan with a broker for facilitating repurchases of its shares under its earlier announced normal course issuer bid.
- It had earlier received approval from Toronto Stock Exchange to purchase up to 14M of its shares which represent ~5.2% of currently issued and outstanding shares during the 12-month period starting May 31, 2022.
- From then till date, the company has purchased 5.52M shares at a weighted average price per share of $11.85 for total value of $65.4M.
- Purchases under the current plan include 2.58M shares purchased in 2023 at a weighted average price per share of $11.18 for total value of $28.8M.
- The ASPP has been pre-cleared by the TSX and will be effective on or before Apr., 1, 2023.
For further details see:
TransAlta enters into automatic share purchase plan