TransAlta Corporation Enters into Automatic Share Purchase Plan

Quick Summary:

The ASPP will facilitate purchases of Common Shares under the NCIB by authorizing the Company’s broker to make purchases at its sole discretion based on parameters set by the Company in accordance with TSX rules, applicable law and the terms of the ASPP.

CALGARY, Alberta, March 26, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation ("TransAlta” or the "Company”) (TSX: TA) (NYSE: TAC) announced today that it has entered into an automatic share purchase plan ("ASPP”) with its broker in order to facilitate repurchases of TransAlta’s common shares ("Common Shares”) under the Company’s previously announced normal course issuer bid ("NCIB”).

The ASPP will facilitate purchases under the NCIB as it will allow for purchases of Common Shares to be made at times when the Company would ordinarily not be permitted to make purchases, whether due to regulatory restriction or customary self-imposed blackout periods.

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Article Details

Author / Journalist: TransAlta Corporation

Category: Technology

Markets: ChinaAustraliaCanadaUnited States

Topics: CA89346D1078 TSX:TA NYSE:TAC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 21:14:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 717 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 27360062

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