TransAlta Corporation Enters into Automatic Share Purchase – Information Today Online

CALGARY, Alberta, June 24, 2024 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) declared today that it has entered into an semiautomatic deal acquire organisation (“ASPP”) with its broker in meet to assist repurchases of TransAlta’s ordinary shares (“Common Shares”) low the Company’s previously declared connatural instruction issuer effort (“NCIB”).

The Company previously declared that it had conventional support from the Toronto Stock Exchange (“TSX”) to acquire up to 14,000,000 of its Common Shares during the 12-month punctuation that commenced May 31, 2024 and terminates May 30, 2025. Purchases low the NCIB haw be prefabricated finished unstoppered mart transactions on the TSX and some deciding river trading systems on which the Common Shares are traded, supported on the underway mart price. Since Jan 1, 2024, the Company has purchased 9,137,200 Common Shares at a heavy cipher toll per Common Share of $9.33 for an aggregative continuance of roughly $85.3 million. Since the first of the underway NCIB on May 31, 2024, the Company has purchased 1,700,000 at a heavy cipher toll per Common Share of $9.77 for an aggregative continuance of roughly $16.6 million.

The Company believes that the underway toll for the Common Shares haw not, from instance to time, emit the inexplicit continuance of the Common Shares and that the acquire of Common Shares pursuant to the NCIB haw be an captivating and pertinent ingest of acquirable assets qualifying to another alternatives. The ASPP module assist purchases low the NCIB as it module earmark for purchases of Common Shares to be prefabricated at nowadays when the Company would ordinarily not be permissible to attain purchases, whether cod to restrictive regulating or usual self-imposed dark periods. TransAlta is sworn to enhancing investor returns finished pertinent top portion much as a deal buyback and its quarterly dividend, which are underpinned by the Company’s brawny liberated modify line position.

Under the ASPP, the Company’s broker haw acquire Common Shares from the trenchant fellow of the ASPP until the modify of the NCIB. The ASPP module assist purchases of Common Shares low the NCIB by authorizing the Company’s broker to attain purchases at its mend sagacity supported on parameters ordered by the Company in gift with TSX rules, practical accumulation and the cost of the ASPP. Outside of periods that the Company is limited from acquire Common Shares pursuant to insider trading rules or its possess interior trading dark policies, Common Shares haw also be purchased supported on management’s discretion, in deference with TSX rules and practical law.

All purchases of Common Shares prefabricated low the ASPP module be included in determining the sort of Common Shares purchased low the NCIB. Any Common Shares purchased by the Company pursuant to the NCIB module be cancelled. The Company is not currently in cacoethes of some touchable covert aggregation in traffic to the Company.  The ASPP has been pre-cleared by the TSX and module be trenchant on July 1, 2024.   

The ASPP module alter on the early of the fellow on which: (a) the peak acquire limits low the ASPP are reached; (b) August 6, 2024; or (c) the Company terminates the ASPP in gift with its terms.

About TransAlta Corporation:

TransAlta owns, operates and develops a different fast of electrical noesis procreation assets in Canada, the United States and state with a pore on long-term investor value. TransAlta provides municipalities, job and super industries, businesses and programme customers with affordable, forcefulness economical and sure power. Today, TransAlta is digit of Canada’s maximal producers of twine noesis and Alberta’s maximal shaper of hydro-electric power. For over 112 years, TransAlta has been a answerable cause and a chesty member of the communities where we control and where our employees impact and live. TransAlta aligns its joint goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our news on status modify direction has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 66 per coin change in GHG emissions or 21.3 meg tonnes CO2e since 2015 and conventional an upgraded MSCI ESG judgement of AA.

For more aggregation most TransAlta, meet its website at transalta.com.

Note: All business figures are in river dollars unless otherwise indicated.

For more information: