TransAlta renews normal course issuer bid

TransAlta (TAC) announced that the Toronto Stock Exchange has accepted the notice filed by the company to implement a normal course issuer bid for a portion of its common shares. Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14M common shares, representing approximately 4.7% of the 296,449,829 common shares issued and outstanding as at May 20. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading systems on which the common shares are traded, based on the prevailing market price. Any common shares purchased under the NCIB will be cancelled.