TransAlta Renewables Inc. Reports on Voting Results From The 2018 Annual Meeting of Shareholders

May 10, 2018

CALGARY, Alberta (May 10, 2018) – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) held its Annual Meeting of Shareholders on May 10, 2018 in Calgary, Alberta.  A total of 202,495,163 Common Shares, representing 80.83% of the shares outstanding, were represented in person and by proxy at the meeting.

The following resolutions were approved by shareholders:

  1. Election of Directors

 The six director nominees were elected by a show of hands.  Proxies were received as follows:

Nominee

Votes For

Percent Withheld

Percent

David W. Drinkwater

198,352,015

98.12 3,795,732

1.88

Brett M. Gellner

195,951,092

96.93 6,196,655

3.07

Allen R. Hagerman

198,363,664

98.13 3,784,083

1.87

John H. Kousinioris

196,722,941

97.32 5,424,806

2.68

Kathryn B. McQuade

197,899,223

97.90 4,248,524

2.10

Paul H.E. Taylor

196,306,016

97.11 5,841,731

2.89

  1. Appointment of Auditors

The appointment of Ernst & Young LLP to serve as the independent auditors for 2018 was approved by a show of hands.  Proxies were received as follows:

Votes For

Percent Withheld Percent

202,321,541

99.92 167,622

0.08

About TransAlta Renewables Inc.

TransAlta Renewables is among the largest of any publicly traded renewable independent power producers (“IPP”) in Canada. Our asset platform and economic interests are diversified in terms of geography, generation and counterparties and consist of interests in 18 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities and one natural gas pipeline, representing an ownership interest of 2,316 MW of net generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the State of Wyoming and the State of Western Australia. Our objectives are to (i) provide stable, consistent returns for investors through the ownership of, and investment in, highly contracted renewable and natural gas power generation and other infrastructure assets that provide stable cash flow primarily through long-term contracts with strong counterparties; (ii) pursue and capitalize on strategic growth opportunities in the renewable and natural gas power generation and other infrastructure sectors; (iii) maintain diversity in terms of geography, generation and counterparties; and (iv) pay out 80 to 85 per cent of cash available for distribution to the shareholders of the Company on an annual basis.

For more information:

Investor Inquiries: Media Inquiries:
Sally Taylor Stacey Hatcher
Manager, Investor Relations Manager, Communications
Phone: 1-800-387-3598 in Canada and U.S. Phone: 1-855-255-9184
Email: investor_relations@transalta.com Email: ta_media_relations@transalta.com

 

TSX:RNW
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