TransAlta Renewables Inc. Reports on Voting Results from 2015 Annual Meeting of Shareholders
CALGARY, Alberta (May 1, 2015) – The Annual Meeting of Shareholders (the “Meeting”) of TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) was held on May 1, 2015 in Calgary, Alberta. A total of 95,738,780 common shares, representing 83.49% of the Company’s outstanding common shares 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 proposed by management were elected by a show of hands. Proxies were received as follows:
|David D. Drinkwater||95,313,998||99.56%||422,2827||0.44%|
|Brett M. Gellner||86,754,894||90.62%||8,981,386||9.38%|
|Allen R. Hagerman||95,318,138||99.56%||418,142||0.44%|
|Kathryn A.B. McQuade||95,320,998||99.57%||415,282||0.43%|
|Paul H.E. Taylor||86,711,154||90.57%||9,025,126||9.43%|
2. Appointment of Auditors
The Appointment of Ernst & Young LLP to serve as the independent auditors for 2015 was approved by a show of hands. Proxies were received as follows:
About TransAlta Renewables
TransAlta Renewables owns 29 wind and hydroelectric power generation facilities, including our economic interest in Wyoming Wind, having an aggregate installed generating capacity of 1,376 MW, in which it holds a net ownership interest of approximately 1,255 MW. TransAlta Renewables’ power generating capacity is among the largest of any publicly-traded renewable independent power producer (“IPP”) in Canada, with more wind power generating capacity than any other Canadian publicly-traded IPP. TransAlta Renewables’ strategy is focused on the efficient operation of its portfolio of assets and expanding its asset base through the acquisition of high-quality contracted renewable and natural gas power generation facilities and other infrastructure assets. Our objectives are to (i) create stable, consistent returns for investors through the ownership of contracted renewable and, potentially, natural gas power generation and other infrastructure assets that provide stable cash flow through long-term contracts with creditworthy counterparties, including TransAlta; (ii) pursue and capitalize on strategic growth opportunities in the renewable and, potentially, natural gas power generation and other infrastructure sectors; and (iii) pay out a portion of cash available for distribution to the shareholders of the Corporation on a monthly basis.
For more information:
Director, Corporate Finance and Investor Relations
Phone: 1 800-387-3598 in Canada and U.S.
Manager, Investor Relations
Phone: 1-800-387-3598 in Canada and U.S.
Manager, External Communications
Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540
LAST: CAD$14.280 (+1.301%)
Our Investor Relations team is here to answer any questions you have about investing in our company.