TransAlta Renewables Inc. Reports on Voting Results From The 2019 Annual Meeting of Shareholders

CALGARY, Alberta (April 25, 2019) – TransAlta Renewables Inc. (“TransAlta Renewables” or the “Company”) (TSX: RNW) held its Annual Meeting of Shareholders on April 25, 2019 in Calgary, Alberta.  A total of 205,073,469 Common Shares, representing 77.72% 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

195,689,472 95.60 9,003,485

4.40

Brett M. Gellner

199,994,717 97.70 4,698,240

2.30

Allen R. Hagerman

195,730,097 95.62 8,962,860

4.38

John H. Kousinioris

200,431,738 97.92 4,261,219

2.08

Kathryn B. McQuade

201,818,035 98.60 2,874,922

1.40

Paul H.E. Taylor

200,090,560 97.75 4,602,397

2.25

 

  1. Appointment of Auditors

The appointment of Ernst & Young LLP to serve as the independent auditors for 2019 was approved by a show of hands.  Proxies were received as follows:

Votes For

Percent Withheld

Percent

204,928,199

99.93 136,570

0.07

 

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 21 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, one solar facility and one natural gas pipeline, representing an ownership interest of 2,414 megawatts of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Wyoming, Massachusetts, Minnesota 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

Manager, Investor Relations                                                   Toll-free media number: 1-855-255-9184

Phone: 1-800-387-3598 in Canada and U.S.

Email: investor_relations@transalta.com                               Email: ta_media_relations@transalta.com

 

TSX:RNW
LAST: CAD$14.280 (+1.301%)
2016-12-28 16:00:00

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