TransAlta Corporation Announces Results of the Annual and Special Meeting of Shareholders and Election of all Directors

Apr 20, 2018

CALGARY, Alberta (April 20, 2018) – TransAlta Corporation (TSX: TA; NYSE: TAC) (“TransAlta” or the “Company”) held its Annual and Special Meeting of Shareholders on April 20, 2018 in Calgary, Alberta.  A total of 144,822,873 common shares, representing 50.30% of the shares outstanding were represented in person and by proxy at the meeting.

The following resolutions were considered by Shareholders:

  1. Election of Directors

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

Nominee Votes For Per cent Withheld Per cent
Rona H. Ambrose 132,865,050 94.55% 7,651,794 5.45%
John P. Dielwart 133,916,520 95.30% 6,600,324 4.70%
Timothy W. Faithfull 124,933,383 88.91% 15,583,461 11.09%
Dawn L. Farrell 133,862,685 95.26% 6,654,159 4.74%
Alan J. Fohrer 133,876,088 95.27% 6,640,756 4.73%
Gordon D. Giffin 132,761,866 94.48% 7,754,978 5.52%
Yakout Mansour 133,842,136 95.25% 6,674,708 4.75%
Georgia R. Nelson 126,143,038 89.77% 14,373,806 10.23%
Beverlee F. Park 126,679,805 90.15% 13,837,039 9.85%
Bryan D. Pinney 133,904,426 95.29% 6,612,418 4.71%

 

  1. Appointment of Auditors

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

Votes For Per cent Withheld Per cent
141,985,453 98.15% 2,672,377 1.85%

 

  1. Special Resolution on Reduction of Stated Capital

The special resolution on reduction of stated capital was conducted by ballot and the resolution was approved.  The votes by ballot were received as follows:

Votes For Per cent Votes Against Per cent
138,678,687 98.62% 1,933,521 1.38%

 

  1. Advisory Vote on Executive Compensation

The advisory vote on the Company’s approach to executive compensation was conducted by ballot and the resolution was approved.  The votes by ballot were received as follows:

Votes For Per cent Votes Against Per cent
125,154,694 89.01% 15,457,514 10.99%

About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. We provide municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, we are one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.  

For more information about TransAlta, visit our web site at transalta.com.

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: Toll-free media number: 1-855-255-9184
Email: investor_relations@transalta.com Email: ta_media_relations@transalta.com