TransAlta shareholders approve all resolutions at the Annual and Special Meeting of Shareholders

Apr 22, 2016

CALGARY, Alberta (April 22, 2016) – TransAlta Corporation (“TransAlta”) (TSX: TA; NYSE: TAC) held its Annual and Special Meeting of Shareholders on April 22, 2016 in Calgary, Alberta. A total of 125,730,698 common shares, representing 43.67% 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 nine director nominees were elected by a show of hands. Proxies were received as follows:

Nominee                                                

      Votes For         Per cent         Witheld         Per cent   
John P. Dielwart 118,187,887 98.00% 2,412,941 2.00%
Timothy W. Faithfull 115,338,336 95.64% 5,262,492 4.36%
Dawn L. Farrell 116,309,199 96.44% 4,291,629 3.56%
Alan J. Fohrer 118,300,587 98.09% 2,300,241 1.91%
Gordon D. Giffin 114,788,071 95.18% 5,812,757 4.82%
P. Thomas Jenkins 117,831,284 97.70% 2,769,544 2.30%
Yakout Mansour 118,134,448 97.95% 2,466,380 2.05%
Georgia R. Nelson 117,311,342 97.27% 3,289,486 2.73%
Beverlee F. Park 118,098,113 97.92% 2,502,715 2.08%

 

2. Appointment of Auditors

The Appointment of Ernst & Young LLP to serve as the independent auditors for 2016 was approved by a show of hands. Proxies were received as follows:

      Votes For      

       Per cent             Witheld             Per cent   
122,446,551 97.49% 3,147,252 2.51%

 

3. Continuation of Shareholder Rights Plan

The vote on the resolution to continue, ratify, confirm and approve the Shareholder Rights Plan was approved by a show of hands. Proxies were received as follows:

      Votes For       

      Per cent              Witheld             Per cent
116,856,816 96.90% 3,743,514 3.10%

 

3. Advisory Vote on Executive Compensation

The non-binding advisory vote to accept TransAlta’s approach to executive compensation was conducted by ballot, and approved as follows:

      Votes For       

       Per cent             Witheld              Per cent    
114,134,648 94.64% 6,466,180 5.36%

 

About TransAlta

TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. TransAlta’s focus is to efficiently operate wind, hydro, solar, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. TransAlta has been recognized on CDP’s Canadian Climate Disclosure Leadership Index (CDLI), which includes Canada’s top 20 leading companies reporting on climate change, and has been selected by Corporate Knights as one of Canada’s Top 50 Best Corporate Citizens and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good.

For more information about TransAlta, visit our web site at transalta.com, or follow us on Twitter @TransAlta.

For more information:

Investor Inquiries:

Jaeson Jaman
Manager, Investor Relations
Phone: 1-800-387-3598 in Canada and U.S.
Email: investor_relations@transalta.com

Media Inquiries:

Stacey Hatcher
Manager, Communications
Toll-free media number: 1-855-255-9184
Email: ta_media_relations@transalta.com