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

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CALGARY, Alberta (April 30, 2014) – TransAlta held its Annual and Special Meeting of shareholders on April 29, 2014 in Calgary, Alberta. A total of 113,288,469 common shares, representing 41.90% of the shares outstanding were represented in person and by proxy at the meeting. Shareholders in attendance at the meeting represented 72,662 common shares.

The following resolutions were approved by shareholders:
1. Election of Directors

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

Nominee                                                

Votes For                    Per cent           Witheld          Per cent          

William D. Anderson

103,485,911

94.54%

5,972,620

5.46%

Timothy W. Faithfull

104,122,599

95.13%

5,335,932

4.87%

Dawn L. Farrell

104,213,421

95.21%

5,245,110

4.79%

Alan J. Fohrer

104,447,906

95.42%

5,010,625

4.58%

Gordon D. Giffin

99,930,498

91.30%

9,528,033

8.70%

C. Kent Jespersen

100,072,012

91.42%

9,386,519

8.58%

Michael M. Kanovsky

104,392,635

95.37%

5,065,896

4.63%

Karen E. Maidment

104,402,256

95.38%

5,056,275

4.62%

Yakout Mansour

104,339,381

95.32%

5,119,150

4.68%

Georgia R. Nelson 104,322,664 95.31% 5,135,867 4.69%

Martha C. Piper

103,630,928

94.68%

5,827,603

5.32%

 


 

2. Appointment of Auditors

The Appointment of Ernst & Young LLP to serve as the independent auditors for 2014 was approved by a show of hands. Proxies were received as follows:

Votes For                     

Per cent                 Witheld              Per cent               
         111,689,849 98.65%        1,525,958      1.35%

 


 

3. Confirming Amendments and Restatement of By-law No. 1

The ordinary resolution confirming the amendments and restatement of By-law Number 1 of the Corporation was approved by a show of hands. Proxies were received as follows:

Votes For                     

Per cent                 Witheld              Per cent               
         104,804,677 95.75%        4,648,512 4.25%

 


 

4. Confirming Adoption of Advance Notice By-law No. 2

The vote conducted by ballot, approved an ordinary resolution confirming a new by-law of the Corporation, By-law No. 2, adopting advance notice requirements for nomination of directors by shareholders. The results of the ballot were as follows:

Votes For                     

Per cent                 Witheld              Per cent               
         103,520,637 94.52%        5,997,094 5.48%

 


 

5. Advisory Vote on Executive Compensation

The vote conducted by ballot, approved, on an advisory basis, management’s approach to executive compensation. The results of the ballot were as follows:

Votes For                     

Per cent                 Witheld              Per cent               
         100,369,641 91.65%        9,147,347 8.35%

 


 

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, 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 selected by Sustainalytics as one of Canada’s Top 50 Socially Responsible Companies since 2009 and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good.

For more information:

Investor Inquiries:

Brent Ward 

Director, Corporate Finance and Investor Relations 

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

Email: investor_relations@transalta.com

Media Inquiries:

Stacey Hatcher

Manager, External Communications

Cell:587-216-2242

Toll-free media number: 1-855-255-9184

Alternate local number: 403-267-2540

 

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