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

Apr 30, 2014

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