News Column

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

May 5, 2014



ENP Newswire - 05 May 2014

Release date- 02052014 - CALGARY, Alberta - 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.

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.

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.

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.

5. Advisory Vote on Executive Compensation

The vote conducted by ballot, approved, on an advisory basis, management's approach to executive compensation.

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.

Investor Contact:

Brent Ward

Director

Tel: 1 800-387-3598

Email: investor_relations@transalta.com

Media Contact:

Stacey Hatcher

Manager

Tel: 587-216-2242

Toll free: 1-855-255-9184


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Source: ENP Newswire


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