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TransAlta Renewables Inc. Reports on Voting Results From The 2021 Annual Meeting of Shareholders

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CALGARY, AB, May 18, 2021 /CNW/ - TransAlta Renewables Inc. ("TransAlta Renewables" or the "Company") (TSX: RNW) held its virtual Annual Meeting of Shareholders on May 18, 2021. A total of 201,321,092 Common Shares, representing 75.44% 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 six director nominees were elected. The votes by ballot were received as follows:

Nominee

Votes For

Percent

Withheld

Percent

David W. Drinkwater

196,219,163

97.82

4,365,520

2.18

Brett M. Gellner

195,481,934

97.46

5,102,749

2.54

Allen R. Hagerman

197,505,053

98.46

3,079,630

1.54

Georganne Hodges

200,385,917

99.90

198,766

0.10

Kerry O'Reilly Wilks

195,518,248

97.47

5,066,435

2.53

Todd J. Stack

197,625,928

98.52

2,958,755

1.48

Paul H.E. Taylor

194,089,018

96.76

6,495,665

3.24

Susan M. Ward

200,390,363

99.90

194,320

0.10

2. Appointment of Auditors

The appointment of Ernst & Young LLP to serve as the independent auditors for 2021 was approved. The votes by ballot were received as follows:

Votes For

Percent

Withheld

Percent

201,125,345

99.90

195,747

0.10

About TransAlta Renewables Inc.

TransAlta Renewables is among the largest of any publicly traded renewable independent power producers ("IPP") in Canada. Our asset platform and economic interests are diversified in terms of geography, generation and counterparties and consist of interests in 24 wind facilities, 13 hydroelectric facilities, eight natural gas generation facilities, one solar facility, one natural gas pipeline, and one battery storage project, representing an ownership interest of 2,633 megawatts of owned generating capacity, located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the States of Pennsylvania, New Hampshire, Wyoming, Massachusetts, Michigan, Minnesota, Washington and the State of Western Australia. Our objectives are to (i) provide stable, consistent returns for investors through the ownership of, and investment in, highly contracted renewable and natural gas power generation and other infrastructure assets that provide stable cash flow primarily through long-term contracts with strong counterparties; (ii) pursue and capitalize on strategic growth opportunities in the renewable and natural gas power generation and other infrastructure sectors; (iii) maintain diversity in terms of geography, generation and counterparties; and (iv) pay out 80 to 85 per cent of cash available for distribution to the shareholders of the Company on an annual basis.

SOURCE TransAlta Renewables Inc.

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/May2021/18/c9529.html