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TransAlta Files Management Information Circular, Highlights Plan to Advance Clean Energy Strategy
TransAlta Files Management Information Circular, Highlights Plan to Advance Clean Energy S...
About this update from Transalta Corporation
[{"type":"text","content":"\n\n\n\nTransAlta Files Management Information Circular, Highlights Plan to Advance Clean Energy Strategy\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, April 1, 2019\n\n\n\nCALGARY, April 1, 2019 /CNW/ - TransAlta Corporation (\"TransAlta\" or the \"Company\") (TSX:TA) (NYSE:TAC) today issued a letter to shareholders and filed its management information circular (the \"Circular\") for its annual and special meeting of shareholders (the \"Meeting\") to be held on April 26, 2019. \nTransAlta encourages shareholders to read the Circular to gain insight into the extensive efforts undertaken to seek and reflect shareholder input, assess a wide range of strategic alternatives, engage constructively with shareholders, and secure an outstanding transaction with a leading global renewable energy investor and operator to advance its strategy. The Circular also addresses TransAlta's recent engagement with Mangrove Partners (\"Mangrove\") and Bluescape Energy Partners (\"Bluescape\"), which have notified the Company that they intend to nominate director candidates. \nTransAlta urges shareholders to vote the Blue proxy FOR TransAlta's director nominees in order to: (i) secure a strategic $750 million investment from Brookfield Renewable Partners, a world-class renewable energy investor and operator; (ii) strengthen TransAlta's ability to advance its strategy, invest in growth and accelerate the return of capital to shareholders; and (iii) add world-class renewable energy and capacity market expertise to its Board of Directors. A copy of the Circular can be downloaded from the Company's SEDAR profile at www.sedar.com and the Company's EDGAR profile at www.sec.gov/edgar.shtml. The Circular is also available at TransAlta's website.\nTransAlta Is Positioned to Advance Its Strategy, Return Capital To Shareholders And Achieve Its Goal Of 100% Clean Energy By 2025\n\"Over the past several years, TransAlta has successfully developed and implemented a strategy designed to navigate fundamental regulatory changes and a weak economy in our primary mar...