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Transalta Receives Notice Of Mangrove Partner's Intention To Nominate Dissident Board Candidates


Monday, 25 Mar 2019 10:55pm EDT 

March 25 (Reuters) - Transalta Corp ::TRANSALTA RECEIVES NOTICE OF MANGROVE PARTNER'S INTENTION TO NOMINATE DISSIDENT BOARD CANDIDATES.MANGROVE PARTNERS INTENDS TO NOMINATE FIVE CANDIDATES FOR ELECTION TO COMPANY'S BOARD OF DIRECTORS.TRANSALTA- SAID IT WILL REVIEW MANGROVE'S NOTICE, CONSIDER SUITABILITY OF ITS NOMINEES AND COMMUNICATE MORE FULLY WITH ITS SHAREHOLDER IN DUE COURSE.CO AND BROOKFIELD TO FORM JOINT OPERATING COMMITTEE, FOR PERIOD OF SIX YEARS.TRANSALTA ANNOUNCED A STRATEGIC $750 MILLION INVESTMENT BY BROOKFIELD RENEWABLE PARTNERS AND ITS INSTITUTIONAL PARTNERS.BROOKFIELD HAS COMMITTED TO PURCHASE TRANSALTA COMMON SHARES ON OPEN MARKET TO INCREASE ITS SHARE OWNERSHIP IN TRANSALTA TO 9%. 

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