Early Warning Release
Brookfield, through its renewable power and transition business, has sold 8,600,000 common shares of TransAlta on the Toronto Stock Exchange. The transaction was completed at C$19.65 per share, generating approximately C$168,990,000 in gross cash consideration.
Prior to the transaction, Brookfield owned 35,523,345 shares (11.9% of TransAlta). Following the sale, Brookfield's ownership decreased to 26,923,345 shares, representing approximately 9% of TransAlta's outstanding shares - a reduction of 2.9%. The disposition aligns Brookfield's share ownership with certain threshold agreements.
While there are no immediate plans for further sales, Brookfield maintains the flexibility to modify its position based on various factors including share price, transaction terms, liquidity needs, and diversification objectives.
Brookfield, attraverso il suo business di energia rinnovabile e transizione, ha venduto 8.600.000 azioni ordinarie di TransAlta sulla Borsa di Toronto. La transazione è stata completata a C$19,65 per azione, generando circa C$168.990.000 in considerazione monetaria lorda.
Prima della transazione, Brookfield possedeva 35.523.345 azioni (11,9% di TransAlta). Dopo la vendita, la proprietà di Brookfield è diminuita a 26.923.345 azioni, rappresentando circa il 9% delle azioni in circolazione di TransAlta - una riduzione del 2,9%. La disposizione allinea la proprietà azionaria di Brookfield con determinati accordi di soglia.
Sebbene non ci siano piani immediati per ulteriori vendite, Brookfield mantiene la flessibilità di modificare la sua posizione in base a vari fattori, tra cui il prezzo delle azioni, i termini della transazione, le necessità di liquidità e gli obiettivi di diversificazione.
Brookfield, a través de su negocio de energía renovable y transición, ha vendido 8,600,000 acciones ordinarias de TransAlta en la Bolsa de Toronto. La transacción se completó a C$19.65 por acción, generando aproximadamente C$168,990,000 en consideración en efectivo bruto.
Antes de la transacción, Brookfield poseía 35,523,345 acciones (11.9% de TransAlta). Tras la venta, la propiedad de Brookfield se redujo a 26,923,345 acciones, representando aproximadamente el 9% de las acciones en circulación de TransAlta - una disminución del 2.9%. La disposición alinea la propiedad de acciones de Brookfield con ciertos acuerdos de umbral.
Aunque no hay planes inmediatos para más ventas, Brookfield mantiene la flexibilidad para modificar su posición en función de varios factores, incluyendo el precio de las acciones, los términos de la transacción, las necesidades de liquidez y los objetivos de diversificación.
브룩필드는 재생 가능 에너지 및 전환 사업을 통해 트랜스알타의 일반 주식 8,600,000주를 토론토 증권 거래소에서 매각했습니다. 이 거래는 주당 C$19.65에 완료되어, 약 C$168,990,000의 총 현금 대가를 생성했습니다.
거래 이전에 브룩필드는 35,523,345주를 보유하고 있었으며(트랜스알타의 11.9%). 판매 후, 브룩필드의 소유주는 26,923,345주로 감소했으며, 이는 트랜스알타의 발행 주식 중 약 9%를 나타내며 - 2.9% 감소한 수치입니다. 이러한 처분은 브룩필드의 주식 소유를 특정 임계값 합의와 일치시키는 것입니다.
즉각적인 추가 판매 계획은 없지만, 브룩필드는 주가, 거래 조건, 유동성 필요 및 다각화 목표를 포함한 여러 요인에 따라 자신의 포지션을 수정할 수 있는 유연성을 유지합니다.
Brookfield, à travers son activité d'énergie renouvelable et de transition, a vendu 8 600 000 actions ordinaires de TransAlta sur la Bourse de Toronto. La transaction a été réalisée à C$19,65 par action, générant environ C$168 990 000 en considération monétaire brute.
Avant la transaction, Brookfield possédait 35 523 345 actions (11,9 % de TransAlta). Suite à la vente, la participation de Brookfield est passée à 26 923 345 actions, représentant environ 9 % des actions en circulation de TransAlta - une réduction de 2,9 %. La disposition aligne la participation de Brookfield avec certains accords de seuil.
Bien qu'il n'y ait aucun plan immédiat pour d'autres ventes, Brookfield conserve la flexibilité de modifier sa position en fonction de divers facteurs, notamment le prix des actions, les conditions de la transaction, les besoins de liquidité et les objectifs de diversification.
Brookfield hat über sein Geschäft mit erneuerbarer Energie und Übergang 8.600.000 Stammaktien von TransAlta an der Toronto Stock Exchange verkauft. Die Transaktion wurde zu einem Preis von C$19,65 pro Aktie abgeschlossen und erzielte etwa C$168.990.000 in brutto Barzahlung.
Vor der Transaktion hielt Brookfield 35.523.345 Aktien (11,9% von TransAlta). Nach dem Verkauf reduzierte sich der Besitz von Brookfield auf 26.923.345 Aktien, was etwa 9% der ausgegebenen Aktien von TransAlta entspricht - eine Reduktion um 2,9%. Diese Verfügung bringt den Aktienbesitz von Brookfield in Einklang mit bestimmten Schwellenvereinbarungen.
Obwohl es keine sofortigen Pläne für weitere Verkäufe gibt, behält sich Brookfield die Flexibilität vor, seine Position je nach verschiedenen Faktoren wie Aktienkurs, Transaktionsbedingungen, Liquiditätsbedarf und Diversifizierungszielen anzupassen.
- Generated C$168.99 million in gross cash proceeds from share sale
- Reduction in strategic ownership position from 11.9% to 9%
- Potential for further share dispositions creating selling pressure
Insights
Brookfield's strategic sale of
The transaction price of
For retail investors, this move signals neither a loss of confidence nor a full retreat from TransAlta. Instead, it represents normal portfolio management by a major institutional investor. The transaction's size and pricing mechanism through the Toronto Stock Exchange indicates strong market absorption capacity for TransAlta shares, which is a positive indicator for overall market liquidity.
The block sale's execution on the Toronto Stock Exchange without significant price disruption demonstrates robust institutional demand for TransAlta shares. The
The transaction's structure as a single block trade minimizes market impact and suggests careful coordination with institutional buyers, indicating sustained institutional interest in TransAlta's business model and growth prospects. The retention of a
Market participants should note that this transaction likely creates improved float and potentially enhanced trading liquidity for TransAlta shares. The careful wording regarding potential future transactions preserves Brookfield's strategic flexibility while maintaining transparency with market participants - a balanced approach that supports market stability.
All amounts in Canadian dollars unless otherwise stated.
BROOKFIELD, NEWS, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Brookfield, through its renewable power and transition business, alongside institutional partners (collectively, “Brookfield”), sold in aggregate 8,600,000 common shares (the “Common Shares”) in the capital of TransAlta Corporation (“TransAlta”) on the Toronto Stock Exchange for aggregate gross cash consideration of approximately C
Prior to giving effect to the Transaction, Brookfield owned or had control over an aggregate of 35,523,345 Common Shares representing approximately
The disposition of the Common Shares more closely aligns Brookfield’s aggregate share ownership with certain thresholds under various agreements. Although there are no current specific plans or proposals for further dispositions of the Common Shares, Brookfield may, at any time and from time to time, subject to compliance at all relevant times with certain agreements and regulatory requirements and applicable securities laws, terminate in whole or in part, dispose of or distribute some or all of its Common Shares or such other securities it owns or may subsequently acquire, depending on various factors, including the price of the Common Shares; terms and conditions applicable to any potential transaction; liquidity and diversification objectives of Brookfield; and such other factors that it deems relevant at any time or from time to time.
TransAlta’s head office is located at Transalta Place, 1400-1100 1st St S.E., Calgary, Alberta, T2G 1B1, Canada.
For more information, please visit our website at www.bn.brookfield.com or contact:
| Media Kerrie McHugh Tel: (212) 618-3469 Email: kerrie.mchugh@brookfield.com | Investor Relations Angela Yulo Tel: (416) 943-7955 Email: angela.yulo@brookfield.com |
FAQ
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