TransAlta Announces Conversion Results for Series G and Series H Preferred Shares
TransAlta (TSX: TA; NYSE: TAC) has announced the results of the conversion process for its Cumulative Redeemable Rate Reset Preferred Shares, Series G (Series G Shares) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (Series H Shares). The company received election notices for the conversion of only 20,607 Series G Shares, which falls short of the one million shares required to initiate the conversion process. Consequently, no Series G Shares will be converted into Series H Shares on September 30, 2024. This announcement follows TransAlta's previous press release dated August 22, 2024, which outlined the conversion option for shareholders.
TransAlta (TSX: TA; NYSE: TAC) ha annunciato i risultati del processo di conversione delle sue Azioni Privilegiate a Riscatto Cumulativo con Tasso Reset, Serie G (Azioni Serie G) in Azioni Privilegiate a Riscatto Cumulativo con Tasso Variabile, Serie H (Azioni Serie H). L'azienda ha ricevuto avvisi di elezione per la conversione di sole 20.607 Azioni Serie G, che sono ben lontane dal milione di azioni necessario per avviare il processo di conversione. Di conseguenza, nessuna Azione Serie G sarà convertita in Azioni Serie H il 30 settembre 2024. Questo annuncio segue il precedente comunicato stampa di TransAlta datato 22 agosto 2024, in cui sono state illustrate le opzioni di conversione per gli azionisti.
TransAlta (TSX: TA; NYSE: TAC) ha anunciado los resultados del proceso de conversión de sus Acciones Preferentes con Derecho de Rescate Acumulativo, Serie G (Acciones Serie G) en Acciones Preferentes con Derecho de Rescate Acumulativo y Tasa Flotante, Serie H (Acciones Serie H). La compañía recibió avisos de elección para la conversión de solo 20,607 Acciones Serie G, lo cual está muy por debajo del millón de acciones necesarias para iniciar el proceso de conversión. En consecuencia, ninguna Acción Serie G será convertida en Acciones Serie H el 30 de septiembre de 2024. Este anuncio sigue al comunicado de prensa anterior de TransAlta fechado el 22 de agosto de 2024, que detallaba la opción de conversión para los accionistas.
TransAlta (TSX: TA; NYSE: TAC)는 누적 상환 가능한 이율 재설정 우선주 시리즈 G(시리즈 G 주식)를 누적 상환 가능한 변동 이율 우선주 시리즈 H(시리즈 H 주식)로 전환하는 과정의 결과를 발표했습니다. 이 회사는 전환을 위한 20,607개의 시리즈 G 주식에 대한 선택 통지를 받았으며, 이는 전환 프로세스를 시작하기 위해 필요한 백만 주에는 미치지 못합니다. 그 결과, 2024년 9월 30일에 시리즈 G 주식은 시리즈 H 주식으로 전환되지 않습니다. 이 발표는 2024년 8월 22일자 TransAlta의 이전 보도 자료에 이어진 것으로, 주주를 위한 전환 옵션이 설명되었습니다.
TransAlta (TSX: TA; NYSE: TAC) a annoncé les résultats du processus de conversion de ses Actions Privilégiées Récupérables à Taux Référencé Cumulatif, Série G (Actions Série G) en Actions Privilégiées Récupérables à Taux Flottant Cumulatif, Série H (Actions Série H). La société a reçu des avis de choix pour la conversion de seulement 20 607 Actions Série G, ce qui est bien en deçà du million d'actions requis pour initier le processus de conversion. En conséquence, aucune Action Série G ne sera convertie en Actions Série H le 30 septembre 2024. Cet annonce fait suite à un précédent communiqué de presse de TransAlta en date du 22 août 2024, qui a exposé l'option de conversion pour les actionnaires.
TransAlta (TSX: TA; NYSE: TAC) hat die Ergebnisse des Umwandlungsprozesses seiner kumulativ rückkaufbaren Zinsanpassungs-Vorzugsaktien der Serie G (Serie G Aktien) in kumulativ rückkaufbare variabel verzinsliche Vorzugsaktien der Serie H (Serie H Aktien) bekannt gegeben. Das Unternehmen erhielt Wahlbenachrichtigungen für die Umwandlung von nur 20.607 Serie G Aktien, was weit unter den eine Million Aktien liegt, die erforderlich sind, um den Umwandlungsprozess zu initiieren. Infolgedessen werden am 30. September 2024 keine Serie G Aktien in Serie H Aktien umgewandelt. Diese Ankündigung folgt auf die vorherige Pressemitteilung von TransAlta vom 22. August 2024, in der die Umwandlungsoption für die Aktionäre dargelegt wurde.
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CALGARY, Alberta, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) press release dated August 22, 2024, the Company announced today that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the “Series G Shares”) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the “Series H Shares”), there were only 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into Series H Shares on September 30, 2024.
About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 113 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 66 per cent reduction in GHG emissions or 21.3 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA.
For more information about TransAlta, visit our web site at transalta.com.
Forward Looking Information
This news release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “may”, “will”, “should”, “estimate”, “intend” or other similar words). Specifically, this news release contains forward-looking information with respect to the Company and the conversion of the Series G Shares and the Series H Shares. All forward-looking information reflects the Company’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release. TransAlta undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from those in the forward-looking information, refer to the Company’s most recent Annual Information Form, Annual Report and Management’s Discussion and Analysis and the Prospectus Supplement dated August 8, 2014, in each case filed under the Company’s profile on SEDAR at www.sedarplus.com.
For more information:
| Investor Inquiries: | Media Inquiries: |
| Phone: 1-800-387-3598 in Canada and US | Phone: 1-855-255-9184 |
| Email: investor_relations@transalta.com | Email: ta_media_relations@transalta.com |
FAQ
How many TransAlta Series G Shares were tendered for conversion to Series H Shares?
Will any TransAlta Series G Shares be converted to Series H Shares on September 30, 2024?
What was the minimum number of shares required for the TransAlta Series G to Series H conversion?
What is TransAlta's stock symbol on the NYSE?
