Edition:
India

TransAlta Updates Shareholders On Hearing Process


Tuesday, 16 Apr 2019 

April 15 (Reuters) - TransAlta Corp ::TRANSALTA UPDATES SHAREHOLDERS ON HEARING PROCESS.UPDATED SHAREHOLDERS REGARDING PRIVATE PROCEEDINGS SOUGHT TO BE COMMENCED BY DISSIDENT SHAREHOLDER MANGROVE PARTNERS BEFORE OSC AND ASC.OSC ELECTED TO DECLINE TO ASSERT JURISDICTION AND WILL NOT BE INVOLVED IN THESE PROCEEDINGS ANY FURTHER.NEXT STEP IN PROCEEDINGS IS FOR MANGROVE TO SEEK LEAVE FROM ASC TO PURSUE ITS COMPLAINTS AGAINST TRANSALTA.TRANSALTA - WILL OPPOSE MANGROVE'S EFFORTS TO OBTAIN LEAVE AND, IF LEAVE IS GRANTED, WILL VIGOROUSLY CONTEST MERITS OF MANGROVE'S COMPLAINTS.ASC WILL CONSIDER MANGROVE'S REQUEST FOR LEAVE WEEK, WITH ORAL DECISION SCHEDULED TO BE ISSUED BY ASC ON APRIL 18, 2019. 

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