TransCanada Corporation announces shareholder approval of corporate name change and 2019 annual and special meeting Board of ...
04 May 2019 - 8:28AM
News Release – TransCanada Corporation (TSX, NYSE: TRP)
(TransCanada or the Company) today announced that shareholders
representing approximately 99.55% per cent of votes cast
approved a special resolution authorizing the Company to amend its
articles to change its name to:
TC Energy CorporationCorporation TC Énergie
The common shares of the Company will continue to trade on the
Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE)
under its existing trading symbol, TRP. The Company’s preferred
shares will also continue to trade on the TSX under their existing
trading symbols. The effective date of the change of name will be
the date of issuance of a certificate of amendment by the Director
under the Canada Business Corporations Act, which we expect to
receive shortly. Articles of Amendment for the name change have
been filed with Corporations Canada.
Voting Results of Directors
In addition to the approval of the special resolution,
shareholders also elected each of the following 12 nominees as
directors of the Company on a vote by ballot to serve until the
next annual meeting of shareholders of the Company, or until their
successors are elected or earlier appointed:
Nominee |
#
Votes For |
%
Votes For |
# Votes
Withheld |
% Votes
Withheld |
Stéphan Crétier |
598,634,895 |
99.77 |
1,365,426 |
0.23 |
Russell K. Girling |
598,964,473 |
99.83 |
1,035,542 |
0.17 |
S. Barry Jackson |
564,309,121 |
94.05 |
35,691,200 |
5.95 |
Randy Limbacher |
598,109,048 |
99.69 |
1,887,531 |
0.31 |
John E. Lowe |
596,309,489 |
99.38 |
3,690,612 |
0.62 |
Una Power |
598,076,424 |
99.68 |
1,923,677 |
0.32 |
Mary Pat Salomone |
598,073,376 |
99.68 |
1,926,945 |
0.32 |
Indira Samarasekera |
570,306,476 |
95.05 |
29,693,868 |
4.95 |
D. Michael G. Stewart |
592,814,246 |
98.80 |
7,186,075 |
1.20 |
Siim A. Vanaselja |
530,911,086 |
88.49 |
69,089,235 |
11.51 |
Thierry Vandal |
598,682,200 |
99.78 |
1,317,939 |
0.22 |
Steven W. Williams |
598,849,566 |
99.81 |
1,150,778 |
0.19 |
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Effective today, the Board of Directors welcomes our two new
independent directors, Ms. Una Power and Mr. Steven Williams.
“On behalf of the Board of Directors, I am very pleased to
welcome our two newest directors. Both Ms. Power and Mr. Williams
bring extensive experience in the energy industry, and will prove
to be valuable additions to our board,” said Siim Vanaselja, chair
of TransCanada’s Board of Directors.
Ms. Power is a corporate director and also serves on the boards
of the Bank of Nova Scotia and Teck Resources Limited. Previously,
Ms. Power was the Chief Financial Officer of Nexen Energy ULC. Mr.
Williams is a corporate director and also serves on the board of
Alcoa Corporation. Previously, Mr. Williams was the Chief Executive
Officer of Suncor Energy Inc.
Final voting results on all matters voted on at the meeting will
be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) and
posted to the Investors section of the Company website at
www.transcanada.com by no later than Tuesday, May 7, 2019.
With more than 65 years' experience, TransCanada is a leader in
the responsible development and reliable operation of North
American energy infrastructure including natural gas and liquids
pipelines, power generation and gas storage facilities. We operate
one of the largest natural gas transmission networks that extends
more than 92,600 kilometres (57,500 miles), connecting major gas
supply basins to markets across North America. TransCanada is a
leading provider of gas storage and related services with 653
billion cubic feet of storage capacity. A large independent power
producer, we currently own or have interests in more than 6,600
megawatts of power generation in Canada and the United States. We
are also the developer and operator of one of North America's
leading liquids pipeline systems that extends approximately 4,900
kilometres (3,000 miles), connecting growing continental oil
supplies to key markets and refineries. TransCanada's common shares
trade on the Toronto and New York stock exchanges under the symbol
TRP. Visit TransCanada.com to learn more, or connect with us
on social media.
FORWARD-LOOKING INFORMATION
This publication contains certain information
that is forward-looking and is subject to important risks and
uncertainties (such statements are usually accompanied by words
such as "anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada'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, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada 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
the anticipated results, refer to the Quarterly Report to
Shareholders dated May 2, 2019 and 2018 Annual Report filed under
TransCanada's profile on SEDAR at www.sedar.com and with the U.S.
Securities and Exchange Commission at www.sec.gov.
Media Enquiries:Grady Semmens403.920.7859 or
800.608.7859
Investor & Analyst Enquiries:David Moneta /
Duane Alexander403.920.7911 or 800.361.6522
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