Leading independent proxy advisor recommends Innergex shareholders vote for the arrangement with CDPQ

LONGUEUIL, QC, April 9, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX:INE.TO) ("Innergex" or the "Corporation") is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisor, has issued a report recommending that common shareholders of Innergex ("Innergex Shareholders") vote FOR the previously announced plan of arrangement (the "Arrangement") with CDPQ. Under the terms of the Arrangement, Innergex Shareholders will receive $13.75 for each share of Innergex owned (other than those already held by CDPQ and its affiliates and the shares to be rolled over by certain members of senior management) (the "Consideration"). The Consideration represents a premium of 58% to the closing price of Innergex shares on the Toronto Stock Exchange on February 24, 2025 and approximately 80% to the 30-day volume weighted average share price on the TSX for the period ending on the same date, being the last trading day prior to the execution of the Arrangement Agreement.