Innergex Announces Director Election Results

LONGUEUIL, QC, May 15, 2013 /CNW Telbec/ - Innergex Renewable Energy Inc. (TSX: INE) announces that all nominees listed in the management proxy circular dated March 28, 2013 were elected as directors of the Corporation.

The detailed results of the vote by ballot for the election of directors, which was held during the annual and special meeting of shareholders held on May 14, are as follows:

  Votes For %
Votes For
Votes Withheld %
Votes Withheld
William A. Lambert 50,055,910 99.94% 28,464 0.06%
John A. Hanna 49,819,109 99.47% 265,265 0.53%
Jean La Couture 50,038,453 99.91% 45,921 0.09%
Michel Letellier 50,047,331 99.93% 37,043 0.07%
Daniel L. Lafrance 50,036,864 99.91% 47,510 0.09%
Lise Lachapelle 49,816,780 99.47% 267,594 0.53%
Richard Laflamme 50,018,175 99.87% 66,199 0.13%

The formal report on voting results with respect to all matters voted upon during the meeting will be filed with the regulatory authorities shortly.

About Innergex Renewable Energy Inc.

Innergex Renewable Energy Inc. (TSX: INE) is a leading Canadian independent renewable power producer. Active since 1990, the Corporation develops, owns, and operates run-of-river hydroelectric facilities, wind farms, and solar photovoltaic farms and carries out its operations in Quebec, Ontario, British Columbia, and Idaho, USA. Its portfolio of assets currently consists of: (i) interests in 28 operating facilities with an aggregate net installed capacity of 577 MW (gross 1,031 MW), including 22 hydroelectric operating facilities, five wind farms, and one solar photovoltaic farm; (ii) interests in seven projects under development or under construction with an aggregate net installed capacity of 190 MW (gross 263 MW), for which power purchase agreements have been secured; and (iii) prospective projects with an aggregate net capacity totaling 2,900 MW (gross 3,125 MW). Innergex Renewable Energy Inc. is rated BBB- by S&P and BB (high) by DBRS (unsolicited rating).

The Corporation's strategy for building shareholder value is to develop or acquire high-quality facilities generating sustainable cash flows and providing a high return on invested capital, and to distribute a stable dividend.

 

 

SOURCE: INNERGEX RENEWABLE ENERGY INC.

For further information:

Marie-Josée Privyk, CFA, SIPC
Director - Investor Relations
450 928-2550, ext. 222
mjprivyk@innergex.com

www.innergex.com