Polaris Renewable Energy (PIF) AGM 2025 summary

Opening remarks and agenda

• Meeting called to order with virtual participation and voting procedures explained.

• Only shareholders of record as of April 30, 2025, or their proxies, could vote or ask questions.

• Agenda included presentation of financial statements, election of directors, and auditor reappointment.

Board and executive committee updates

• Board set at six directors, with all nominees elected to serve until the next annual meeting.

• No other nominations received; voting conducted electronically.

Financial performance review

• High plant availability and operational performance reported for 2024 and Q1 2025.

• Addition of a wind plant in Puerto Rico and continued strong operational results.

• Balance sheet strengthened by a bond offering, resulting in $80–$90 million in cash for growth.