Polaris Renewable Energy Proposes Amendment to Long-Term Incentive Plan

Polaris Renewable Energy Inc. (TSX:PIF) has announced that its board of directors has approved an amendment to the Company's omnibus long-term incentive plan. The proposed change will shift the plan from a rolling plan to a fixed plan. The amendment will be presented for shareholder approval at the upcoming meeting on June 20, 2024.

Details of the specific amendments will be included in an update to the management information circular dated May 17, 2024. Shareholders are encouraged to review the amended circular for more detailed information.

The proposed amendments will only become effective upon receiving all necessary approvals, including those from the shareholders and any relevant regulatory authorities during the Meeting.