RCS - Saba Capital Mgmt. - SABA LETTER TO IEM BOARD

Impax Environmental Markets

21/04/2026 07:00

RNS Number : 2110B

Saba Capital Management L.P

21 April 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 

SABA LETTER TO IEM BOARD

 

 

Sends Letter to Impax Environmental Markets PLC's Board of Directors Regarding its Intention to Requisition a General Meeting to Replace the Board and Deliver Long-Term Value to Shareholders

 

Saba Capital Management, L.P. (together with certain of its affiliates, "Saba"), the largest shareholder of Impax Environmental Markets PLC (IEM:LSE) (the "Company"), today released a letter sent yesterday to the Company's Board of Directors (the "Board") regarding its intention to requisition a general meeting of the Company to provide shareholders the opportunity to vote to remove the entire incumbent Board and, in its place, appoint a new board composed solely of qualified, independent directors who are committed to delivering long-term value for all shareholders.

 

The terms of the accompanying disclaimer at the end of the letter are included by reference into this announcement and should be noted.

 

About Saba

 

Saba Capital Management, L.P. is a global alternative asset management firm that seeks to deliver superior risk-adjusted returns for a diverse group of clients. Founded in 2009 by Boaz Weinstein, Saba is a pioneer of credit relative value strategies and capital structure arbitrage. Saba has offices in New York City and London. Learn more at www.sabacapital.com.

 

Media Contact

Longacre Square Partners

Kate Sylvester / Humza Vanderman
 ksylvester@longacresquare.com / hvanderman@longacresquare.com

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