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

Impax Environmental MarketsAnnouncement

21/04/2026 08:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260421:nRSU2110Ba&default-theme=true

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
(https://sabacapital.s3.us-west-1.amazonaws.com/Saba-IEM+Statement+(Apr.+21+2026).pdf)
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
(https://sabacapital.s3.us-west-1.amazonaws.com/Saba-IEM+Statement+(Apr.+21+2026).pdf)
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
(http://www.sabacapital.com) .

 

Media Contact

Longacre Square Partners

Kate Sylvester / Humza Vanderman
ksylvester@longacresquare.com (mailto:ksylvester@longacresquare.com)
 / hvanderman@longacresquare.com (mailto:hvanderman@longacresquare.com)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAAKKBNDBKBQQB



            Copyright 2019 Regulatory News Service, all rights reserved