REG - Impax Environ Mkts - Results of General Meeting and Tender Offer Update

Impax Environmental MarketsAnnouncement

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RNS Number : 8202A  Impax Environmental Markets PLC  16 April 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (UK MAR). ON
THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

For immediate release

 

Legal Entity Identifier: 213800RAR6ZDJLZDND86

16 April 2026

Impax Environmental Markets plc

Results of General Meeting and Tender Offer Update

On 17 March 2026, the Board of Impax Environmental Markets plc (the Company)
announced that it had published a circular in connection with the proposed
Exit Tender Offer for up to 100% of the Company's share capital (the
Circular). The intention to undertake the Exit Tender Offer in the event that
the Continuation Tender Offer was not able to be completed was first announced
on 16 January 2026.

The Company announces that the ordinary resolution (the Resolution) put
forward at its general meeting (General Meeting) held earlier today to approve
the Exit Tender Offer was passed by shareholders.

Elections for the Exit Tender Offer close at 1.00pm on 17 April 2026. A
further update as to the results of the elections made under the Exit Tender
Offer is expected to be made on or around 21 April 2026.

Glen Suarez, Chairman of the Company commented:

"Over 99% of IEM's shareholders today voted overwhelmingly in favour of the
Exit Tender Offer which will give all our shareholders the opportunity to exit
at close to NAV. While the Board firmly believes this is the right outcome,
there will be no celebration of today's successful vote as the vast majority
of shareholders have long supported IEM and its unique environmental markets
mandate.

"Shareholders have until 1.00pm on 17 April 2026 to tender their shares, which
may be the final opportunity to exit the Company at close to NAV. The
Directors will be tendering all of their own shares.

"Following completion of the Tender Offer, the Board will evaluate the
Company's position and consider the most appropriate strategy to serve the
interests of remaining shareholders."

The Resolution was voted on by way of a poll and the results are shown in the
table below:

 Resolution  In Favour / Discretionary         Against             Total votes cast (excluding withheld)     % of issued share capital (excluding Treasury shares)     Votes withheld
             Votes       %          Votes            %
 1           87,796,578  99.97      30,663           0.03  87,827,241                   46.13                                             30,860

 

On a poll, shareholders are entitled to one vote per share and there are no
restrictions on those voting rights.  Where shareholders appointed the
Chairman of the General Meeting as their proxy with discretion as to voting,
their votes were cast 'for' the Resolution and their shares have been included
in the 'In Favour/Discretionary' column.  A vote withheld is not a vote in
law and is not counted in the calculation of the proportion of votes 'for' and
'against' the relevant Resolution.

On the record date for voting at the General Meeting, the Company's issued
share capital was 305,623,539 ordinary shares. The Company was holding
115,212,960 of these shares in Treasury. Therefore, the total number of
ordinary shares with voting rights in the Company was 190,410,579.

The results of the poll votes will shortly be available on the Company's
website at: www.iemplc.co.uk (http://www.iemplc.co.uk) . The Resolution will
also be made available on the National Storage Mechanism shortly. The full
text of the Resolution is contained in the Notice of General Meeting which is
contained in the Circular published on 17 March 2026.

The Circular is available for
viewing at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Terms used but not defined in this announcement shall have the meanings given
to them in the Circular.

 

Enquiries:

Impax Environmental Markets PLC

Glen Suarez, Chairman, via Winterflood

+44 (0)20 3100 0000

 

Winterflood Securities Limited

Corporate Broker

Joe Winkley / Neil Morgan / Rose Ramsden

+44 (0)20 3100 0000

 

Camarco (media enquiries)

Billy Clegg / Jennifer Renwick
ImpaxEM@camarco.co.uk (mailto:ImpaxEM@camarco.co.uk)

+44(0)203 757 4980

 

Juniper Partners Limited

Corporate Secretary to Impax Environmental Markets plc

+44 (0)131 378 0500

 

Important information

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Juniper Partners Limited, the Company Secretary.

 

This announcement is not an offer to sell, or a solicitation of an offer to
acquire, securities in any jurisdiction in which the same would be unlawful.
Neither this announcement nor any part of it shall form the basis of or be
relied on in connection with or act as an inducement to enter into any
contract or commitment whatsoever. The full terms and conditions of any tender
offers will be set out in a circular or circulars, which Shareholders are
advised to read in full when published in due course. Any response to any
tender offers should be made only on the basis of the information in the
circular(s).

 

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