REG - Impax Environ Mkts - Result of AGM

Impax Environmental MarketsAnnouncement

20/05/2025 18:00

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RNS Number : 4821J  Impax Environmental Markets PLC  20 May 2025

Impax Environmental Markets plc

 

LEI: 213800RAR6ZDJLZDND86

 

20 May 2025

 

Results of Annual General Meeting

 

The Board of Impax Environmental Markets plc (the "Company") is pleased to
announce that all of the resolutions put forward at its Annual General Meeting
("AGM") held today, including the Company's triennial continuation vote, were
passed by the requisite majority.

 

All of the resolutions put forward at the AGM were voted on by way of a poll.
Details of the number of votes cast for, against and withheld in respect of
the resolutions are set out below and will be available shortly on the
Company's website at
https://impaxenvironmentalmarkets.co.uk/trust-info/reports-and-company-documents/
(https://impaxenvironmentalmarkets.co.uk/trust-info/reports-and-company-documents/)
along with the Investment Manager's presentation.

 

 Resolution                                                                               Votes For (including discretionary)     Votes Against        Votes Total  % ISC represented by total votes cast*  Votes Withheld*
                                                                                          Votes               %                   Votes       %        Votes        %                                       Votes
 Ordinary Resolutions
 1       To receive and adopt the audited financial statements of the Company for the     106,482,482         99.95               48,390      0.05     106,530,872  50.23                                   2,428,101
         financial year ended 31 December 2024 and the reports of the directors and the

         auditor on those financial statements.
 2       To receive, adopt and approve the Directors' remuneration report for the         106,195,518         99.83               179,001     0.17     106,374,519  50.16                                   2,584,454
         financial year ended 31 December 2024.

 3       To approve the Company's distribution policy as set out on page 7 of the         106,362,118         99.94               61,881      0.06     106,423,999  50.18                                   2,534,974
         circular to shareholders of the Company dated 3 April 2025.

 4       To re-elect Glen Suarez as a director of the Company.                            106,351,137         99.92               85,365      0.08     106,436,502  50.19                                   2,519,471

 5       To re-elect Stephanie Eastment as a director of the Company.                     106,357,113         99.92               84,639      0.08     106,441,752  50.19                                   2,514,221

 6       To re-elect Aine Kelly as a director of the Company.                             106,357,939         99.92               84,598      0.08     106,442,537  50.19                                   2,513,436

 7       To re-elect Elizabeth Surkovic as a director of the Company.                     106,348,648         99.91               96,389      0.09     106,445,037  50.19                                   2,510,936

 8       To re-elect Guy Walker as a director of the Company.                             106,350,352         99.92               88,650      0.08     106,439,002  50.19                                   2,516,971

 9       To re-appoint BDO LLP as auditor of the Company.                                 106,377,760         99.93               74,686      0.07     106,452,446  50.19                                   2,506,527

 10      To authorise the audit committee of the Board to determine the remuneration of   106,441,571         99.95               49,371      0.05     106,490,942  50.21                                   2,468,031
         the Company's auditor.

 11      To authorise the Company to allot shares for the purposes of section 551 of      106,377,411         99.92               80,391      0.08     106,457,802  50.20                                   2,501,171
         the Companies Act 2006.

 12      That, pursuant to article 152 of the Company's articles of association, the      96,508,048          89.57               11,234,741  10.43    107,742,789  50.80                                   22,789
         Company will continue to operate as an investment trust company until the

         conclusion of the annual general meeting of the Company to be held in 2028.
 Special Resolutions
 13      To authorise the Company to allot shares on a non-pre-emptive basis pursuant     106,243,184         99.82               194,864     0.18     106,438,048  50.19                                   2,520,925
         to sections 570 and 573 of the Companies Act 2006.

 14      To authorise the Company to repurchase its shares.                               104,480,938         98.10               2,021,303   1.90     106,502,241  50.22                                   2,453,732
 15      That a general meeting (other than an annual general meeting) of the Company     106,206,692         99.75               267,398     0.25     106,474,090  50.20                                   2,484,883
         may be called on not less than 14 clear days' notice.

 

* The number of ordinary shares in issue as at the voting record time of 6.00
p.m. (London time) on 16 May 2025 (the "Voting Record Time") was
305,623,539.  As at the Voting Record Time 93,536,912 ordinary shares were
held in treasury. Therefore, the total number of ordinary shares in the
Company in issue (excluding any ordinary shares held in treasury) as at the
Voting Record Time was 212,086,627.  This figure has been used for the
calculation of the proportion of the Company's issued share capital voted on
each resolution.

 

** A "Vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "For" or "Against" a resolution.

 

The full text of the resolutions is contained in the Notice of AGM dated 3
April 2025. The Notice of AGM is available for viewing on the National Storage
Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and on the Company's
website at
https://impaxenvironmentalmarkets.co.uk/impax-environmental-markets-plc-annual-general-meeting/
(https://impaxenvironmentalmarkets.co.uk/impax-environmental-markets-plc-annual-general-meeting/)
.

 

Copies of all the resolutions passed will be submitted to the National Storage
Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

For further information please contact:

 Apex Listed Companies Services (UK) Limited  +44 7443 970082
 Company Secretary

 

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