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20 May 2025 17:46:46
- Source: Sharecast
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/ 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 financial year ended 31 December 2024 and the reports of the directors and the auditor on those financial statements. |
106,482,482
|
99.95 |
48,390 |
0.05
|
106,530,872 |
50.23 |
2,428,101
|
|
2 |
To receive, adopt and approve the Directors' remuneration report for the financial year ended 31 December 2024. |
106,195,518 |
99.83 |
179,001 |
0.17
|
106,374,519 |
50.16 |
2,584,454
|
|
3 |
To approve the Company's distribution policy as set out on page 7 of the circular to shareholders of the Company dated 3 April 2025. |
106,362,118 |
99.94 |
61,881 |
0.06 |
106,423,999 |
50.18 |
2,534,974
|
|
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 the Company's auditor. |
106,441,571 |
99.95 |
49,371 |
0.05 |
106,490,942 |
50.21 |
2,468,031
|
|
11 |
To authorise the Company to allot shares for the purposes of section 551 of the Companies Act 2006. |
106,377,411 |
99.92 |
80,391 |
0.08 |
106,457,802 |
50.20 |
2,501,171
|
|
12 |
That, pursuant to article 152 of the Company's articles of association, the 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. |
96,508,048 |
89.57 |
11,234,741 |
10.43 |
107,742,789 |
50.80 |
22,789
|
|
Special Resolutions |
||||||||
|
13 |
To authorise the Company to allot shares on a non-pre-emptive basis pursuant to sections 570 and 573 of the Companies Act 2006. |
106,243,184 |
99.82 |
194,864 |
0.18 |
106,438,048 |
50.19 |
2,520,925
|
|
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 may be called on not less than 14 clear days' notice. |
106,206,692 |
99.75 |
267,398 |
0.25 |
106,474,090 |
50.20 |
2,484,883 |
* 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 and on the Company's website at 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
For further information please contact:
|
Apex Listed Companies Services (UK) Limited |
+44 7443 970082 |
|
Company Secretary |
|
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