Impax Asset Management Regulatory News (IEM)

Impax Environmental Markets - Flash note from QuotedData

9 June 2026

The endgame?

Impax Environmental Markets (IEM) has produced poor investment performance and is under pressure from activist hedge fund Saba Capital. In May, an exit tender offer saw about 80% of shares tendered. The fund, now much smaller, faces a Requisitioned General Meeting (RGM) on 17 June, where Saba aims to replace the entire IEM board with its own nominees.

IEM's chairman has said that Saba now effectively controls the fund's strategy, making it likely that Saba's proposals will be approved. If so, this will end the current board's tenure and start a new phase for IEM. There is little detail on what changes might follow; Saba has only said that the new board will focus on delivering long-term value for shareholders.

Full Research:

https://quoteddata.com/research/impax-environmental-markets-the-endgame-qd/

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