Impax Asset Management Regulatory News (IEM)

Legal Entity Identifier: 213800RAR6ZDJLZDND86

13 May 2026

Impax Environmental Markets plc

(the "Company")

Shareholder Requisition Update

As announced on 24 April 2026, the Company received a requisition notice on behalf of Saba Capital Management L.P. ("Saba") (the "Requisition Notice"). On review of the documentation, in conjunction with the Company's registrars, it was discovered that Saba's nominee was not the registered holder of sufficient shares on the date the Requisition Notice was served for it to be valid in accordance with section 303 of the Companies Act 2006.

The Company subsequently notified Saba of this issue and now acknowledges the receipt of an updated, valid, requisition notice (the "Updated Notice of Requisition") from Citibank NA London Branch acting as Custodian and on the instructions of Jefferies LLC which is itself acting as prime broker on behalf of Saba Capital Management L.P, requesting the convening of a general meeting to consider resolutions to remove the current board of directors of the Company (the "Board") and appoint Caroline Bault, Steven Grey, Jason Chen and Aaron Morris as new directors.

With respect to the Updated Notice of Requisition, the Board is intending to publish the required shareholder circular alongside its Notice of Annual General Meeting for the year ended 31 December 2025, concurrently, and expects to publish these shortly. It is intended that the Annual General Meeting will be held on 17 June 2026, with the Requisitioned General Meeting to be held on the same date.

The Updated Notice of Requisition has no impact on the completion of the tender offer which we anticipate will be completed in advance.

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 enquires)Billy Clegg / Jennifer Renwick ImpaxEM@camarco.co.uk 

+44(0)203 757 4980

Juniper Partners Limited

Corporate Secretary to Impax Environmental Markets plc

+44 (0)131 378 0500