Exit Tender Offer
Impax Environmental Markets plc has issued a Circular to propose an Exit Tender Offer and Notice of Meeting. The Board strongly encouraged shareholders to vote in favour of the Exit Tender Offer.
The outcome of the meeting can be found below.
The deadline to tender has now passed. The results of the Tender Offer are expected to be announced on or around 21 April 2026.
Sustainability Impact label: these funds invest mainly in solutions to sustainability problems with an aim to achieve a positive impact for people or the planet. See Sustainability Disclosure Requirements (SDR) – Pre-Contractual Disclosures document here for a more detailed description of how the strategy underpinning IEM fulfils the label’s requirements.
The rationale for the Tender Offer
IEM’s Board has proposed an Exit Tender Offer so all shareholders can realise up to 100% of their investment at close to NAV and avoid the risk of Saba gaining control and changing the Company’s mandate. Glen Suarez, Chair, explains why the Board believes this is the best solution for shareholders.
IEM seeks to deliver market-beating equity returns by investing in a globally diversified portfolio of companies addressing resource efficiency and environmental risk.
There is an insatiable demand for higher living standards on our finite planet. IEM is founded on the belief that because of this, companies enabling the cleaner and therefore more efficient delivery of basic needs – such as power, water and food – or mitigating environmental risks like pollution and climate change, can grow earnings faster than the global economy over the long-term. Through detailed research of these Environmental Markets and careful stock selection, the Manager invests in a diversified portfolio of innovative, financially robust and globally listed companies whose technologies are economically attractive. The Board believes this approach can deliver superior risk-adjusted returns over the long-term.
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Information above correct as at 1 31/12/2025 217/04/2026
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