Impax Environmental Markets PLC Result of AGM (4798O)

TIDMIEM

RNS Number : 4798O

Impax Environmental Markets PLC

17 May 2018

Result of AGM

Impax Environmental Markets plc (the "Company") is pleased to announce that all of the resolutions put forward at its Annual General Meeting held earlier today were passed.

The text of all the resolutions is contained in the notice of meeting in the Company's Annual Report for the year ended 31 December 2017.

The proxy votes received were as follows:-

 
 Resolution    In favour    Discretionary    Against     Withheld 
-----------  ------------  --------------  -----------  --------- 
 1            102,755,286          16,779            0          0 
-----------  ------------  --------------  -----------  --------- 
 2            102,738,869          16,779       12,233      4,184 
-----------  ------------  --------------  -----------  --------- 
 3            102,738,869          16,779       12,233      4,184 
-----------  ------------  --------------  -----------  --------- 
 4            102,749,518          16,779          500      5,268 
-----------  ------------  --------------  -----------  --------- 
 5            102,749,518          16,779          500      5,268 
-----------  ------------  --------------  -----------  --------- 
 6            100,770,943          16,779    1,979,075      5,268 
-----------  ------------  --------------  -----------  --------- 
 7            102,750,018          16,779          118      5,150 
-----------  ------------  --------------  -----------  --------- 
 8             98,830,335          16,779    3,919,800      5,150 
-----------  ------------  --------------  -----------  --------- 
 9             78,446,110          16,779   24,304,025      5,150 
-----------  ------------  --------------  -----------  --------- 
 10           102,744,466          16,779       10,819          0 
-----------  ------------  --------------  -----------  --------- 
 11           102,755,286          16,779            0          0 
-----------  ------------  --------------  -----------  --------- 
 12            79,346,344          16,779   23,408,323        618 
-----------  ------------  --------------  -----------  --------- 
 13           102,745,834          16,779        5,268      4,184 
-----------  ------------  --------------  -----------  --------- 
 14           102,745,952          16,779        5,150      4,184 
-----------  ------------  --------------  -----------  --------- 
 15           102,745,834          16,779        5,150      4,302 
-----------  ------------  --------------  -----------  --------- 
 16           101,664,492          16,779    1,090,676        118 
-----------  ------------  --------------  -----------  --------- 
 

At the time of the above meeting, the Company's issued share capital was 225,737,355 ordinary shares. The Company was holding 45,698,109 of these shares in Treasury. Therefore, the total number of ordinary shares with voting rights in the Company was 180,039,246.

The Board has noted and discussed the significant votes against resolution 9, to re-appoint Ernst & Young LLP as auditors to the Company, and resolution 12, to increase the maximum aggregate annual remuneration for the Directors to GBP200,000. These resolutions have received support from the substantial majority of shareholders voting at the AGM. However, the Board has taken steps to understand why certain shareholders may have voted against these resolutions.

In the case of resolution 9, an audit tender was conducted during the year ended 31 December 2013 and Ernst & Young LLP were reappointed in that tender. Ernst and Young LLP's continuing appointment is compliant with current rules. In the case of resolution 12, the resolution was proposed to provide the Board with additional flexibility to meet the Company's circumstances. The Board continues to believe the resolutions are in the best interests of shareholders as a whole.

17 May 2018

Enquiries

PraxisIFM Fund Services (UK) Limited

   Anthony Lee / Maria Matheou     020 7653 9690 

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 17, 2018 10:32 ET (14:32 GMT)