Tender Price

Summary by AI ^BETAClose X

Impax Environmental Markets PLC has announced that all assets in the Tender Pool have been realised, with the Tender Pool Final Asset Value reaching £738,380,532 as of 13 May 2026, resulting in a Tender Price of 494.761953 pence. Consequently, all 148,202,139 validly tendered shares will be accepted and repurchased by Winterflood at this price, with payments expected around 22 May 2026, and the repurchased shares will be cancelled.

Disclaimer*

Impax Environmental Markets PLC

15 May 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO CANADA, AUSTRALIA, JAPAN, NEW ZEALAND (EXCEPT WHOLESALE INVESTORS), THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE TENDER OFFER (AS DEFINED HEREIN) IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE SECURITIES LAWS OR OTHERWISE.

For immediate release

Legal Entity Identifier: 213800RAR6ZDJLZDND86

15 May 2026

Impax Environmental Markets plc (the "Company")

Tender Price

Further to the announcement on 5 May 2026, the Board confirms that all the assets in the Tender Pool have been fully realised. The Tender Pool Determination Date was 13 May 2026 and, as at that date, the Tender Pool Final Asset Value was £738,380,532 which results in a Tender Price of 494.761953 pence.

As the Tender Pool Final Asset Value was lower than the Company's distributable reserves, all of the 148,202,139 Shares validly tendered will be accepted as Tender Exit Shares and will be repurchased by Winterflood.

Winterflood will, as principal, on the terms and subject to the conditions of the Exit Tender Offer, purchase the 148,202,139 Tender Exit Shares at the Tender Price in the market and then sell such Tender Exit Shares to the Company at the Tender Price in accordance with the Repurchase Agreement, with this expected to happen on or around 19 May 2026. All of the 148,202,139 Tender Exit Shares repurchased will be cancelled.

It is expected that payments in respect of Tender Exit Shares held in uncertificated form will be made in CREST on 22 May 2026 and that cheques will be dispatched on 22 May 2026 in respect of Tender Exit Shares held in certificated form.

Defined terms used in this announcement shall, unless the context requires otherwise, have the meanings ascribed to them in the circular to Shareholders published by the Company on 17 March 2026.

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

+44(0)203 757 4980

MUFG Corporate Markets (Receiving Agent)
+44 (0)371 664 0321.

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