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Impax Environ Mkts (IEM)

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Thursday 20 May, 2021

Impax Environ Mkts

Result of AGM

RNS Number : 3549Z
Impax Environmental Markets PLC
20 May 2021
 

IMPAX ENVIRONMENTAL MARKETS PLC (the "Company")

 

LEI: 213800RAR6ZDJLZDND86


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 ("AGM") held earlier today were passed. All resolutions put forward passed with in excess of 96% of votes being cast in favour.  

 

As announced on 6 April 2021, in response to the COVID-19 pandemic and UK Government restrictions on indoor public gatherings, physical attendance at the meeting was restricted with shareholders voting in advance by proxy.

 

Details of the number of proxy votes cast for, against and withheld along with the Investment Manager's presentation have been published on the Company's website at https://impaxenvironmentalmarkets.co.uk/trust-info/reports-and-company-documents/  

 

The text of all the resolutions is contained in the Notice of AGM in the Company's Annual Report for the year ended 31 December 2020.

 

The proxy votes received were as follows:

 

Resolution

In Favour / Discretionary

Against

Withheld

1

To receive the Company's annual accounts for the year ended 31 December 2020.

144,080,507

99.99%

14,561

0.01%

10,754

2

To approve the Directors' Remuneration Policy included in

the Annual Report for the year ended 31 December 2020.

143,969,060

99.93%

94,069

0.07%

42,693

3

To approve the Directors' Remuneration Report included in

the Annual Report for the year ended 31 December 2020.

143,975,963

99.94%

84,161

0.06%

45,698

4

To approve the Company's Distribution Policy.

144,609,149

99.98%

23,137

0.02%

8,805

5

To re-elect John Scott as a director of the Company.

143,796,421

99.80%

289,342

0.20%

20,059

6

To re-elect Aine Kelly as a director of the Company.

144,028,561

99.96%

61,415

0.04%

15,846

7

To re-elect Stephanie Eastment as a director of the Company.

144,029,319

99.96%

60,657

0.04%

15,846

8

To re-elect Vicky Hastings as a director of the Company.

144,029,319

99.96%

61,315

0.04%

15,188

9

To elect Simon Fraser as a director of the Company.

144,070,725

99.99%

20,214

0.01%

14,883

10

To re-appoint BDO LLP as auditor to the Company.

144,048,084

99.97%

44,312

0.03%

13,426

11

To authorise the directors to fix the remuneration of the

auditor until the conclusion of the next Annual General

Meeting of the Company.

144,074,018

99.99%

15,241

0.01%

16,563

12

That the directors be authorised to exercise all powers to allot relevant securities up to a maximum nominal amount equal to £2,779,709 GBP.

144,024,990

99.96%

51,345

0.04%

29,487

13

That in substitution for any existing power under section 570 the directors be empowered to allot equity securities for cash.

144,020,528

99.96%

52,887

0.04%

32,407

14

That the Company be authorised to make market purchases of its Ordinary Shares of 10p each up to 14.99% of the shares in issue.

139,116,963

96.55%

4,969,892

3.45%

18,967

15

That a general meeting of the Company other than an Annual General Meeting may be called on not less than 14 clear days' notice.

143,634,541

99.68%

461,941

0.32%

9,340

 

 

On the record date for voting at the meeting, the Company's total issued share capital was 280,970,988 ordinary shares, therefore, the total number of ordinary shares with voting rights in the Company was 280,970,988.

 

Further to the announcement in the Company's Annual Report, after 10 years of service, William Rickett retired as a member of the Board and Chair of the Remuneration Committee at the conclusion of the AGM held today. The Company is pleased to announce that Vicky Hastings, has been appointed to replace Mr Rickett as Chair of the Remuneration Committee with immediate effect. 

 

Copies of all the resolutions passed, other than ordinary business, will be submitted to the National Storage Mechanism and will shortly be available for inspection at:  https://data.fca.org.uk/#/nsm/nationalstoragemechanism  

 

20 May 2021

 

Enquiries

 

PraxisIFM Fund Services (UK) Limited

Martin Darragh / Jenny Thompson 0204 513 9260

Company Secretary

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