Result of AGM

RNS Number : 2570T

Impax Asset Management Group plc

16 March 2023

 

16 March 2023

Impax Asset Management Group plc ("Impax" or the "Company")

Result of AGM

Impax confirms that at the Company's Annual General Meeting held today all resolutions were duly passed. The proxy votes validly cast for each of the resolutions are set out in the table below.

Resolution		Votes cast 'For' (includes discretionary)	%	Votes cast 'Against'	%	Votes withheld	Total Votes Cast (excluding Withheld)
1	To receive and adopt the Company's annual accounts for the financial year ended 30 September 2022	94,990,874	100.0	218	0.00	48,013	95,039,105
2	To receive and approve the Directors' Remuneration Report (advisory vote)	55,590,313	79.28	14,619,547	20.72	24,471,134	95,040,994
3	To re-elect Sally Bridgeland as a Director	94,580,057	99.52	453,518	0.48	7,419	95,040,994
4	To re-elect Ian R Simm as a Director	94,871,810	99.83	161,765	0.17	7,419	95,040,994
5	To re-elect Arnaud de Servigny as a Director	94,486,127	99.42	547,448	0.58	7,419	95,040,994
6	To elect Annette E Wilson as a Director	95,022,785	99.99	10,790	0.01	7,419	95,040,994
7	To re-elect Lindsey Brace Martinez as a Director	94,740,853	99.69	291,291	0.31	8,850	95,040,994
8	To re-elect William Simon O'Regan as a Director	94,799,404	99.75	234,171	0.25	7,419	95,040,994
9	To reappoint KPMG LLP as auditor of the Company	92,798,010	97.70	2,181,238	2.30	68,600	95,047,848
10	To authorise the Directors to fix the remuneration of the auditor	94,416,623	99.41	556,607	0.59	65,875	95,039,105
11	To declare a final dividend of 22.9 pence per share	95,040,776	100.00	218	0	0	95,040,994
12	To authorise the Directors to allot shares	94,364,717	99.29	675,402	0.71	875	95,040,994
13	To authorise the Directors to disapply pre-emption rights*	94,978,900	99.94	61,019	0.06	1,075	95,040,994
14	To authorise the Directors to disapply pre-emption rights in relation to an acquisition or capital investment*	94,739,561	99.68	300,358	0.32	1,075	95,040,994
15	To authorise the Company to make market purchases of its  shares*	92,728,559	99.99	11,705	0.01	2,300,690	95,040,994

* Special Resolutions requiring 75% majority to pass

Impax is committed to enhancing its corporate governance practices, and notes that while the non-binding resolution to approve the Directors' Remuneration Report was passed, the Directors are mindful of the votes against and withheld. Building on feedback from shareholders we have increased our disclosures around variable remuneration in this year's report. We intend to develop this disclosure by publishing further details on the Executive Directors' objectives as our approach to variable remuneration continues to evolve.

LEI number: 213800AJDNW4S2B7E680

Enquiries:

Impax Asset Management Group plc Ian Simm, Chief Executive Paul French, Director of Communications [e-mail]	[phone] [phone]
Montfort Communications Gay Collins Jack Roddan [e-mail]	[phone] [phone]
Peel Hunt LLP, Nominated Adviser and Joint Broker Paul Shackleton or John Welch	[phone]
Berenberg , Joint Broker Gillian Martin	[phone]

Notes to Editors - About Impax Asset Management

Founded in 1998, Impax is a specialist asset manager, with £40.4bn / US$48.6bn as of 28 February 2023 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.

Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.

The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.

Impax has approximately 300 employees across its offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector's largest investment teams dedicated to sustainable development.

For further information please visit www.impaxam.com.

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange.  Impax Asset Management Group plc is registered in England & Wales, number 03262305.  AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC.  Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc.  Please note that the information provided and links from it should not be relied upon for investment purposes.

 

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