Result of AGM

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 £200,000. 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

 

END

 

 

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