Discount control policy

RNS Number : 0334G

Impax Environmental Markets PLC

31 May 2013

 



Impax Environmental Markets plc (the "Company")

31 May 2013

Discount control policy

Following dialogue with a number of the Company's shareholders, and after careful consideration of the most appropriate course of action for the Company, the Board of Impax Environmental Markets plc wishes to make the following statement with regard to the issue of discount control.

The Board remains fully committed to addressing the discount to net asset value at which the Company's shares currently trade in a proactive and decisive manner. To that end, the Board will make use of its share buyback powers to seek to narrow the discount, initially targeting in the near term (and in normal market conditions) a discount level of 10 per cent. or less.

Enquiries

Anthony Lee                                         020 7490 4355

Company Secretary

Cavendish Administration

David Yovichic                                      020 7523 8361

Canaccord Genuity

 

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