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Shareholders back exit from Impax Environmental Markets
20 April 2026Most shareholders in London Stock Exchange-listed Impax Environmental Markets have chosen to exit the closed-end fund following a vote designed to placate activist investor Saba Capital.
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Impax Environmental Markets board backs exit for shareholders
17 March 2026Board directors of the Impax Environmental Markets (IEM), a London-listed closed-end fund, have called on existing investors to vote in favour of a resolution to realise their holdings in the investment trust.
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Activist Saba rejects Impax Environmental Markets tender offer
02 March 2026US activist investor Saba Capital Management rejected a 'share tender offer' by the £982.9 million ($1.3 billion) Impax Environmental Markets (IEM) after calling for investment manager Impax Asset Management to pay costs.
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'It's only a matter of time before people spot that the sector is very cheap right now'
28 April 2025Impax Environmental Markets chair Glen Suarez says valuations do not reflect the sector's growth prospects. Peter Cripps reports