Environmental Giant, Impax, Boosts Its Stake by Purchasing 400,000 of Its Own Shares

Impax Environmental Markets plc, a FTSE 250 listed company and a force to reckon with in the environmental sector, recently announced a bold move that is sure to pique investor interest. The company made the strategic decision to purchase 400,000 of its own ordinary shares from the market at a price of 374.78 pence per share. These shares will be held in the company’s treasury, taking the company’s treasury shareholding up to a staggering 92,513,856 shares.

This transaction decreases the total number of the company’s shares on the market, but notably, it increases the overall rights of the remaining shares. This leaves the total number of ordinary shares with voting rights in the company standing at 213,109,683. With these figures at hand, investors can ascertain their notification requirements regarding the Company under the FCA’s Disclosure Guidance and Transparency Rules.