Impax Environmental Markets PLC

Notice of Dividend Amount • Feb 11, 2021

National Storage Mechanism | Additional information

RNS Number : 8576O

Impax Environmental Markets PLC

11 February 2021

IMPAX ENVIRONMENTAL MARKETS PLC (the "Company")

LEI: 213800RAR6ZDJLZDND86

Interim Dividend

11 February 2021

On 30 July 2020, the Board announced its intention to pay a second interim dividend for the 2020 financial year early in 2021 and ahead of the Company's Annual General Meeting, expected to be held in May 2021. The Board is now pleased to declare a second interim dividend of 1 penny per Ordinary Share, payable on 12 March 2021 to shareholders who appear on the register on 19 February 2021, with an ex-dividend date of 18 February 2021.  This is in lieu of a final dividend.

This equates to a total dividend for the 2020 financial year of 2.3 pence per Ordinary Share, as compared with 3.0 pence paid for 2019, reflecting dividend cuts from a number of our investments. Underlying earnings per share for 2020, based on the number of shares in issue as at 11 Feb 2021, were the equivalent of 1.95 pence, which the Board has supplemented by a transfer from revenue reserves.  

Between 1 January 2020 and the date of this announcement, the Company's issued share capital entitled to receive a dividend has grown by 33% and it is in an attempt to mitigate the dilutive effects of this expansion that the Board is using interim dividends to match earnings more closely with the shareholder register at the time those earnings arose. It is the Board's intention to revert to the payment of a final dividend as and when the Company stops growing its capital base.

Enquiries:

PraxisIFM Fund Services (UK) Limited         020 4513 9260

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