Holding(s) in Company

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RNS Number : 6691M Impax Environmental Markets PLC 23 December 2025  

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0031232498

Issuer Name

IMPAX ENVIRONMENTAL MARKETS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Saba Capital Management, L.P.

City of registered office (if applicable)

New York

Country of registered office (if applicable)

United States

4. Details of the shareholder



Name

City of registered office

Country of registered office

Saba Capital Master Fund, Ltd.



Cayman Islands

I-94 Partners Fund LP



United States

Stone Ridge Archimedes Sub-Master (Red) LP



United States

Saba Capital Pine Creek Fund, LP



United States

Saba K Fund, LP



United States

Saba Capital Income & Opportunities Fund II



United States

Saba Capital CEF Special Opportunities Master Fund 2, Ltd.



Cayman Islands

Saba Capital CEF Opportunities 2, Ltd.



Cayman Islands

Saba Capital CEF Opportunities 1, Ltd.



Cayman Islands

Saba Capital Income & Opportunities Fund



United States

Saba Capital Bluebird Fund, Ltd.



Cayman Islands

Saba Capital Arcadia Master Fund, Ltd.



Cayman Islands



5. Date on which the threshold was crossed or reached

19-Dec-2025

6. Date on which Issuer notified

22-Dec-2025

7. Total positions of person(s) subject to the notification obligation



% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

0.881212

18.300779

19.181991

36524540

Position of previous notification (if applicable)

0.800173

17.719738

18.519911



8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares



Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB0031232498

1677920

0

0.881212

0.000000

Sub Total 8.A

1677920

0.881212%



8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))



Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 







Sub Total 8.B1







8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))



Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Total Return Swap

12/15/2026



Cash

34846620

18.300779

Sub Total 8.B2



34846620

18.300779%



9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)



Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Boaz Weinstein

Saba Capital Management GP, LLC







Saba Capital Management GP, LLC

Saba Capital Management, L.P.



19.181991%



10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

 

12. Date of Completion

22-Dec-2025

13. Place Of Completion

New York



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