Impax Environmental Markets plc ("IEM", or the "Company") - Annual Report
Monday, March 29, 2010
For the year ended 31 December 2009
Highlights
- Another strong year - 28.0% rise in diluted net asset value
(excluding income) to 126.5p per Ordinary Share at 31 December 2009
which is the highest annual return since launch in 2002
- Share price rose 40.1% from 85.0p to 119.1p. Over the same
period, the MSCI World and the MSCI World Small Cap Indices rose by
14.6% and 27.9% respectively
- During the last five years to 31 December 2009, the diluted NAV
(excluding income) rose 64.9% compared to 18.6% for the MSCI World
Index and 26.3% for the MSCI World Small Cap Index
- The environmental sector has recovered well, further assisted
by global stimulus funding and longer term environmental
policies
Richard Bernays, Chairman of Impax Environmental Markets
plc said:
"I am pleased to report that Impax Environmental Markets plc has
completed another strong year. Following the past two years of high
volatility and unprecedented economic upheaval, we are encouraged
by the resilience of the Company's long term investment thesis.
Although December's climate change conference in Copenhagen
attracted the most media attention, there were important positive
developments in other areas and the Board believe that the Company
remains well positioned to benefit from the opportunities
presented.
"Since we launched the Company in 2002, market capitalisation
has increased seven fold from £49.1 million to £363.2 million,
making it the largest environmental investment trust and a leading
specialist investment trust."
The Annual Report has been posted to shareholders and is also
available on www.impax.co.uk
A copy of the Annual Report has been sent to the UK Listing
Authority, and will shortly be available for inspection at the UK
Listing Authority's Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel. no. 020 7676 1000
Enquiries: