REG - Impax Asset Mngmnt - Recommendation to Trustees of EBT <Origin Href="QuoteRef">IPX.L</Origin>

Impax Asset ManagementAnnouncement

08/09/2016 17:45

RNS Number : 3736J
Impax Asset Management Group plc
08 September 2016
8 September 2016
Impax Asset Management Group plc ('Impax' or the 'Company')
Recommendation to Trustees of EBT 
The Company announces that it has provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012, to continue to acquire Impax Ordinary Shares of 1p each ("Impax Shares") in the market to satisfy share awards to employees.
The recommendation expires upon the publication of the Company's results for the year ended 30 September 2016. The recommendation is subject to a pre-agreed maximum price and general availability of Impax Shares in the market. 
Given the low levels of liquidity in Impax Shares, the EBT may be the largest purchaser of Impax Shares on any given day.
As at the date of this announcement the Impax Asset Management Group plc Employee Benefit Trust 2012 owns 19,999,566 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 15,388,353 Impax Shares. In aggregate they own 35,387,919 Impax Shares.
The total number of voting rights in Impax is 127,749,098. 
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Enquiries:
Ian Simm Tel: + 44 (0) 20 7434 1122 (switchboard)
Chief Executive 
Impax Asset Management Group plc
Norfolk House, 31 St James's Square, 
London, SW1Y 4JR 
www.impaxam.com
Anne Gilding Tel: +44 (0) 20 7434 1122 (switchboard)
Head of Brand & Communications   Tel: +44 (0) 20 7432 2602 (direct)
Impax Asset Management Group plc Tel: +44 (0) 7881 249612 (mobile)
Norfolk House, 31 St James's Square, 
London, SW1Y 4JR Email: a.gilding@impaxam.com
www.impaxam.com

Guy Wiehahn / Rishi Shah Tel: +44 (0) 20 7418 8893
Nominated Adviser and Broker
Peel Hunt LLP

This information is provided by RNS
The company news service from the London Stock Exchange
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