REG - Impax Asset Mngmnt - Recommendation to Trustees of EBT

Impax Asset ManagementAnnouncement

04/05/2018 13:35

2018-05-04T12:30:33.161Zreuters.comtag:reuters.com,2018-05-04:newsml_RSD2060Na:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-04T12:30:33.161Z2018-05-04T12:30:33.161Z____UCDP:parsn_lse_10.54.4.69_1.2.37235:2019-06-04T12:30:33.161Z3RSD2060NaREG - Impax Asset Mngmnt  - Recommendation to Trustees of EBTLEGACY: Financials (TRBC)LEGACY: Banking & Investment Services (TRBC)LEGACY: Investment Banking & Investment Services (TRBC)Investment Management (TRBC level 5)Investment Management & Fund Operators (TRBC level 4)Financials (TRBC level 1)Banking & Investment Services (TRBC level 2)Investment Banking & Investment Services (TRBC level 3)Western EuropeUnited KingdomEuropeSuggested SourcesServicesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesImpax Asset Management Group PLC








RNS Number : 2060N
Impax Asset Management Group plc
04 May 2018
 

Impax Asset Management Group plc
Recommendation to Trustees of EBT
Impax Asset Management Group plc (the "Company" or "Impax") announces that prior to entering into a close period, ahead of the release its interim results for the six month period ended 31 March 2018 on Thursday 7 June 2018, it 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 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 12,203,808 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 15,388,353 Impax Shares. In aggregate they own 27,592,161 Impax Shares.
The total number of voting rights in Impax is 130,415,087.
LEI number:  213800AJDNW4S2B7E680
-ENDS-
Enquiries:
Ian Simm
Chief Executive                                                                                    Tel: +44 (0) 20 3912 3000 (switchboard)
Impax Asset Management Group plc
7th floor, 30 Panton Street
London SW1Y 4AJ                                                             
                                                                
www.impaxam.com
 
Anne Gilding                                                                                         Tel: +44 (0) 20 3912 3000 (switchboard)
Head of Brand & Communications                                                 Tel: +44 (0) 20 3912 3126 (direct)
Impax Asset Management Group plc                                              Tel: +44 (0) 7881 249612 (mobile)
7th floor, 30 Panton Street
London SW1Y 4AJ                                                       
www.impaxam.com                                                                            Email: a.gilding@impaxam.com


Guy Wiehahn                                                                                        Tel: +44 (0) 20 7418 8893

Nominated Adviser and Broker

Peel Hunt LLP
 



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