REG - Impax Asset Mngmnt - Recommendation to Trustees of EBT

Impax Asset ManagementAnnouncement

05/11/2018 16:00

RNS Number : 3939G
Impax Asset Management Group plc
05 November 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 final results for the financial year ended 30 September 2018, it provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012 (the "EBT"), 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 8,808,873 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 14,765,353 Impax Shares. In aggregate they own 23,574,226 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
 
Karen Wagg, Director of Communications                                        Tel: +44 (0) 20 3912 3142
Impax Asset Management Group plc
k.wagg@impaxam.com 
 
Gay Collins/Louis Supple
Montfort Communications                                                                  Tel: + 44 (0) 7798 626282
         Tel: + 44 (0) 20 3770 7914
impax@montfort.london


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

Nominated Adviser and Broker

Peel Hunt LLP
 




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