REG - Impax Asset Mgmnt - Investment Advisory Agreement

Impax Asset ManagementAnnouncement

17/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250417:nRSQ3634Fa&default-theme=true

RNS Number : 3634F  Impax Asset Management Group plc  17 April 2025

 

 Impax Asset Management Group plc

 

 

Investment Advisory Agreement

 

Impax Asset Management Group plc (the "Company") is pleased to announce that
its subsidiary, Impax Asset Management Ireland Limited ("IAMI"), has entered
into an investment advisory agreement with BNP Paribas Asset Management Europe
("BNPP AM Europe"), a subsidiary of BNP Paribas Asset Management Holding
("BNPP"), whereby IAMI will provide investment advisory services to BNPP AM
Europe in relation to an investment fund. This is as part of the ongoing
distribution arrangement between the Company and BNPP in a number of
international markets. The investment advisory agreement provides inter alia
for BNPP AM Europe to pay a fee to IAMI for this service. The fee payable by
BNPP AM Europe to IAMI, to be paid quarterly, shall be calculated as a
percentage of the assets under management.

As BNPP is a substantial shareholder of the Company, as defined under the AIM
Rules, and BNPP AM Europe is an associate of BNPP, as defined under the AIM
Rules, the entry into this agreement constitutes a related party transaction
under Rule 13 of the AIM Rules.

The independent directors of the Company, having consulted with Peel Hunt LLP
in its capacity as the Company's nominated adviser for the purposes of the AIM
Rules, consider the terms of the transaction to be fair and reasonable insofar
as the Company's shareholders are concerned.

Independent directors in relation to the matter are all the directors of the
Company except Arnaud de Servigny who is not considered independent because of
his role as non-executive director at BNPP AM Europe.

 

LEI number: 213800AJDNW4S2B7E680

-Ends-

 Enquiries:

 Impax Asset Management Group plc
 Ian Simm, Chief Executive                                 +44 (0)20 3912 3000
 Paul French, Head of Corporate Communications             +44 (0)20 3912 3032

 p.french@impaxam.com (mailto:p.french@impaxam.com)

 Montfort Communications
 Gay Collins                                               +44(0)77 9862 6282
 Jack Roddan                                               +44(0)78 2567 0695

 impax@montfort.london (mailto:impax@montfort.london)

 Peel Hunt LLP, Nominated Adviser and Joint Broker
 Andrew Buchanan                                           +44 (0)20 7418 8900

 Dan Webster

 Oliver Jackson

 Berenberg, Joint Broker
 James Felix                                               +44 (0)203 207 7800
 John Welch
 Dan Gee-Summons

 

About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£25.3 billion of assets under management as of 31 March 2025 in both listed
and private markets strategies, investing in the transition to a more
sustainable global economy.

Impax believes that capital markets will be shaped profoundly by global
sustainability challenges, including climate change, pollution and essential
investments in human capital, infrastructure and resource efficiency. These
trends will drive growth for well-positioned companies and create risks for
those unable or unwilling to adapt.

The company seeks to invest in higher quality companies with strong business
models that demonstrate sound management of risk. Impax offers a well-rounded
suite of investment solutions spanning multiple asset classes seeking superior
risk-adjusted returns over the medium to long term.

www.impaxam.com (http://www.impaxam.com/)

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted
on the Alternative Investment Market of the London Stock Exchange.  Impax
Asset Management Group plc is registered in England & Wales, number
03262305.  AUM relates to Impax Asset Management Limited, Impax Asset
Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax
Asset Management LLC.  Impax Asset Management Limited and Impax Asset
Management (AIFM) Limited are authorised and regulated by the Financial
Conduct Authority and are wholly owned subsidiaries of Impax Asset Management
Group plc.  Please note that the information provided on www.impaxam.com
(http://www.impaxam.com/) and links from it should not be relied upon for
investment purposes.

 

Impax is trademark of Impax Asset Management Group Plc. Impax is a registered
trademark in the UK, EU, US, Hong Kong, Canada, Japan and Australia. © Impax
Asset Management LLC, Impax Asset Management Limited and/or Impax Asset
Management (Ireland) Limited. All rights reserved.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRBIGDSUGBDGUL