REG - Impax Asset Mgmnt - Launch of £10m share buyback programme

Impax Asset ManagementAnnouncement

Yesterday 07:02

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RNS Number : 6737J  Impax Asset Management Group plc  22 May 2025

22 May 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION WITHIN THE MEANING OF THE UK
MARKET ABUSE REGULATION.

Impax Asset Management Group Plc

Launch of £10m share buyback programme

Impax Asset Management Group plc ("Impax" or the "Company") announces it will
commence a share buyback programme, starting today, of its ordinary shares of
1p each (the "Ordinary Shares") for up to a maximum aggregate consideration of
£10 million (the "Programme").

The purpose of the share buyback is to return additional capital to
shareholders as a result of the update on the capital management priorities
announced in the Company's interim results which were announced today.

The Programme will be effected under the authority granted by shareholders at
the Company's AGM on 5 March 2025 to undertake on-market share buy-backs of up
to 13,259,655 Ordinary Shares.

The Group is entering into an arrangement with Peel Hunt LLP ("Peel Hunt") to
conduct the Programme, which will commence immediately and will end no later
than 31 December 2025. However, there is no guarantee that the Programme will
be implemented in full.

Any purchase of Ordinary Shares under the Programme will be carried out on the
London Stock Exchange and/or other trading venues. Details of any and all
purchases made under the Programme will be provided via RNS announcements by
no later than 7.30 a.m. on the business day following the calendar day on
which the purchase occurred. Any Ordinary Shares purchased under the Programme
will be cancelled.

Due to the limited liquidity in the Ordinary Shares, a buy-back of Ordinary
Shares on any trading day may represent a significant proportion of the daily
trading volume in the Ordinary Shares and may exceed the 25% of the average
daily trading volume specified in the provisions of the UK Market Abuse
Regulation dealing with buyback programmes and accordingly the Company will
not benefit from the exemption contained in Article 5(1) of that regulation.

 

 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.

 

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