REG - Impax Asset Mgmnt - Update on assets under management

Impax Asset ManagementAnnouncement

13/12/2024 07:00

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RNS Number : 9466P  Impax Asset Management Group plc  13 December 2024

Impax Asset Management Group plc

 

("Impax" or the "Company")

 

 

Update on assets under management

 

London, 13 December 2024 - Impax Asset Management Group plc announces that it
has received a notice from St. James's Place Unit Trust Group Limited ("SJP")
of termination of Impax's mandate to manage the Sustainable & Responsible
Equity Fund (the "SRE"), (the "Mandate"). The termination is expected to take
effect in February 2025 subject to approval by the SRE unitholders at an
Extraordinary General Meeting on 9 January 2025.

 

The Mandate is the only mandate that Impax has with SJP and totalled c.£5.2bn
of assets under management ("AUM"), as at 30 November 2024. The impact on
Impax's revenue is expected to be circa £12.7m on an annualized basis.

 

The termination of the Mandate has been driven by SJP seeking to further
diversify the fund across investment styles.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

- Ends -

Enquiries:

 

 Impax Asset Management Group plc

 Ian Simm, Chief Executive                              +44 (0)20 3912 3000

 Paul French, Head of Communications                    +44 (0)20 3912 3032

 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

 Berenberg, Joint Broker

 James Felix                                            +44 (0)20 3207 7800

 John Welch

 Dan Gee-Summons

 

About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£37.2 billion as of 30 September 2024 in both listed and private markets
strategies, investing in the opportunities arising from 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.

 

Impax has approximately 310 employees(1) across its offices in the United
Kingdom, the United States, Ireland, Denmark, Hong Kong and Japan making it
one of the investment management sector's largest investment teams dedicated
to sustainable development.

 

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

 

(1) Full-time equivalent.

 

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 EU, US, Hong Kong and Australia. © Impax Asset Management
LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland)
Limited. All rights reserved.

 

 

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