REG - Impax Asset Mngmnt - Interim Results <Origin Href="QuoteRef">IPX.L</Origin> - Part 4
15/07/2015 18:14
- Part 4: For the preceding part double click ID:nRSS5699Nc
Diluted adjusted 3,256 116,658 2.79p
The number of
ordinary shares
used in the
calculation of
diluted adjusted
earnings per share
excludes the number
of shares held in
Treasury or the
EBTs at the end of
the period and
includes an
adjustment for the
dilutive impact of
the ESOP share
schemes. The
dilutive impact is
calculated in the
same way as for the
IFRS earnings per
share.
Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014
'000 '000 '000
Shares in issue 127,749 127,749 127,749
Shares held in EBT (13,060) (10,286) (11,550)
2012 (excluding
those held to
satisfy awards
under the EIA
Extension share
scheme)
Number of shares 114,689 117,463 116,199
used in the
calculation of
basic adjusted
earnings per share
Dilutive effect of 800 393 459
ESOP share scheme
Number of shares 115,489 117,856 116,658
used in the
calculation of
diluted adjusted
earnings per share
IFRS earnings per
share
Earnings for the period Shares Earnings per share
£'000 '000
Six months ended 31
March 2015
Basic 1,875 115,738 1.62p
Diluted 1,875 116,538 1.61p
Six months ended 31
March 2014
Basic 1,413 117,598 1.20p
Diluted 1,413 117,991 1.20p
Year ended 30
September 2014
Basic 3,256 117,314 2.78p
Diluted 3,256 117,773 2.76p
The number of
ordinary shares
used in the
calculation of
diluted earnings
per share
reconciles to the
number of ordinary
shares used in the
calculation of
basic earnings per
share as follows:
Six months ended 31 March 2015 Six months ended 31 March 2014 Year ended 30 September 2014
'000 '000 '000
Number of ordinary 115,738 117,598 117,314
shares used in the
calculation of
basic earnings per
share
Additional dilutive 10,990 3,250 5,350
shares re ESOP
schemes
Adjustment to (10,190) (2,857) (4,891)
reflect future
contributions from
employees receiving
awards and option
exercise proceeds
Number of ordinary 116,538 117,991 117,773
shares used in the
calculation of
diluted earnings
per share
The Basic earnings
per shares for all
periods shown
includes vested
LTIP options on the
basis that these
have an
inconsequential
exercise price (1p
or 0p).
8 Dividends
On 4 February 2015,
at the Company's
Annual General
Meeting, payment of
a 1.1p per share
dividend in respect
of the year ended
30 September 2014
(2013: 0.9p per
share) was
approved. The
Trustee of the
Impax Employee
Benefit Trusts
waived the Trusts'
rights to part of
this dividend,
leading to a total
dividend payment of
£1,231,000. This
was paid on 20
February 2015.
The Board has
declared an interim
dividend for the
period of 0.4p per
ordinary share
(2014: 0.3p). This
dividend will be
paid on 26 June to
ordinary
shareholders on the
register at close
of business on 29
May 2015.
9 Goodwill
Cost £'000
At 31 March 2014 1,629
Addition 36
At 30 September 1,665
2014 and 31 March
2015
Goodwill arose on
the acquisition of
Impax Capital
Limited on 18 June
2001 and on the
acquisition of a
property fund
business from
Climate Change
Capital in July
2014.
The Group tests
goodwill for
impairment annually
or more frequently
if there are
indications that
goodwill may be
impaired.
10 Current asset
investments
Unlisted investments Listed investments Total
£'000 £'000 £'000
At 1 October 2013 6,624 2,712 9,336
Additions 475 2,916 3,391
Fair value (177) 322 145
movements
Repayments/disposal (1,223) (17) (1,240)
s
Foreign exchange - 15 15
At 31 March 2014 5,699 5,948 11,647
Additions 163 2,347 2,510
Fair value (84) (234) (318)
movements
Repayments/disposal (586) (1,536) (2,122)
s
Foreign exchange - (77) (77)
At 30 September 5,192 6,448 11,640
2014
Additions 39 1,935 1,974
Fair value 125 721 846
movements
Repayments/disposal (2,534) (524) (3,058)
s
Foreign exchange - 372 372
At 31 March 2015 2,822 8,952 11,774
Impax Food and
Agriculture Fund
("IFAF")
On 1 December 2012
the Group launched
the IFAF and
invested, from its
own resources
£2,000,000 into the
fund. The IFAF
invests in listed
equities using the
Group's Food and
Agriculture
Strategy. The
Group's investment
represented more
than 50% of the
IFAF's NAV from the
date of launch to
31 March 2015 and
has been
consolidated
throughout this
period with its
underlying
- More to follow, for following part double click ID:nRSS5699NeRecent news on Impax Asset Management
See all newsREG - Impax Asset Mgmnt - Directorate Change
AnnouncementREG - Impax Asset Mng Ltd Impax Asset Mgmnt Mondi plc - Form 8.3 - Mondi Plc
AnnouncementREG - Impax Asset Mgmnt - Holding(s) in Company
AnnouncementREG - Impax Asset Mgmnt - Q2 AUM Update
AnnouncementREG - Impax Asset Mgmnt - Director/PDMR Shareholding
Announcement