REG - Impax Asset Mngmnt - Interim Results <Origin Href="QuoteRef">IPX.L</Origin> - Part 6

Impax Asset ManagementAnnouncement

15/07/2015 18:14

- Part 6: For the preceding part double click  ID:nRSS5699Ne 

             
                                                                                                                                         Total cash reserves                                                                                               12,234             12,766                            17,175                                                        
                                                                                                                                                                                                                                                                                                                                                                               
 12                                                                                                                                      Share capital and                                                                                                                                                                                     
                                                                                                                                         Own shares                                                                                                                                                                                            
                                                                                                                                                                                                                                                                             31 March 2015                     31  March 2014                  30 September 2014               
                                                                                                                                         Issued and fully                                                                                                                                                      
                                                                                                                                         paid ordinary                                                                                                                                                         
                                                                                                                                         shares of 1p each                                                                                                                                                     
                                                                                                                                         Number                                                                                                                              127,749,098                       127,749,098                     127,749,098                     
                                                                                                                                         £000s                                                                                                                               1,277                             1,277                           1,277                           
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                             31 March 2015                     31  March 2014                  30 September 2014               
                                                                                                                                         Own shares                                                                                                                                                                                                                            
                                                                                                                                         Number                                                                                                                              17,702,620                        16,243,769                      16,192,620                      
                                                                                                                                         £000s                                                                                                                               5,958                             5,093                           5,144                           
                                                                                                                                         Own shares                                         
                                                                                                                                         represents certain                                 
                                                                                                                                         of the shares held                                 
                                                                                                                                         in the EBT 2012 and                                 
                                                                                                                                         EBT 2004. 1,655,455                                 
                                                                                                                                         shares were                                        
                                                                                                                                         acquired in the six                                 
                                                                                                                                         months ended 31                                    
                                                                                                                                         March 2015, (period                                 
                                                                                                                                         ended 31 March                                     
                                                                                                                                         2014: nil).                                        
                                                                                                                                         145,455 shares were                                 
                                                                                                                                         awarded to option                                  
                                                                                                                                         holders on exercise                                 
                                                                                                                                         of options (period                                 
                                                                                                                                         ended 31 March                                     
                                                                                                                                         2014: 3,966,000).                                  
                                                                                                                                         As at 31 March 2015                                 
                                                                                                                                         the Company had a                                  
                                                                                                                                         total of 19,487,955                                 
                                                                                                                                         options outstanding                                 
                                                                                                                                         of which 9,182,500                                 
                                                                                                                                         were exercisable.                                  
                                                                                                                                                                                                                                                                                                                                                                               
 13                                                                                                                                      Related party                                                                                                                                                                                                                       
                                                                                                                                         transactions                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                         Impax New Energy                                   
                                                                                                                                         Investors LP, Impax                                 
                                                                                                                                         New Energy                                         
                                                                                                                                         Investors II LP,                                   
                                                                                                                                         Impax New Energy                                   
                                                                                                                                         Investors II-B LP,                                 
                                                                                                                                         Impax New Energy                                   
                                                                                                                                         Investors SCA,                                     
                                                                                                                                         Impax Global                                       
                                                                                                                                         Resource                                           
                                                                                                                                         Optimization Fund                                  
                                                                                                                                         LP, Impax                                          
                                                                                                                                         Fundamental Long                                   
                                                                                                                                         Only Opportunities                                 
                                                                                                                                         in Water LP, Impax                                 
                                                                                                                                         Carried Interest                                   
                                                                                                                                         Partners LP and                                    
                                                                                                                                         Impax Carried                                      
                                                                                                                                         Interest Partners                                  
                                                                                                                                         II LP, Impax                                       
                                                                                                                                         Climate Property                                   
                                                                                                                                         Fund LP and                                        
                                                                                                                                         entities controlled                                 
                                                                                                                                         by them are related                                 
                                                                                                                                         parties of the                                     
                                                                                                                                         Group by virtue of                                 
                                                                                                                                         subsidiaries being                                 
                                                                                                                                         the General                                        
                                                                                                                                         Partners to these                                  
                                                                                                                                         funds.  BNP Paribas                                 
                                                                                                                                         Investment Partners                                 
                                                                                                                                         is a related party                                 
                                                                                                                                         of the Group by                                    
                                                                                                                                         virtue of owning a                                 
                                                                                                                                         24.99% equity                                      
                                                                                                                                         holding in the                                     
                                                                                                                                         Group.  Other funds                                 
                                                                                                                                         managed by                                         
                                                                                                                                         subsidiaries of the                                 
                                                                                                                                         Company are also                                   
                                                                                                                                         related parties by                                 
                                                                                                                                         virtue of their                                    
                                                                                                                                         management                                         
                                                                                                                                         contracts.                                         
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                             Six months ended 31 March 2015    Six months ended 31 March 2014  Year ended 30 September 2014    
                                                                                                                                                                                                                                                                             £'000                             £'000                           £'000                           
                                                                                                                                         Statement of                                                                                                                                                                                          
                                                                                                                                         comprehensive                                                                                                                                                                                         
                                                                                                                                         income                                                                                                                                                                                                
                                                                                                                                         Revenue                                                                                                                             9,939                             9,819                           19,966                          
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                             31 March 2015                     31 March 2014                   30 September 2014               
                                                                                                                                                                                                                                                                             £'000                             £'000                           £'000                           
                                                                                                                                         Statement of                                                                                                                                                                                          
                                                                                                                                         financial position                                                                                                                                                                                    
                                                                                                                                         Non-current asset                                                                  15                            17                 16                                                                
                                                                                                                                         investments                                                                                                                                                                                           
                                                                                                                                         Current asset                                                                                                    2,822              5,346                             4,830                                                         
                                                                                                                                         investments                                                                                                                                                                                                                         
                                                                                                                                         Trade and other                                                                    5,754                         3,970              2,371                                                             
                                                                                                                                         receivables                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                                               
 14                                                                                                                                      The Group also                                     
                                                                                                                                         conducts hedging of                                 
                                                                                                                                         its seed                                           
                                                                                                                                         investments with a                                 
                                                                                                                                         member of BNP                                      
                                                                                                                                         Paribas Group.                                     
                                                                                                                                         Payments made under                                 
                                                                                                                                         these hedges are                                   
                                                                                                                                         disclosed in the                                   
                                                                                                                                         cashflow statement.                                 
                                                                                                                                         Group risks                                        
                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                         The Group's                                        
                                                                                                                                         principal risks                                    
                                                                                                                                         remain as detailed                                 
                                                                                                                                         within the                                         
                                                                                                                                         Directors' report                                  
                                                                                                                                         of the Group's 2014                                 
                                                                                                                                         Annual Report and                                  
                                                                                                                                         Accounts and are                                   
                                                                                                                                         categorised as                                     
                                                                                                                                         financial,                                         
                                                                                                                                         investment, and                                    
                                                                                                                                         operational.                                       
                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                                                                                                               
 
 
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