Director / PDMR disclosure

RNS Number : 2083Y
Impax Asset Management Group plc
01 December 2017
 

1 December 2017

Impax Asset Management Group plc

Director / PDMR disclosure

Grant of shares

Impax Asset Management Group plc (the "Company") announces that it has awarded grants under the Company's restricted share scheme ("RSS") to the following PDMRs:

PDMR

Number of shares granted under RSS Award

Date of Grant

Ian Simm

60,000

1 December  2017

Charlie Ridge

60,000

1 December 2017


One-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.

Grant of options

The Company also announces that it has awarded 100,000 options over ordinary shares in the Company (the "Shares") under its 2017 Employee Share Option Plan ("ESOP") to Charlie Ridge. Option awards made under the 2017 ESOP will have an exercise price set at a ten percent premium to the average closing share price of the five business days following the announcement of results for the year ended 30 September 2017, as released on 29 November 2017. They will vest subject to continued employment to 31 December 2020.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Ian Simm

2.

Reason for the notification

a)

Position / status

Chief Executive

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Impax Asset Management Group plc

b)

LEI

213800AJDNW4S2B7E680

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of financial instrument

Identification Code

Ordinary Shares of 1p each in Impax Asset Management Group plc

 

IPX

GB0004905260

b)

Nature of the transaction

Ian Simm has been awarded 60,000 restricted ordinary shares.

 

One-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.
 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0p (nil) per share

60,000

 

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 60,000

 

Aggregated price: 0p (nil)

 

Total aggregated price: 0p (nil)

 

e)

Date of the transaction

1 December 2017

 

f)

Place of the transaction

 

Outside of trading venue

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Charlie Ridge

2.

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Impax Asset Management Group plc

b)

LEI

213800AJDNW4S2B7E680

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of financial instrument

Identification Code

Ordinary Shares of 1p each in Impax Asset Management Group plc

 

IPX

GB0004905260

b)

Nature of the transaction

Charlie Ridge has been awarded 60,000 restricted ordinary shares.

 

One-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0p (nil) per share

60,000

 

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 60,000

 

Aggregated price: 0p (nil)

 

Total aggregated price: 0p (nil)

 

e)

Date of the transaction

1 December 2017

 

f)

Place of the transaction

 

Outside of trading venue

 

a)

Description of the financial instrument, type of financial instrument

Identification Code

Options granted over Ordinary Shares of 1p each in Impax Asset Management Group plc

 

IPX

GB0004905260

b)

Nature of the transaction

Charlie Ridge has been awarded 100,000 options over ordinary shares

 

c)

Price(s) and volume(s)

Volume granted: 100,000

 

Exercise Price(s): ten percent premium to the average closing share price of the five business days following the announcement of results for the year ended 30 September 2017, as released on 29 November 2017

 

 

d)

Aggregated information

Aggregated volume

Price

Aggregated volume: 100,000 options

Aggregated price: described as above

 

 

 

e)

Date of the transaction

1 December 2017

 

f)

Place of the transaction

 

Outside of trading venue

 

LEI number: 213800AJDNW4S2B7E680

Enquiries:

Zack Wilson

Group General Counsel and Company Secretary                          Tel: + 44 (0) 20 7434 1122 (switchboard)

Impax Asset Management Group plc

Norfolk House, 31 St James's Square,                                          

London, SW1Y 4JR                                                                            

www.impaxam.com

 

Anne Gilding                                                                                     Tel: +44 (0) 20 7434 1122 (switchboard)
Head of Brand & Communications
                                                 Tel: +44 (0) 20 7432 2602 (direct)
Impax Asset Management Group plc                                             Tel: +44 (0) 7881 249612 (mobile)
Norfolk House, 31 St James's Square,                                           Email: a.gilding@impaxam.com
London, SW1Y 4JR         
www.impaxam.com
                                                              

Guy Wiehahn                                                                                     Tel: +44 (0) 20 7418 8893
Nominated Adviser and Broker
Peel Hunt LLP

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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