Issuance of shares and Acquisition update

RNS Number : 8036B
Impax Asset Management Group plc
15 January 2018
 

Impax Asset Management Group plc

 

Issuance of shares and Acquisition update

 

The Company is pleased to announce that further to the Company's announcement on 18 September 2017, the acquisition of Pax World Management LLC is expected to complete on 18 January 2018 following the admission of the Consideration Shares to trading on AIM which is expected to take place at 8am on 18 January 2018. The Acquisition is conditional upon, inter alia, admission of the Consideration Shares becoming effective. The combined group will have assets under management of £11.3 billion (US$15.3 billion).1

 

A total of 2,665,989 Consideration Shares will be issued to the Exiting Shareholders to settle part of the Initial Consideration. Application has been made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM ("Admission").

 

Following admission, the number of ordinary shares in the Company in issue and number of voting rights will be 130,415,087.  This figure may be used by Shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Defined terms are set out in the Company's announcement on 18 September 2017.

 

LEI number: 213800AJDNW4S2B7E680

 

Enquiries:

 

Ian Simm                                                                   Tel: + 44 (0) 20 3912 3000 (switchboard) 

Chief Executive                                             

Impax Asset Management Group plc

www.impaxam.com

 

Anne Gilding                                                              Tel: + 44 (0) 20 3912 3000 (switchboard) 

Head of Brand & Communications                                 + 44 (0) 20 3912 3126 (direct) 

Impax Asset Management Group plc                             + 44 (0) 7881 249612  (mobile)

a.gilding@impaxam.com

 

Guy Wiehahn or Rishi Shah                                     Tel: +44 (0) 20 7418 8900
Nominated Adviser
Peel Hunt LLP

 

1Assets under management and advice as of 31 December 2017

 

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.  Assets under Management and Advice relate to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited and Impax Asset Management LLC.  Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are 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 and links from it should not be relied upon for investment purposes.  For further information please visit www.impaxam.com.

This announcement contains inside information within the meaning of article 7 of the EU Market Abuse Regulation (MAR).

 

 

 



 


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