Recommendation to Trustees of EB

RNS Number : 1148T
Impax Asset Management Group plc
24 March 2016
 

 

 

 

24 March 2016

 

 

Impax Asset Management Group plc ('Impax' or the 'Company')

 

Recommendation to Trustees of EBT in Advance of Close Period

 

The Company announces that it has provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012, to continue to acquire Impax Ordinary Shares of 1p each ("Impax Shares") in the market to satisfy historical and future share awards to employees.

This recommendation is provided in advance of the Company entering into its close period as defined by the AIM Rules on 31 March 2016. The recommendation expires upon the publication of the Company's interim results for the six month period ended 31 March 2016 on or around 18 May 2016. The recommendation is subject to a pre-agreed maximum price and general availability of Impax Shares in the market.

Given the low levels of liquidity in Impax Shares, the EBT may be the largest purchaser of Impax Shares on any given day.

As at the date of this announcement the Impax Asset Management Group plc Employee Benefit Trust 2012 owns 19,584,847 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 15,388,353 Impax Shares. In aggregate they own 34,973,200 Impax Shares.

The total number of voting rights in Impax is 127,749,098.

 

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Enquiries:

 

Ian Simm                                                                     Tel: + 44 (0) 20 7434 1122 (switchboard)

Chief Executive

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,                                  

London, SW1Y 4JR                                                     Email: a.gilding@impaxam.com

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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