Recommendation to Trustees of EBT

RNS Number : 2060N
Impax Asset Management Group plc
04 May 2018
 

Impax Asset Management Group plc

Recommendation to Trustees of EBT

Impax Asset Management Group plc (the "Company" or "Impax") announces that prior to entering into a close period, ahead of the release its interim results for the six month period ended 31 March 2018 on Thursday 7 June 2018, it 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 share awards to employees.

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 12,203,808 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 15,388,353 Impax Shares. In aggregate they own 27,592,161 Impax Shares.

The total number of voting rights in Impax is 130,415,087.

LEI number:  213800AJDNW4S2B7E680

-ENDS-

Enquiries:

Ian Simm

Chief Executive                                                                                    Tel: +44 (0) 20 3912 3000 (switchboard)

Impax Asset Management Group plc

7th floor, 30 Panton Street

London SW1Y 4AJ                                                             

                                                                

www.impaxam.com

 

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

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

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

7th floor, 30 Panton Street

London SW1Y 4AJ                                                       

www.impaxam.com                                                                            Email: a.gilding@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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