Recommendation to Trustees of EBT

RNS Number : 3939G
Impax Asset Management Group plc
05 November 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 final results for the financial year ended 30 September 2018, it provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012 (the "EBT"), 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 8,808,873 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 14,765,353 Impax Shares. In aggregate they own 23,574,226 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

 

Karen Wagg, Director of Communications                                        Tel: +44 (0) 20 3912 3142

Impax Asset Management Group plc

k.wagg@impaxam.com 

 

Gay Collins/Louis Supple

Montfort Communications                                                                  Tel: + 44 (0) 7798 626282

         Tel: + 44 (0) 20 3770 7914

impax@montfort.london


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

 


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