Issue of New Shares

RNS Number : 6555S

Impax Asset Management Group plc

04 December 2012

 

4 December 2012

Impax Asset Management Group plc

Issue of New Shares and Transaction in Treasury Shares

Impax Asset Management Group plc ("Impax" or "the Company") announces that, further to the establishment of the Impax Asset Management Group plc Employee Benefit Trust 2012 ("2012 EBT") set out in the announcement on 29 November 2012 of the Company's annual results for the year to 30 September 2012, the 2012 EBT has been allocated and subscribed, subject to admission to trading, for 12,166,667 new ordinary shares in the Company at a price of 34 pence per ordinary share.  Admission to AIM of the new ordinary shares will be sought and is expected to occur as soon as practicable. 

In addition, the 2012 EBT has acquired 4,974,000 existing ordinary shares from Treasury at a price of 34 pence per ordinary share.   Following these transactions, therefore, the 2012 EBT will hold a total of 17,140,667 ordinary shares in Impax, representing 13.4% of the enlarged share capital of the Company. As previously announced, these shares will be used to satisfy exercises of options by Impax option holders under employee share incentive schemes, at the discretion of the trustees.  

The total number of Impax ordinary shares of 1 pence each in issue following these transactions is 127,749,098 and there are no shares remaining in Treasury.  Therefore, the total number of voting rights in the Company is 127,749,098 which may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules

Enquiries: 

  Impax Asset Management Group plc

  Keith Falconer, Chairman                                                    020 7434 1122              

  Ian Simm, Chief Executive                                                  020 7434 1122              

  Anne Gilding, Head of Brand Communications          Tel: [phone]

                                                                                                          Mobile: [phone]
                                                                                                          Email: [e-mail]

                                                                                                          www.impaxam.com

  Execution Noble

  John Riddell, Director                                                            020 7456 9191

 

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