Share Buyback Programme

RNS Number : 7277V

Impax Asset Management Group plc

18 January 2012

 

18 January 2012

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

Share buyback

Further to its previously stated intention to commence the purchase of shares through a share buyback programme (the "Buyback Programme"), as and when suitable opportunities arise in the market, the Company announces that on 17 January it purchased 9,000 ordinary shares of 1p each in the Company at a price of 43.5 pence per share, for transfer into Treasury. 

Following the share buyback the Company's issued ordinary share capital consists of 115,582,431 ordinary shares of which a total of 1,249,000 ordinary shares are held in Treasury.  Therefore the total number of ordinary shares with voting rights in Impax is 114,333,431 ordinary shares.

The above figure of 114,333,431 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Impax under the FSA's Disclosure and Transparency Rules.

Shares purchased pursuant to the Buyback Programme will be held in Treasury and may be utilised to satisfy employee share based award obligations. 

Such purchases will be made in accordance with the Company's general authorities, in particular that the maximum price which may be paid for each ordinary share is not more than 105 per cent. of the average of the middle market quotations for an ordinary share taken from the London Stock Exchange for the five business days immediately preceding the day of purchase.

Due to the limited liquidity in the Company's shares, in a given day the Company may purchase more than 50 per cent of the average daily volume traded in the 20 trading days preceding the date of the purchase.  The acquisition of such shares will be notified to a Regulatory Information Service, in accordance with the AIM Rules for Companies.

Enquiries:

Impax Asset Management Group plc                                    020 7434 1122

Ian Simm, Chief Executive

Espirito Santo Investment Bank                                                020 7456 9191

John Riddell

James Bromhead

 

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