Business
Completion of the acquisition
Completion of the acquisition.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 3277C Impax Asset Management Group plc 19 January 2018 \n\nImpax Asset Management Group plc \n \nCompletion of the acquisition of Pax World Management LLC\n \nLondon, 19 January 2018 - Impax Asset Managment Group plc (\"Impax\" or the \"Company\") is pleased to announce that, further to the Company's statement on 18 September 2017, the acquisition of Pax World Management LLC has completed following the admission to trading on AIM of the 2,665,989 Consideration Shares yesterday.\n \nThe number of ordinary shares in the Company in issue and number of voting rights will be 130,415,087. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \nDefined terms are set out in the Company's announcement on 18 September 2017.\n \nIan Simm, Chief Executive of Impax commented:\n \n\"After a decade of partnership, I'm delighted that Impax and Pax are joining forces, creating an investment manager focused on the transition to a more sustainable economy.\"\n \n\"With assets under management of £11.3 billion (US$15.3 billion)1, and over 130 staff based in the UK, US and Hong Kong, the combined group is well positioned to offer a broad range of investment strategies to a global client base.\"\n \nLEI number: 213800AJDNW4S2B7E680\n \nEnquiries:\nIan Simm Tel: + 44 (0) 20 3912 3000 (switchboard)\nChief Executive \nImpax Asset Management Group plc\nwww.impaxam.com\n \nAnne Gilding &...