Business
Director / PDMR disclosure
Director / PDMR disclosure.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 2083Y Impax Asset Management Group plc 01 December 2017 \n\n1 December 2017\nImpax Asset Management Group plc\nDirector / PDMR disclosure\nGrant of shares\nImpax Asset Management Group plc (the \"Company\") announces that it has awarded grants under the Company's restricted share scheme (\"RSS\") to the following PDMRs:\n\n\n\n\nPDMR\n\n\nNumber of shares granted under RSS Award\n\n\nDate of Grant\n\n\n\n\nIan Simm\n\n\n60,000\n\n\n1 December 2017\n\n\n\n\nCharlie Ridge\n\n\n60,000\n\n\n1 December 2017\n\n\n\n\n\nOne-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.\nGrant of options\nThe Company also announces that it has awarded 100,000 options over ordinary shares in the Company (the \"Shares\") under its 2017 Employee Share Option Plan (\"ESOP\") to Charlie Ridge. Option awards made under the 2017 ESOP will have an exercise price set at a ten percent premium to the average closing share price of the five business days following the announcement of results for the year ended 30 September 2017, as released on 29 November 2017. They will vest subject to continued employment to 31 December 2020.\nThe notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.\n\n\n\n\n1.\n\n\nDetails of PDMR / person closely associated with them ('PCA')\n\n\n\n\na)\n\n\nName\n\n\nIan Simm\n\n\n\n\n2.\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition / status\n\n\nChief Executive \n\n\n\n\nb)\n\n\nInitial notification / amendment\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nImpax Asset Management Group plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800AJDNW4S2B7E680\n\n\n\n\n4.\n\n\nDetails of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted\n\n\n\n\na)\n\n\nDescription of the financial instrument, type of financial instrument\nIdentification Code\n\n\nOrdinary Shares of 1p each in Impax Asset Management Group plc\n \nIPX\nGB0004905260\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nIan Simm has been awarded 60,00...