Business
Doc re. Early repayment of lo
Doc re. Early repayment of lo.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n RNS Number : 2977Y Impax Asset Management Group plc 20 December 2010 \n\n \nImpax Asset Management Group plc\n \nEarly final payment from loan note expected to boost FY2010 pre-tax profits\n \n \nLondon, 20 December 2010 - Impax Asset Management Group plc, (\"Impax\" or the \"Company\"), the AIM listed investment manager focused on the environmental sector, today announces that it has received USD 3.7m (approx GBP 2.4m) of final redemption proceeds (the \"Proceeds\") in respect of a secured loan note (the \"Note\") from All American Oil and Gas Incorporated (\"AAOG\"). The Note, which was payable in full on or before 31 July 2011, was issued to Impax by AAOG in July 2004 as part of AAOG's purchase of Impax's legacy oil operations.\n \nThe Proceeds represent approximately GBP 1.2m more than the book value of the Note on Impax's balance sheet, and the Company expects that a majority of this amount will be reflected in its pre-tax profits for the year ended 30th September 2010, which are to be released on 10th January 2011.\n \n-Ends-\n \nEnquiries:\n \nImpax Asset Management Group plc\nKeith Falconer, Chairman\nIan Simm, CEO 020 7434 1122\n \nExecution Noble \nJohn Riddell 0203 429 1426\nHarry Stockdale\n \nMHP Communications\nShona Prendergast 0207 786 4884 [email protected]\n 07798 626 284\n \nGay Collins 0207 786 4882 [email protected]\n  ...