Business
Expansion of listed fund
Expansion of listed fund.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n Impax Group PLC\n14 November 2005\n\n\n Impax Group plc (the 'Company')\n Successful expansion of listed fund\n\nImpax Environmental Markets plc ('IEM'), the listed investment trust managed by\nImpax Asset Management Limited (the Company's asset management subsidiary), has\ntoday announced that it has raised £60 million of additional capital through a\nplacing and offer for subscription. The new capital will increase IEM's total\nnet assets to £105 million.\n\nKeith Falconer, Chairman, Impax Group plc, commented: 'This fund-raising\nconfirms investor appetite for high growth stocks in the renewable energy, water\nand waste sectors, and reinforces the Impax Group's position as the leading\nAIM-listed environmental investment management company.'\n\nIan Simm, Chief Executive, commented: 'Over the past twelve months, Impax has\ntripled its funds under management to over £220 million as many of the UK's\nleading institutional investors have recognised our insight into this specialist\narea of investment.'\n\n14 November 2005\n\n\nEnquiries:\n\nImpax Group plc Tel: 020 7434 1122\n\nIan Simm\nBruce Jenkyn-Jones\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1548,"tagName":"div"}]