Business
Issuance of shares and Acquisition update
Issuance of shares and Acquisition update.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 8036B Impax Asset Management Group plc 15 January 2018 \n\nImpax Asset Management Group plc \n \nIssuance of shares and Acquisition update\n \nThe Company is pleased to announce that further to the Company's announcement on 18 September 2017, the acquisition of Pax World Management LLC is expected to complete on 18 January 2018 following the admission of the Consideration Shares to trading on AIM which is expected to take place at 8am on 18 January 2018. The Acquisition is conditional upon, inter alia, admission of the Consideration Shares becoming effective. The combined group will have assets under management of £11.3 billion (US$15.3 billion).1\n \nA total of 2,665,989 Consideration Shares will be issued to the Exiting Shareholders to settle part of the Initial Consideration. Application has been made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM (\"Admission\").\n \nFollowing admission, the 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 \nLEI number: 213800AJDNW4S2B7E680\n \nEnquiries:\n \nIan Simm Tel: + 44 (0) 20 3912 3000 (switchboard) \nChief Executive \nImpax Asset Management Group plc\nwww.impaxam.com\n \nAnne Gilding &...