Impax Group PLC
13 September 2007
Impax Group plc
On 4th September 2007, Impax Group plc (the 'Company') received a subscription
notice from Sanne Trust Company Limited, the trustee of the Impax Group Employee
Benefit Trust 2005 (the 'IGEBT') for 1,975,000 new Ordinary Shares of 1p ('
Ordinary Shares') as part of the Company's employee incentive arrangements as
approved at the Company's EGM on 4 February 2005. The potential beneficiaries
of the IGEBT include the executive directors and employees of the Company and
their families.
Accordingly the Company has allotted 1,975,000 Ordinary Shares, subject to
admission of the shares to trading on the AIM of the London Stock Exchange.
Application has been made to the London Stock Exchange for admission of the
1,975,000 Ordinary Shares to AIM. It is expected that admission will become
effective and trading will commence on 18 September 2007. Following allotment
the Company will have 109,499,098 Ordinary Shares in issue.
IGEBT will be interested in 15.4% of the enlarged share capital of the Company.
For further information please contact:
Impax Group plc
Ian Simm, Chief Executive +44 20 7434 1122
Landsbanki Securities (UK) Limited
Ben Money-Coutts, Managing Director +44 20 7426 9000
This information is provided by RNS
The company news service from the London Stock Exchange