Business
Recommendation to Trustees of EB
Recommendation to Trustees of EB.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 1148T Impax Asset Management Group plc 24 March 2016 \n\n \n \n \n24 March 2016\n \n \nImpax Asset Management Group plc ('Impax' or the 'Company')\n \nRecommendation to Trustees of EBT in Advance of Close Period \n \nThe Company announces that it has provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012, to continue to acquire Impax Ordinary Shares of 1p each (\"Impax Shares\") in the market to satisfy historical and future share awards to employees. \nThis recommendation is provided in advance of the Company entering into its close period as defined by the AIM Rules on 31 March 2016. The recommendation expires upon the publication of the Company's interim results for the six month period ended 31 March 2016 on or around 18 May 2016. The recommendation is subject to a pre-agreed maximum price and general availability of Impax Shares in the market. \nGiven the low levels of liquidity in Impax Shares, the EBT may be the largest purchaser of Impax Shares on any given day.\nAs at the date of this announcement the Impax Asset Management Group plc Employee Benefit Trust 2012 owns 19,584,847 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 15,388,353 Impax Shares. In aggregate they own 34,973,200 Impax Shares.\nThe total number of voting rights in Impax is 127,749,098. \n \n- ENDS -\n\nEnquiries:\n \nIan Simm Tel: + 44 (0) 20 7434 1122 (switchboard)\nChief Executive \nImpax Asset Management Group plc\nNorfolk House, 31 St James's Square, \nLondon, SW1Y 4JR &n...