Business
Recommendation to Trustees of EBT
Recommendation to Trustees of EBT.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 3939G Impax Asset Management Group plc 05 November 2018 \n\nImpax Asset Management Group plc\nRecommendation to Trustees of EBT\nImpax Asset Management Group plc (the \"Company\" or \"Impax\") announces that prior to entering into a close period, ahead of the release its final results for the financial year ended 30 September 2018, it provided a recommendation to Sanne Fiduciary Services Limited, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012 (the \"EBT\"), to continue to acquire Impax ordinary shares of 1p each (\"Impax Shares\") in the market to satisfy share awards to employees.\nThe 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 8,808,873 Impax Shares and the Impax Group Employee Benefit Trust 2004 owns 14,765,353 Impax Shares. In aggregate they own 23,574,226 Impax Shares.\nThe total number of voting rights in Impax is 130,415,087.\nLEI number: 213800AJDNW4S2B7E680\n-ENDS-\nEnquiries:\nIan Simm\nChief Executive Tel: +44 (0) 20 3912 3000 (switchboard)\nImpax Asset Management Group plc\n7th floor, 30 Panton Street\nLondon SW1Y 4AJ \n &...