Business
Result of Meeting
Result of Meeting.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n RNS Number : 0112A Impax Group PLC 01 October 2009 \n \nEmbargoed for release at 7.00 a.m.\n1 October 2009 \n\nImpax Group plc\n('Impax' or the 'Company')\n\nResult of general meeting\n\nGroup to be renamed Impax Asset Management Group plc \n\nImpax, the AIM listed investment manager focused on the environmental sector announces that all resolutions proposed at the general meeting held yesterday were duly passed. The resolutions were proposed further to the circular sent to shareholders dated 14 September 2009.\n\nAs a result, the Company's name will be changed to Impax Asset Management Group plc, subject to confirmation by Companies House. The change of name is expected to be effective shortly.\n\nThe new name reflects the Company's asset management focus and brings its brand in line with its day-to-day business activities - that of an asset manager dedicated to the environmental sector. Impax has grown to become one of the world's top-performing investment managers in this arena, managing a range of pooled vehicles, segregated accounts and listed funds on behalf of institutional and private investors. \n\n\n \nKeith Falconer, Chairman of Impax, commented:\n\n'This name change indicates Impax's focus on managing assets in a sector that we believe will go from strength to strength in the coming years. There is increasing evidence that institutional investors are allocating to this area, and Impax is ideally placed to benefit from this trend.' \n\nIan Simm, Chief Executive of Impax, added: \n\n'The name Impax Asset Management Group plc highlights our dedication to managing leading environmental investment funds as we embark on our next stage of growth. \n\n'Since 1994, when Impax was founded, the environmental sector has become a significant part of the global economy. Impax's investment expertise in listed equities and private equity is recognised worldwide, and we look forward to building on our strong foundations.' \n\nImpax's assets under management increased from £185m at 31 August 2005 to £1.13 billion at 31 August 2009. The firm has 15 years' experience...