Impax Group PLC
20 October 2005
Impax Group plc (the 'Company')
Expansion of existing listed fund
Impax Environmental Markets plc ('IEM'), the listed investment trust which is
managed by Impax Asset Management Limited (the Company's asset management
subsidiary), has today announced a placing and offer for subscription to raise
additional capital of up to £80 million before expenses. The placing and offer,
which is not being underwritten and will not proceed unless subscriptions are
received in aggregate for at least £25 million, is subject to approval by
shareholders of IEM.
Impax Asset Management Limited will continue to earn an annual management fee of
1 per cent. of IEM's net asset value.
20 October 2005
Enquiries:
Ian Simm, Director Tel: 020 7434 1122
Impax Group plc
This information is provided by RNS
The company news service from the London Stock Exchange
KKKQABDDBKB