Update

RNS Number : 7770D

Impax Asset Management Group plc

01 May 2013

 

Impax Asset Management Group plc (the "Company")

Update on status of fund and date of Interim Results Announcement

Earlier today, Impax Asian Environmental Markets plc ("IAEM"), an investment trust managed by the Company, announced that further to discussions with its investors the Board of IAEM proposed to effect a reconstruction so as to give investors the options of a return of cash or a rollover of their holdings into Impax Asian Environmental Markets (Ireland) Fund, an open ended fund managed with a similar investment policy to IAEM.  The full announcement from IAEM may be found via the Regulatory News Service on the news and events pages of the London Stock Exchange website. As at 31 March 2013, IAEM had total assets under management of £218 million, representing 9.7% of Company's total assets under management.

A further update on the proposed reconstruction of IAEM will be given in the Company's interim results statement for the period to 31 March 2013 which will be released on 16 May 2013.

Ian Simm                                                                                             Tel: + 44 (0) 20 7434 1122 (switchboard)

Chief Executive

Impax Asset Management Group plc

John Riddell                                                                                       Tel: [phone]

Execution Noble

 

END

 

 

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