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Impax Asian Env Mkt (IAEM)

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Friday 23 July, 2010

Impax Asian Env Mkt

Possible Fundraising

RNS Number : 8230P
Impax Asian Environmental Mkts Plc
23 July 2010
 



IMPAX ASIAN ENVIRONMENTAL MARKETS PLC

 

POSSIBLE FUNDRAISING

 

23rd July 2010

 

 

The Board of Impax Asian Environmental Markets plc is pleased to announce that, in light of continuing demand for the Company's Ordinary Shares from both existing shareholders and potential new investors, it is considering the possibility of raising new monies through an issue of C Shares.

 

The Company is a London-listed investment company, managed by Impax Asset Management Limited, which seeks to enable shareholders to benefit from the expected superior, long-term capital growth of companies active in the environmental sector that are based in the Asia-Pacific region. In managing the fund, Impax Asset Management draws on its strong relationship with Ajia Partners, the Asian specialist investment manager based in Hong Kong. The Company currently has net assets of approximately £130 million.

 

Further details as to the timing and quantum of any C Share issue will be made in due course if the Board decides to proceed.

 

 

For further information, please contact:

 

 

Ian Simm

Impax Asset Management

 

020 7432 2619

Dominic Waters

Collins Stewart Europe Limited

 

020 7523 8473

 

 

 

 

Collins Stewart Europe limited, which is authorised and regulated in the United Kingdom by The Financial Services Authority, is acting for Impax Asian Environmental Markets plc and for no one else in connection with the contents of this announcement and will not be responsible to anyone other than Impax Asian Environmental Markets plc for providing the protections afforded to clients of Collins Stewart nor for giving advice in relation to the contents of this announcement or any other matter referred to herein.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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