Information  X 
Enter a valid email address

Impax Asian Env Mkt (IAEM)

  Print      Mail a friend

Tuesday 30 November, 2010

Impax Asian Env Mkt

Conversion of C Shares - Calc

RNS Number : 1214X
Impax Asian Environmental Mkts Plc
30 November 2010
 



Conversion of C Shares - Calculation Date

 

Impax Asian Environmental Markets plc (the "Company") announces that, in accordance with the terms described in its prospectus dated 1 October 2010, the Manager has notified the Board of Directors that at least 80 per cent. of the assets attributable to the C Shareholders are invested in a portfolio of securities consistent with the Company's investment policy. As a result, the Board has determined that the Calculation Date (for the purposes of calculating the basis upon which the Company's C Shares will convert into Ordinary Shares) will be the close of business on 30 November 2010.

 

A further announcement regarding the Conversion Ratio, Conversion Date and the number of new Ordinary Shares and Subscription Shares to be issued on Conversion will be made in due course.

 

30 November 2010

 

ENDS

 

Enquiries:

 

Cavendish Administration Limited

 

Anthony Lee

020 7490 4355

 

 

Collins Stewart Europe Limited

 

David Yovichic

020 7523 8361

Lucy Lewis

020 7523 8360

 

 

 

Capitalised terms in this announcement shall have the same meanings as in the prospectus published by the Company on 1 October 2010 unless otherwise stated.

 

 

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
 
END
 
 
CONBMBRTMBAJBTM