20th Oct 2005 16:43
Impax Group PLC20 October 2005 Impax Group plc (the "Company") Expansion of existing listed fund Impax Environmental Markets plc ("IEM"), the listed investment trust which ismanaged by Impax Asset Management Limited (the Company's asset managementsubsidiary), has today announced a placing and offer for subscription to raiseadditional capital of up to £80 million before expenses. The placing and offer,which is not being underwritten and will not proceed unless subscriptions arereceived in aggregate for at least £25 million, is subject to approval byshareholders of IEM. Impax Asset Management Limited will continue to earn an annual management fee of1 per cent. of IEM's net asset value. 20 October 2005 Enquiries: Ian Simm, Director Tel: 020 7434 1122Impax Group plc This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Impax Asset Management