Impax Group Announcements

Re Agreement

05 June 2008 10:36:05



RNS Number : 0468W Impax Group PLC 05 June 2008  
Holding(s) in Company and MoU for Promotion of Funds in Japan

Impax Group plc ("Impax" or the "Company"), the AIM quoted investment company which focuses exclusively on the environmental markets sector, announces that it was notified yesterday that, following the acquisition of 200,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") from existing shareholders, DIAM Co., Ltd ("DIAM") holds 3,400,000 Ordinary Shares. This represents 3.11 per cent. of the Company's issued share capital. 

As previously announced, since August 2007 the Company has been investment sub-adviser to the DIAM World Environmental Business Fund (the "DIAM Fund"), a fund that invests in a portfolio of mid-cap and large-cap stocks active in environmental markets. Impax has also signed a Memorandum of Understanding with DIAM which will now take effect under which the two companies will work together to promote Impax's funds and investment products managed or advised by Impax in the Japanese market.

Ian Simm, Chief Executive, commented: "We believe that, as investors continue to benefit from exposure to the rapidly expanding environmental sector, there is high potential for Impax's proven investment management and advisory services in Japan. DIAM is among the most respected Japanese financial institutions, and we are delighted to welcome them as an Impax shareholder."

For further information please contact

Keith Falconer, Chairman
Impax Group plc

07747 066637
Ian Simm, Chief Executive
Impax Group plc

020 7432 2619
Simon Bridges, Managing Director
Landsbanki Securities (UK) Limited
020 7426 9000

This information is provided by RNSThe company news service from the London Stock Exchange  END  AGRZGGGVLKRGRZG

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.