We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Impax Asset Management Group Plc | LSE:IPX | London | Ordinary Share | GB0004905260 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-19.00 | -4.12% | 442.00 | 444.00 | 446.00 | 463.00 | 442.00 | 461.50 | 262,343 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investment Advice | 178.64M | 39.22M | 0.3057 | 14.59 | 572.32M |
TIDMIPX
RNS Number : 0469G
Impax Asset Management Group plc
19 July 2019
Impax Asset Management Group plc
Related Party Transaction
Introduction agreements
Impax Asset Management Group plc (the "Company") is pleased to announce that its subsidiary, Impax Asset Management Limited ("IAM"), has entered into separate introduction agreements with BNP Paribas Asset Management Australia Limited ("BNPP AM Australia") and BNP Paribas Asset Management USA, Inc ("BNPP AM US"), who are both affiliates of BNP Paribas Asset Management Holding ("BNPP") in relation to clients that each of BNPP AM Australia and BNPP US have introduced to IAM and introduction of future clients to IAM. The introduction agreements provide inter alia for IAM to compensate BNPP AM Australia and BNPP AM US for services linked to the introductions (the "Transaction"). The fees payable by IAM to BNPP AM Australia and BNPP AM US shall be calculated as a percentage of the annual management fee IAM receives from such clients.
As BNPP is a substantial shareholder of the Company as defined under the AIM Rules, and BNPP AM Australia and BNPP AM US are associates of BNPP as defined under the AIM Rules, the entry into the Transaction constitutes a related party transaction under Rule 13 of the AIM Rules.
The independent directors of the Company, having consulted with Peel Hunt LLP in its capacity as the Company's nominated adviser for the purposes of the AIM Rules, consider the terms of the Transaction to be fair and reasonable insofar as the Company's shareholders are concerned.
Independent directors in relation to the matter are all of the directors of the Company except Arnaud de Servigny who is not considered independent because of his role as non-executive director at BNP Paribas Asset Management France.
LEI number: 213800AJDNW4S2B7E680
Enquiries:
Karen Wagg, Director of Communications Tel: +44 (0) 20 3912 3142
Impax Asset Management Group plc
k.wagg@impaxam.com
Ian Simm
Chief Executive Tel: +44 (0) 20 3912 3000 (switchboard)
Impax Asset Management Group plc
7th floor, 30 Panton Street
London SW1Y 4AJ
www.impaxam.com
Gay Collins/Louis Supple
Montfort Communications Tel: + 44 (0) 7798 626282 + 44 (0) 20 3770 7914
impax@montfort.london
Guy Wiehahn or Rishi Shah Tel: +44 (0) 20 7418 8893
Nominated Adviser and Broker
Peel Hunt LLP
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCSFIFWAFUSEEW
(END) Dow Jones Newswires
July 19, 2019 02:00 ET (06:00 GMT)
1 Year Impax Asset Management Chart |
1 Month Impax Asset Management Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions