8 February 2019
Result of Placing in Impax Asset Management Group PLC
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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
Placing of 1,307,000 ordinary shares in Impax Asset Management Group PLC ("Impax" or the "Company")
Asset Management One Co., Ltd. (the "Seller") has sold, subject to completion, 1,307,000 ordinary shares in the Company (the "Placing Shares") at a price of 200 pence per share (the "Placing"). The Placing Shares represent approximately 1% of the Company's issued share capital.
The proceeds of the Placing are payable in cash and will be settled on a T+2 basis (unless otherwise agreed), and settlement of the Placing is expected to occur on or about 12th February 2019.
The Company will not receive any proceeds from the Placing.
The Ordinary Shares held by the Seller, amounting to 4,167,955 Ordinary Shares, are not being sold in the Placing and will be subject to a 90-day lock-up which is subject to certain exceptions and may otherwise only be waived with the consent of the Peel Hunt LLP and a further 90-day orderly marketing period.
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Peel Hunt LLP +44 207 478 8900
Jock Maxwell Macdonald
This announcement and the information contained herein may not be published, distributed or transmitted, directly or indirectly, in the United States (including its territories and possessions), Canada, Australia, Japan or the Republic of South Africa or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement and the information contained herein are for information purposes only and do not constitute or form part of any offer of securities for sale or a solicitation of an offer to purchase securities in the United States, Australia, Canada, Japan, the Republic of South Africa or any other jurisdiction.
In the United Kingdom, this announcement is only directed at persons who are qualified investors (as defined below) and (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
In member states of the European Economic Area (EEA) which have implemented the Prospectus Directive (each, a "Relevant Member State"), this announcement and any offer if made is directed exclusively at persons who are "qualified investors" within the meaning of the Prospectus Directive ("qualified investors"). For these purposes, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in a Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.
The distribution of this announcement and the offering or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. No prospectus or offering document has been or will be prepared in connection with the Placing. Any investment decision to buy securities in the Placing must be made solely on the basis of publicly available information. Such information is not the responsibility of and has not been independently verified by any of the Seller, Peel Hunt LLP (the "Bookrunner") or any of their respective affiliates.
Peel Hunt LLP is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The Bookrunner is acting only for the Seller in connection with the Placing and will not be responsible to anyone other than the Seller for providing the protections offered to their respective clients nor for providing advice in relation to the Placing or any matters referred to in this announcement.
In connection with any offering of the Placing Shares, the Bookrunner and/or any respective affiliates may take up a portion of the securities in the offering as a principal position and in that capacity may retain, purchase or sell for their own account such securities. The Bookrunner do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.
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