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Impax Environmental Says Strong Share Price Confirms Investment Thesis

Tue, 22nd Jan 2019 14:03

LONDON (Alliance News) - Impax Environmental Markets PLC said Tuesday the "strong" performance of the company's share price during 2018 reflects the growing merit of the company's environmental investment thesis.

Shares in Impax Environmental Markets were up 0.6% Tuesday at 266.00 pence each. In September the price reached a 12-month high of 290.00p.

Impax Environmental Markets is focused on investing in companies in the energy, water and waste sectors.

The investment company said since late September, shares have "generally" traded at a premium to net asset value. In December, Impax Environmental issued shares out of treasury "in order to satisfy demand".

The investment company said it remains committed to seeing its shares trading close to net asset value.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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