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23 Sep 2008 15:54
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Impax Group plcΒ
OnΒ 18thΒ SeptemberΒ 2008, Impax Group plc (the "Company") received a subscription notice from Sanne Trust Company Limited, the trustee of the Impax Group Employee Benefit Trust 2005 (the "IGEBT") forΒ 6,083,333Β new Ordinary SharesΒ of 1p ("Ordinary Shares")Β as part of the Company's employee incentive arrangements as approved at the Company's EGM onΒ 31Β JanuaryΒ 2008. The potential beneficiaries of the IGEBT include the executive directors and employees of the Company and their families.
Accordingly the Company has allottedΒ 6,083,333Β Ordinary Shares, subject to admission of the shares to trading on the AIM of the London Stock Exchange.
Application has been made to the London Stock Exchange for admission of theΒ 6,083,333Β Ordinary Shares to AIM. It is expected that admission will become effective and trading will commence onΒ 24Β SeptemberΒ 2008. Following allotment the Company will haveΒ 115,582,431Β Ordinary Shares in issue.Β
IGEBT will be interested inΒ 19.4% of the enlarged share capital of the Company.
23rdΒ SeptemberΒ 2008
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