Last checked at 29 Sep 2009 09:29
For immediate release
29 September 2009
Impax Group plc
("Impax" or the "Company")
Notification of contract win
Impax Group plc, the AIM listed investment manager focused on the environmental sector, announces that it has been awarded a mandate by a European institutional investor to invest in listed equities in the environmental sector. The mandate (won in partnership with BNP Paribas Investment Partners) specifies that Impax will ultimately manage €150m, with an initial tranche of €50m, and that the balance will be allocated at the discretion of the client. Ian Simm, Chief Executive of Impax, commented: "We are very pleased to have secured this important mandate, which was tendered in a competitive process. Impax continues to build its reputation as the leading investment manager dedicated to the rapidly expanding environmental sector. We have made a significant investment in our segregated accounts business and expect further growth in this area."
Enquiries:
Impax Group plc
Ian Simm, CEO 020 7434 1122
Noble & Company Limited
John Riddell, Director 020 7763 2200
Penrose Financial
Gay Collins 020 7786 4882/ 07798626282 gayc@penrose.co.uk
Shona Prendergast 020 7786 4884/ 07798626284 shonap@penrose.co.uk
impax@penrose.co.uk