23 Sep 2008 15:54
Impax Group plc
On 18th September 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") for 6,083,333 new Ordinary Shares of 1p ("Ordinary Shares") as part of the Company's employee incentive arrangements as approved at the Company's EGM on 31 January 2008. The potential beneficiaries of the IGEBT include the executive directors and employees of the Company and their families.
Accordingly the Company has allotted 6,083,333 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 the 6,083,333 Ordinary Shares to AIM. It is expected that admission will become effective and trading will commence on 24 September 2008. Following allotment the Company will have 115,582,431 Ordinary Shares in issue.
IGEBT will be interested in 19.4% of the enlarged share capital of the Company.
23rd September 2008
Impax Asset Management (IPX)