Impax Asset Management Group
plc
("Impax"
or the "Company")
Update on assets under management
London, 13 December 2024 - Impax
Asset Management Group plc announces that it has received a notice
from St. James's Place Unit Trust Group Limited ("SJP") of
termination of Impax's mandate to manage the Sustainable &
Responsible Equity Fund (the "SRE"), (the "Mandate"). The
termination is expected to take effect in February 2025 subject to
approval by the SRE unitholders at an Extraordinary General Meeting
on 9 January 2025.
The Mandate is the only mandate that
Impax has with SJP and totalled c.£5.2bn of assets under management
("AUM"), as at 30 November 2024. The impact on Impax's revenue is
expected to be circa £12.7m on an annualized basis.
The termination of the Mandate has
been driven by SJP seeking to further diversify the fund across
investment styles.
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under
Article 17 of MAR.
- Ends -
Enquiries:
|
Impax Asset Management Group plc
Ian Simm, Chief Executive
Paul French, Head of
Communications
|
+44 (0)20 3912 3000
+44 (0)20 3912 3032
|
|
Montfort Communications
Gay Collins
Jack Roddan
impax@montfort.london
|
+44 (0)77 9862 6282
+44 (0)78 2567 0695
|
|
Peel
Hunt LLP, Nominated Adviser and Joint Broker
Andrew Buchanan
Dan Webster
Berenberg, Joint Broker
James Felix
John Welch
Dan Gee-Summons
|
+44 (0)20 7418 8900
+44 (0)20 3207 7800
|
About Impax Asset Management
Founded in 1998, Impax is a
specialist asset manager, with approximately £37.2
billion as of 30 September
2024 in both listed and private markets strategies, investing in
the opportunities arising from the transition to a more sustainable
global economy.
Impax believes that capital markets
will be shaped profoundly by global sustainability challenges,
including climate change, pollution and essential investments in
human capital, infrastructure and resource efficiency. These trends
will drive growth for well-positioned companies and create risks
for those unable or unwilling to adapt.
The company seeks to invest in
higher quality companies with strong business models that
demonstrate sound management of risk. Impax offers a well-rounded
suite of investment solutions spanning multiple asset classes
seeking superior risk-adjusted returns over the medium to long
term.
Impax has approximately 310
employees1 across its offices in the United Kingdom, the
United States, Ireland, Denmark, Hong Kong and Japan making it one
of the investment management sector's largest investment teams
dedicated to sustainable development.
www.impaxam.com
1 Full-time
equivalent.
Issued in the UK by Impax Asset Management Group plc, whose
shares are quoted on the Alternative Investment Market of the
London Stock Exchange. Impax Asset Management Group
plc is registered in England & Wales, number
03262305. AUM relates to Impax Asset
Management Limited, Impax Asset Management (AIFM) Limited, Impax
Asset Management Ireland Limited and Impax Asset Management
LLC. Impax Asset Management Limited and Impax Asset
Management (AIFM) Limited are authorised and regulated by the
Financial Conduct Authority and are wholly owned subsidiaries of
Impax Asset Management Group plc. Please note that the
information provided on www.impaxam.com and links from it should not
be relied upon for investment purposes.
Impax is trademark of Impax Asset
Management Group Plc. Impax is a registered trademark in the EU,
US, Hong Kong and Australia. © Impax Asset Management LLC, Impax
Asset Management Limited and/or Impax Asset Management (Ireland)
Limited. All rights reserved.