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Asset Management One places 1% stake in Impax Asset Management

The 1.3mln Impax shares were sold at a price of 200p each, a 10.5% discount to its last close price of 223.5p

Money
Following the sale, AMO retained around 4.2mln Impax shares

Impax Asset Management Group PLC (LON:IPX) shareholder Asset Management One Co Ltd (AMO) has placed a 1% stake in the firm at a discounted price.

AMO placed around 1.3mln Impax shares, equivalent to around 1% of the share capital, for 200p each, a 10.5% discount to Impax's last close price of 223.5p.  

Impax itself would not receive any proceeds from the placing.

Following the sale, AMO retained around 4.2mln Impax shares.

In early afternoon trading Friday, Impax shares were down 3.8% at 215p.

--Corrects information--

Quick facts: Impax Asset Management

Price: 257.5 GBX

AIM:IPX
Market: AIM
Market Cap: £335.82 m
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