REG - Impax Asset Mgmnt - Investment Advisory Agreement

Impax Asset ManagementAnnouncement

15/07/2024 14:45

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RNS Number : 4629W  Impax Asset Management Group plc  15 July 2024

 

Impax Asset Management Group plc

 

Investment Advisory Agreement

 

Impax Asset Management Group plc (the "Company") is pleased to announce that
its subsidiary, Impax Asset Management Ireland Limited ("IAMI"), has entered
into an investment advisory agreement with BNP Paribas Asset Management Europe
("BNPP AM Europe"), a subsidiary of BNP Paribas Asset Management Holding
("BNPP"), whereby IAMI will provide investment advisory services to BNPP AM
Europe in relation to three investment funds. This is as part of the ongoing
distribution arrangement between the Company and BNPP in a number of
international markets. The investment advisory agreement provides inter alia
for BNPP AM Europe to pay a fee to IAMI for this service (the "Transaction").
The fees payable by BNPP AM Europe to IAMI, to be paid quarterly, shall be
calculated as a percentage of the assets under management.

BNPP AM Europe is an affiliate of BNPP. As BNPP is a substantial shareholder
of the Company, as defined under the AIM Rules, and BNPP AM Europe is an
associate of BNPP, as defined under the AIM Rules, the entry into this
agreement constitutes a related party transaction under Rule 13 of the AIM
Rules.

The independent directors of the Company, having consulted with Peel Hunt LLP
in its capacity as the Company's nominated adviser for the purposes of the AIM
Rules, consider the terms of the transaction to be fair and reasonable insofar
as the Company's shareholders are concerned.

Independent directors in relation to the matter are all the directors of the
Company except Arnaud de Servigny who is not considered independent because of
his role as non-executive director at BNPP AM Europe.

 

LEI number: 213800AJDNW4S2B7E680

-Ends-

Enquiries:

 

 Impax Asset Management Group plc

 Ian Simm, Chief Executive                              +44 (0)20 3912 3000

 Paul French, Head of Communications                    +44 (0)20 3912 3032

 Montfort Communications

 Gay Collins                                            +44 (0)77 9862 6282

 Jack Roddan                                            +44 (0)78 2567 0695

 impax@montfort.london (mailto:impax@montfort.london)

 Peel Hunt LLP, Nominated Adviser and Joint Broker

 Andrew Buchanan                                        +44 (0)20 7418 8900

 Dan Webster

 Berenberg, Joint Broker                                +44 (0)20 3207 7800

 James Felix

 Dan Gee-Summons

 

About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£36.9 billion as of 30 June 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 300 employees(1) across its offices in the United
Kingdom, the United States, Ireland, Hong Kong and Japan making it one of the
investment management sector's largest investment teams dedicated to
sustainable development.

 

www.impaxam.com (http://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
(http://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.

 

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