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IMPAX ASSET MANAGEMENT GROUP PLC — Director's Dealing 2017
Dec 1, 2017
7704_dirs_2017-12-01_5a420b76-14c2-49ab-b920-f62ae0029cef.html
Director's Dealing
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RNS Number : 2083Y
Impax Asset Management Group plc
01 December 2017
1 December 2017
Impax Asset Management Group plc
Director / PDMR disclosure
Grant of shares
Impax Asset Management Group plc (the "Company") announces that it has awarded grants under the Company's restricted share scheme ("RSS") to the following PDMRs:
| PDMR | Number of shares granted under RSS Award | Date of Grant |
| Ian Simm | 60,000 | 1 December 2017 |
| Charlie Ridge | 60,000 | 1 December 2017 |
One-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.
Grant of options
The Company also announces that it has awarded 100,000 options over ordinary shares in the Company (the "Shares") under its 2017 Employee Share Option Plan ("ESOP") to Charlie Ridge. Option awards made under the 2017 ESOP will have an exercise price set at a ten percent premium to the average closing share price of the five business days following the announcement of results for the year ended 30 September 2017, as released on 29 November 2017. They will vest subject to continued employment to 31 December 2020.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Ian Simm
2.
Reason for the notification
a)
Position / status
Chief Executive
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Impax Asset Management Group plc
b)
LEI
213800AJDNW4S2B7E680
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of financial instrument
Identification Code
Ordinary Shares of 1p each in Impax Asset Management Group plc
IPX
GB0004905260
b)
Nature of the transaction
Ian Simm has been awarded 60,000 restricted ordinary shares.
One-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 0p (nil) per share | 60,000 |
d)
Aggregated information
Aggregated volume
Price
Aggregated volume: 60,000
Aggregated price: 0p (nil)
Total aggregated price: 0p (nil)
e)
Date of the transaction
1 December 2017
f)
Place of the transaction
Outside of trading venue
1.
Details of PDMR / person closely associated with them ('PCA')
a)
Name
Charlie Ridge
2.
Reason for the notification
a)
Position / status
Chief Financial Officer
b)
Initial notification / amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Impax Asset Management Group plc
b)
LEI
213800AJDNW4S2B7E680
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of financial instrument
Identification Code
Ordinary Shares of 1p each in Impax Asset Management Group plc
IPX
GB0004905260
b)
Nature of the transaction
Charlie Ridge has been awarded 60,000 restricted ordinary shares.
One-third of the Shares will vest in three years, a further third will vest in four years and the final third will vest in five years.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 0p (nil) per share | 60,000 |
d)
Aggregated information
Aggregated volume
Price
Aggregated volume: 60,000
Aggregated price: 0p (nil)
Total aggregated price: 0p (nil)
e)
Date of the transaction
1 December 2017
f)
Place of the transaction
Outside of trading venue
| a) | Description of the financial instrument, type of financial instrument Identification Code |
Options granted over Ordinary Shares of 1p each in Impax Asset Management Group plc IPX GB0004905260 |
| b) | Nature of the transaction | Charlie Ridge has been awarded 100,000 options over ordinary shares |
| c) | Price(s) and volume(s) | Volume granted: 100,000 Exercise Price(s): ten percent premium to the average closing share price of the five business days following the announcement of results for the year ended 30 September 2017, as released on 29 November 2017 |
| d) | Aggregated information Aggregated volume Price |
Aggregated volume: 100,000 options Aggregated price: described as above |
| e) | Date of the transaction | 1 December 2017 |
| f) | Place of the transaction | Outside of trading venue |
LEI number: 213800AJDNW4S2B7E680
Enquiries:
Zack Wilson
Group General Counsel and Company Secretary Tel: + 44 (0) 20 7434 1122 (switchboard)
Impax Asset Management Group plc
Norfolk House, 31 St James's Square,
London, SW1Y 4JR
Anne Gilding Tel: +44 (0) 20 7434 1122 (switchboard)
Head of Brand & Communications Tel: +44 (0) 20 7432 2602 (direct)
Impax Asset Management Group plc Tel: +44 (0) 7881 249612 (mobile)
Norfolk House, 31 St James's Square, Email: [email protected]
London, SW1Y 4JR
Guy Wiehahn Tel: +44 (0) 20 7418 8893
Nominated Adviser and Broker
Peel Hunt LLP
This information is provided by RNS
The company news service from the London Stock Exchange
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