Impax AM secondary placing sees BNPP AM sell 10.5% of issued share capital

Shares sold at 510p per share

BNP Paribas Asset Management (BNPP AM) has sold 13,661,888 ordinary shares in Impax Asset Management Group at a price of 510p per share following an announcement yesterday (10 November) in relation to a proposed placing of ordinary shares.

In a statement about the results of the secondary placing in Impax Asset Management Group, it was confirmed that the placing shares represent approximately 10.5% of the company's issued share capital. Settlement of the placing is expected to occur on 13 November 2020 and following completion of the placing, BNPP AM will continue to hold 18,258,112 ordinary shares in Impax, representing approximately 14% of the issued share capital of the company. Impax AUM jumps to record £20.2bn on 'high levels of net inflows' BNPP AM said it had recently updated the arrangements under which it pr...