Impax Asset Management Group has recommended that Sanne Fiduciary Services, the independent trustee of the Impax Asset Management Group plc Employee Benefit Trust 2012, continues to acquire Impax ordinary shares in the market to satisfy share awards to employees.
The recommendation expires upon the publication of the company's results for the year ended 30 September.
The recommendation is subject to a pre-agreed maximum price and general availability of Impax shares in the market.
Impax says that given the low levels of liquidity in its shares, the EBT may be the largest purchaser of Impax shares on any given day.
At 8:37am: (LON:IPX) Impax Asset Management Plc share price was 0p at 49.25p