Director dealings: Impax CFO lowers stake ahead of placing
Charlie Ridge, chief financial officer of Impax Asset Management, offloaded 304,000 ordinary shares in the firm on Tuesday as part of a placing of 3.48m shares conducted by Peel Hunt.
Financial Services
14,004.78
09:14 19/04/24
FTSE AIM 100
3,566.68
09:15 19/04/24
FTSE AIM All-Share
740.79
09:15 19/04/24
Impax Asset Management Group
448.00p
09:14 19/04/24
Ridge, who joined Impax from Deutsche Bank back in 2008, disposed of the shares at an average price of 203.50p each for a total of £618,640.03.
Impax reported a record high assets undermanagement last week.
The AIM-traded firm saw AUM total £11.8bn - a 7% quarter-on-quarter increase.
"Twenty years on since the company's inception, Impax continues to make strong progress," said chief executive Ian Simm.
As of 1530 BST, Impax shares were flat on 203.5p
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