Impax Asset Management Group plc Distribution agreements (2006V)
April 12 2021 - 10:47AM
UK Regulatory
TIDMIPX
RNS Number : 2006V
Impax Asset Management Group plc
12 April 2021
Impax Asset Management Group plc
Distribution agreements
Impax Asset Management Group plc (the "Company") is pleased to
announce that its subsidiary, Impax Asset Management Limited
("IAM"), has entered into a new distribution agreement with Fidante
Partners Limited ("Fidante Partners"). Going forward, Fidante
Partners will be IAM's exclusive distribution partner in Australia
and New Zealand.
Part of Challenger Limited (ASX:CGF), Fidante Partners focuses
particularly on partnering with specialist asset managers and is
well-positioned to support Impax's future growth aspirations in
both the institutional and wholesale market in Australia and New
Zealand.
IAM and Fidante Partners will work with the Company's previous
distribution partner in Australia, BNP Paribas Asset Management
Australia Limited ("BNPP AM Australia"), to ensure an orderly
transition. As part of this transition, IAM has entered into a new
agreement with BNPP AM Australia to manage the share of client fees
between Fidante Partners and BNPP AM Australia over the next 12
months.
Separately, the Company is pleased to announce a new client
mandate that has been introduced by BNP Paribas Asset Management
Nederland N.V. (BNPP AM NL) as part of the ongoing distribution
agreement between the Company and BNP Paribas Asset Management
Holding in a number of international markets. The introductory fee
arrangements between BNPP AM NL and the Company are a small
variation to those set out in the distribution agreement announced
by the Company on 28 October 2020, formalised by an agreement
between BNPP AM NL and the Company.
BNPP AM Australia and BNPP AM NL are affiliates of BNP Paribas
Asset Management Holding ("BNPP"). As BNPP is a substantial
shareholder of the Company, as defined under the AIM Rules, and
BNPP AM Australia and BNPP AM NL are associates of BNPP, as defined
under the AIM Rules, the entry into these agreements constitute
related party transactions 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
transactions to be fair and reasonable insofar as the Company's
shareholders are concerned.
Independent directors in relation to the matter are all of the
directors of the Company except Arnaud de Servigny who is not
considered independent because of his role as non-executive
director at BNP Paribas Asset Management France.
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive
Paul French, Corporate Communications
Director +44 (0)20 3912 3000
Montfort Communications
Gay Collins
Louis Supple +44 (0)77 9862 6282
impax@montfort.london +44 (0)77 3943 0102
Peel Hunt LLP, Nominated Adviser
James Britton or Rishi Shah +44 (0)20 7418 8900
Notes to Editors - About Impax Asset Management
Impax Asset Management manages or advises on both listed and
private markets strategies. The Company's investments are based on
the strong conviction that population dynamics, resource scarcity,
inadequate infrastructure and environmental constraints will
profoundly shape global markets, creating investment risks and
opportunities. Impax expects that these trends, reflecting the
transition towards a more sustainable global economy, will drive
earnings growth for well-positioned companies. Impax's proprietary
investment framework identifies and calibrates the rising risks and
expanding opportunities from this transition and guides the search
for investments that will deliver long term outperformance.
For further information please visit www.impaxam.com .
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 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
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