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Impax sees assets increase to GBP2.8bn

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Impax Asset Management Group has reported an increase in assets under management to GBP2.8 billion for the year ending 30 September, up from GBP2.2 billion in 2013.

Revenue for the year totalled GBP20.4 million (2013: GBP18.5 million), while Operating Earnings were GBP5.3 million (2013: GBP4.3 million), and profit before totalled GBP3.5 million (2013: GBP3.4 million).

The group’s proposed final dividend is 1.1 pence per share (2013: 0.9 pence), augmenting the interim dividend of 0.3 pence per share (2013: zero).

Keith Falconer, Chairman, says: “It is pleasing to report several milestones this year: the addition of a sustainable property capability in response to strong investor demand for this real asset class, a 25 per cent growth in our AUM, and the Company’s Queen’s Award for Enterprise: Sustainable Development.

“In line with the Company’s progressive dividend policy, the Board is proposing an increased final dividend, which if approved, would raise the dividend payout over the year by 56% compared to 2013.”

Ian Simm, Chief Executive, adds: “At a time of growing concern about the prospects for global economic growth, investors are increasingly attracted to environmental and resource efficiency markets.  The drivers of these markets continue to gather momentum with further news on climate change policy and the development of new technologies and stricter regulations.

“Our mandate pipeline is particularly encouraging and we are confident that the plan to build on our strong foundations will create further value for shareholders.”

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