Cash generation has been strong in 2008, enabling the Company to invest further in the people and other resources necessary to extend its platform. With the Company restored to sustainable financial health, the board intends to propose the payment of a small maiden dividend. A resolution to this effect will be included when the preliminary results are released
Equity markets continue to struggle in the wake of ongoing bad news from the financial sector and sustained worries about the health of the global economy. In the present conditions it is difficult to express a strong view on the timing of a recovery. However, when better sentiment returns, the board is confident that the Company is well positioned for further growth.
About Impax Group plc:
Impax Group plc ("Impax"), which is quoted on the Alternative Investment Market of the London Stock Exchange, was founded in 1994 as a specialist finance house focusing on the markets for cleaner or more efficient delivery of basic services of energy, water and waste.
These markets are expanding rapidly, as business and political leaders encourage the development of cleaner products and services in response to the increasing pressures placed on the environment.
Impax's dedicated team of professionals, with many years of experience in the financial and environmental sectors, is ideally placed to understand and take advantage of the investment opportunities arising from the fast growing environmental markets. Impax has assets under management or advisory of circa £1.2 billion from institutional and private investors, across a range of listed and private equity funds.
Impax has an extensive track record of identifying compelling investment opportunities in the environmental sector.
Environmental markets are growing at up to 30%, with aggregate revenues in excess of US $200 billion per year.
Impax manages the only "pure-play" environmental investment trust in the FTSE All Share Index.
Impax has a team of 13 investment professionals focusing solely on the environmental sector.
Impax has been selected to partner FTSE in the development and management of its Environmental Technology Index series.
Impax is a signatory to the UN Principles of Responsible Investment (UNPRI)
For further information please visit: www.impax.co.uk
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