REG - Apax Global Alpha Ld - Retirement of Chris Ambler from the Board

Apax Global AlphaAnnouncement

01/03/2024 14:00

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RNS Number : 3134F  Apax Global Alpha Limited  01 March 2024

(LSE: APAX)

 

Apax Global Alpha Limited

 

Retirement of Chris Ambler from the Board

 

The Company confirms that with effect from 1 March 2024, Chris Ambler has
retired from his position as Director of the Company as part of succession
planning and board rotation. Chris was appointed to the Board on 28 April 2015
and has served as a Director of AGA for nearly nine years. Chris has been an
important contributor to AGA, and the Board has greatly valued his input over
the years. The Board would like to thank Chris for his contribution and wish
him all the best in his future endeavours.

 

As announced by the Company on 2 October 2023, the Board is pleased to
announce that Karl Sternberg has been formally appointed to the Board of AGA
and as a member of the Audit Committee with effect from 1 March 2024. Karl (or
any person that may be a connected party to Karl) has a beneficial interest in
19,000 shares of the Company at the date of this announcement.

 

Contact details

 

 Katarina Sallerfors, Investor Relations - AGA
 Telephone:  +44 207 666 6526
 Email: Katarina.sallerfors@apax.com

 

Notes

 

1.  Note that references in this announcement to Apax Global Alpha Limited
have been abbreviated to "AGA" or "the Company".

2.   This announcement is not for release, publication or distribution,
directly or indirectly, in whole or in part, into or within the United States
or to "US persons" (as defined in Regulation S under the United States
Securities Act of 1933, as amended (the "Securities Act")) or into or within
Australia, Canada, South Africa or Japan. Recipients of this announcement in
jurisdictions outside the UK should inform themselves about and observe any
applicable legal requirements in their jurisdictions. In particular, the
distribution of the announcement may be restricted by law in certain
jurisdictions.

 

About Apax Global Alpha Limited

 

AGA is a Guernsey registered closed-ended investment Company listed on the
London Stock Exchange. It is regulated by the Guernsey Financial Services
Commission.

 

AGA's objective is to provide shareholders with capital appreciation from its
investment portfolio and regular dividends. The Company is targeting an
annualised Total Return, across economic cycles, of 12-15% (net of fees and
expenses) including a dividend yield of 5% of Net Asset Value.

 

The investment policy of the Company is to make Private Equity investments in
Apax Funds, and Debt Investments, derived from the insights gained via Apax's
Private Equity activities.

 

 

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