REG - Apax Global Alpha Ld - PDMR Dealing - Share Transfers
RNS Number : 5470JApax Global Alpha Limited20 August 2019
(LSE: APAX)
Apax Global Alpha Limited
PDMR Dealing - Apax Holdco Transfers
This notification is made in accordance with DTR 3.1 of the Disclosure and Transparency Rules and article 19(1) of the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
The Company was notified on 19 August 2019 that, on that date, the below noted individuals, each a PDMR of the Company, as detailed in the forms at the end of this announcement, purchased an amount of Ordinary Shares in the Company from Apax Guernsey (Holdco) PCC Limited (on behalf of its PCV Cell), free of consideration, as follows:
PDMR
Shares
Andrew Sillitoe
21,421
Mitch Truwit
21,421
Nico Hansen
17,255
Roy Mackenzie
10,048
Salim Nathoo
17,255
The nature of this transaction is as described on page 17 of the prospectus of the Company dated 22 May 2015, a copy of which is available on the Company's website.
The Company is not a party to these arrangements, other than where required in respect of maintaining the lock-up arrangements, as appropriate.
Contact details
Investor relations
Sarah Page
IR Manager - AGA
Telephone: +44 (0)20 7666 6573
Email: sarah.page@apax.com
Media enquiries
Andrew Kenny
Head of Communications
Telephone: +44 (0)20 7872 6371
Email: andrew.kenny@apax.com
Company secretary
Lewis Germain/ Chris Copperwaite
Company Secretary
Telephone: +44 (0) 1481 749 700
Email: AGA-admin@aztecgroup.co.uk
Notes
1.
Note that references in this announcement to Apax Global Alpha Limited have been abbreviated to "AGA" or "the Company". References to Apax Partners LLP have been abbreviated to "Apax Partners" or "the Investment Adviser"
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 collective investment scheme incorporated as a non-cellular company that listed on the London Stock Exchange on 15 June 2015. 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 Derived Investments which are investments in equities and debt derived from the insights gained via Apax Partners' Private Equity activities. The Company's portfolio is expected to be allocated in approximately equal proportions between Private Equity and Derived Investments, although the investment mix will fluctuate over time due to market conditions, investment opportunities, cash flow requirements, the dividend policy and other factors. Further information regarding the Company and its publications are available on the Company's website at www.apaxglobalalpha.com.
About Apax Partners LLP
Apax Partners is a leading global private equity advisory firm and over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.€40 billion. Funds advised by Apax Partners invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long‐term equity financing to build and strengthen world‐class companies. For further information about Apax Partners, please visit www.apax.com.
Apax Partners is authorised and regulated by the Financial Conduct Authority in the UK.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
ANDREW SILLITOE
2
Reason for the notification
a)
Position/status
PDMR - INVESTMENT MANAGER
b)
Initial notification /Amendment
INITIAL
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
APAX GLOBAL ALPHA LIMITED
b)
LEI
21380031LQE8CU8NU843
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
ORDINARY SHARES
APAX
b)
Nature of the transaction
PURCHASE
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
21,421
d)
Aggregated information
- Aggregated volume
- Price
AS IN 4 C) ABOVE
e)
Date of the transaction
19 August 2019
f)
Place of the transaction
LONDON STOCK EXCHANGE
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
MITCH TRUWIT
2
Reason for the notification
a)
Position/status
PDMR - INVESTMENT MANAGER
b)
Initial notification /Amendment
INITIAL
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
APAX GLOBAL ALPHA LIMITED
b)
LEI
21380031LQE8CU8NU843
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
ORDINARY SHARES
APAX
b)
Nature of the transaction
PURCHASE
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
21,421
d)
Aggregated information
- Aggregated volume
- Price
AS IN 4 C) ABOVE
e)
Date of the transaction
19 August 2019
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
NICO HANSEN
2
Reason for the notification
a)
Position/status
PDMR - INVESTMENT MANAGER
b)
Initial notification /Amendment
INITIAL
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
APAX GLOBAL ALPHA LIMITED
b)
LEI
21380031LQE8CU8NU843
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
ORDINARY SHARES
APAX
b)
Nature of the transaction
PURCHASE
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
17,255
d)
Aggregated information
- Aggregated volume
- Price
AS IN 4 C) ABOVE
e)
Date of the transaction
19 August 2019
f)
Place of the transaction
LONDON STOCK EXCHANGE
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
ROY MACKENZIE
2
Reason for the notification
a)
Position/status
PDMR - INVESTMENT MANAGER
b)
Initial notification /Amendment
INITIAL
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
APAX GLOBAL ALPHA LIMITED
b)
LEI
21380031LQE8CU8NU843
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
ORDINARY SHARES
APAX
b)
Nature of the transaction
PURCHASE
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
10,048
d)
Aggregated information
- Aggregated volume
- Price
AS IN 4 C) ABOVE
e)
Date of the transaction
19 August 2019
f)
Place of the transaction
LONDON STOCK EXCHANGE
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
SALIM NATHOO
2
Reason for the notification
a)
Position/status
PDMR - INVESTMENT MANAGER
b)
Initial notification /Amendment
INITIAL
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
APAX GLOBAL ALPHA LIMITED
b)
LEI
21380031LQE8CU8NU843
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
ORDINARY SHARES
APAX
b)
Nature of the transaction
PURCHASE
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
17,255
d)
Aggregated information
- Aggregated volume
- Price
AS IN 4 C) ABOVE
e)
Date of the transaction
19 August 2019
f)
Place of the transaction
LONDON STOCK EXCHANGE
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