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REG - Apax Global Alpha Ld - PDMR Dealing - Share Transfers





 




RNS Number : 5470J
Apax Global Alpha Limited
20 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 longterm equity financing to build and strengthen worldclass 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

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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