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RNS Number : 1804M Apax Global Alpha Limited 12 September 2023
(LSE: APAX)
Apax Global Alpha Limited
PDMR Dealing
This notification is made in accordance with DTR 3.1 of the Disclosure and
Transparency Rules.
The Company was notified on 11 September 2023 that, Mr Mark Despres who is
a director of Apax Guernsey Managers Limited, sold a total of 9,449 Ordinary
Shares of the Company. The shares were sold on 12 September 2023 at a price of
£1.65928 per share. Following this sales, Mr Mark Despres owns 10,000
Ordinary Shares, representing less than 1% of the Company's total issued share
capital.
Contact details
Investor relations Company secretary
Katarina Sallerfors Magdala Mullegadoo / Chris Copperwaite
Investor Relations - AGA Company Secretary
T: +44 207 666 6526 Telephone: +44 (0) 1481 749 700
E: Katarina.Sallerfors@apax.com Email: AGA-admin@aztecgroup.co.uk (mailto: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. Please be advised that this announcement may contain inside information as
stipulated under the Market Abuse Regulations (EU) NO. 596/2014 ("MAR")
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.
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 LLP ("Apax") is a leading global private equity advisory firm.
For nearly 50 years, Apax has worked to inspire growth and ideas that
transform businesses. The firm has raised and advised funds with aggregate
commitments of more than $60 billion. The Apax Funds invest in companies
across four global sectors of Tech, Services, Healthcare, and
Internet/Consumer. These funds provide long-term equity financing to build and
strengthen world-class companies. For further information about Apax, 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 Mark Despres
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 ORDINARY SHARES
Identification code
APAX
b) Nature of the transaction SALE
c) Price(s) and volume(s)
Price(s) Volume(s)
£ 1.65928 9,449
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
e) Date of the transaction 12 SEPTEMBER 2023
f) Place of the transaction LONDON STOCK EXCHANGE
d)
Aggregated information
- Aggregated volume
- Price
AS IN 4 C) ABOVE
e)
Date of the transaction
12 SEPTEMBER 2023
f)
Place of the transaction
LONDON STOCK EXCHANGE
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