REG - Apax Global Alpha Ld - Result of AGM

Apax Global AlphaAnnouncement

06/05/2022 07:15

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RNS Number : 5286K  Apax Global Alpha Limited  06 May 2022

(LSE: APAX)

 

Apax Global Alpha Limited

 

Results of Seventh Annual General Meeting

 

The Directors of the Company are pleased to announce the results of voting at
the Seventh Annual General Meeting of the Company held at 10:00 AM (UK Time)
on Tuesday 5 May 2022 at the offices of Aztec Group, East Wing, Trafalgar
Court, Les Banques, St Peter Port, Guernsey, GY1 3PP (the "AGM").

 

Each of the Ordinary Resolutions and Special Resolutions proposed in items 1
to 12 of the notice and agenda of the AGM were duly passed.

 

Voting was conducted by way of poll.

 

Total votes of 216,722,976 were cast at the AGM(1). The results of the
voting(2) are noted as follows:

 

Ordinary Resolutions(3)

 

                                                                                  In Favour           Against            Withheld(4)
 Resolution                                                                       Votes        %age   Votes       %age   Votes

 1.   To adopt the annual report and audited financial statements of the          216,697,963  99.99  22,713      0.01   2,309
 Company for the year ended 31 December 2021, including the reports of the

 Directors and the Auditor.
 2.   To adopt the Directors' Remuneration Report and in doing so approve the     216,629,125  99.97  61,693      0.03   32,167
 proposed increase in the Directors' Fee Cap (as set out in the Annual Report).
 3.   To re-appoint KPMG Channel Islands Limited as the external auditor of       216,674,149  99.99  13,985      0.01   34,851
 the Company to hold office until conclusion of the next annual general
 meeting.
 4.   To authorise the Board to negotiate and fix the remuneration of the         216,709,253  99.99  8,251       0.01   5,481
 Auditor in respect of the financial year ended 31 December 2022.
 5.   To re-elect Chris Ambler as an independent non-executive Director of        190,817,914  88.06  25,877,423  11.94  27,648
 the Company.
 6.   To re-elect Mike Bane as an independent non-executive Director of the       215,325,213  99.37  1,370,124   0.63   27,648
 Company.
 7.   To re-elect Tim Breedon as an independent non-executive Director of the     215,329,110  99.37  1,366,227   0.63   27,648
 Company.
 8.   To re-elect Stephanie Coxon as an independent non-executive Director of     214,745,077  99.10  1,950,259   0.90   27,649
 the Company.
 9.   To re-elect Sally-Ann (Susie) Farnon as an independent non-executive        215,330,733  99.37  1,364,604   0.63   27,648
 Director of the Company.
 10.  To approve the Company's dividend policy as set out on page 12 of the       216,720,263  99.99  2,713       0.01   9
 Prospectus dated 22 May 2015.
 Special Resolutions(5)
                                                                                  In Favour           Against            Withheld(4)
 Resolution                                                                       Votes        %age   Votes       %age   Votes
 11.  To renew the authorisation of the Company to make market acquisitions of    216,672,813  99.99  27,863      0.01   22,309
 its shares as set out at special resolution 11 of the notice and agenda for
 the AGM.
 12.  To authorise the Directors to issue up to a maximum number of ordinary      216,582,189  99.94  138,478     0.06   2,318
 shares as set out at special resolution 12 of the notice and agenda for the

 AGM.

 

 

A copy of this announcement will be available on the Company's website and,
in accordance with the Listing Rules, the full text of the special resolutions
passed at the AGM may be found in the Notice of AGM  published on 2 March
2022 available from the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

1.        The total voting rights of the Company as at 1 March 2022
were disclosed in the notice of the AGM published on 2 March 2022 and were
unchanged at the time of convening the AGM, being 491,100,768.

 

2.        Pursuant to the Companies (Guernsey) Law, ordinary and
special resolutions of the members are passed on a show of hands if passed by
members who vote in person and by persons who vote as duly appointed proxies
of members entitled to vote. Accordingly, this means that resolutions are
passed by the requisite majority of votes cast at the AGM, not as a majority
of the total voting rights.

 

3.        Ordinary resolutions are passed if more than half (50%) of
votes are cast in favour of the resolution.

 

4.        A vote withheld is not a vote in law and is not counted in
the calculation of the proportion of votes "for" and "against" a particular
resolution.

 

5.        Special resolutions are passed if more than 75% of votes are
cast in favour of the resolution.

 

 

Contact details

 

 Investor relations                                              Company secretary

 Lorraine Rees                                                   Lewis Germain

 Investor Relations - AGA                                        Company Secretary

 Telephone: +44 (0)7889 089 220                                  Telephone: +44 (0) 1481 749 700

 Email: lorraine.rees@apax.com (mailto:lorraine.rees@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")

 3.  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

 4.  The information presented herein is not an offer for sale within the United
     States of any equity shares or other securities of Apax Global Alpha Limited
     ("AGA"). AGA has not been and will not be registered under the US Investment
     Company Act of 1940, as amended (the "Investment Company Act"). In addition,
     AGA's shares (the "Shares") have not been and will not be registered under the
     Securities Act or any other applicable law of the United States. Consequently,
     the Shares may not be offered or sold or otherwise transferred within the
     United States, or to, or for the account or benefit of, US Persons, except
     pursuant to an exemption from the registration requirements of the Securities
     Act and under circumstances which will not require AGA to register under the
     Investment Company Act. No public offering of the Shares is being made in the
     United States

 5.  This announcement may include forward-looking statements. The words "expect",
     "anticipate", "intends", "plan", "estimate", "aim", "forecast", "project" and
     similar expressions (or their negative) identify certain of these
     forward-looking statements. These forward-looking statements are statements
     regarding AGA's intentions, beliefs or current expectations concerning, among
     other things, AGA's results of operations, financial condition, liquidity,
     prospects, growth and strategies. The forward-looking statements in this
     presentation are based on numerous assumptions regarding AGA's present and
     future business strategies and the environment in which AGA will operate in
     the future. Forward-looking statements involve inherent known and unknown
     risks, uncertainties and contingencies because they relate to events and
     depend on circumstances that may or may not occur in the future and may cause
     the actual results, performance or achievements of AGA to be materially
     different from those expressed or implied by such forward looking statements.
     Many of these risks and uncertainties relate to factors that are beyond AGA's
     ability to control or estimate precisely, such as future market conditions,
     currency fluctuations, the behaviour of other market participants, the actions
     of regulators and other factors such as AGA's ability to continue to obtain
     financing to meet its liquidity needs, changes in the political, social and
     regulatory framework in which AGA operates or in economic or technological
     trends or conditions. Past performance should not be taken as an indication or
     guarantee of future results, and no representation or warranty, express or
     implied, is made regarding future performance. AGA expressly disclaims any
     obligation or undertaking to release any updates or revisions to these
     forward-looking statements to reflect any change in AGA's expectations with
     regard thereto or any change in events, conditions or circumstances on which
     any statement is based after the date of this announcement, or to update or to
     keep current any other information contained in this announcement.
     Accordingly, undue reliance should not be placed on the forward-looking
     statements, which speak only as of the date of this announcement.

 

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.

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