Apax Global Alpha Limited Senior Independent Director Appointment (5890P)
November 18 2016 - 5:42AM
UK Regulatory
TIDMAPAX
RNS Number : 5890P
Apax Global Alpha Limited
18 November 2016
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.
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"
FOR IMMEDIATE RELEASE
18 November 2016
(LSE: APAX)
Apax Global Alpha Limited
Senior Independent Director Appointment
This notification is made in accordance with LR9.6.11 of the
Listing Rules.
The Company is pleased to announce the appointment of Mrs Susie
Farnon as Senior Independent Director with immediate effect.
Mrs Farnon has been a non-executive Director of the Company and
a member of its Audit Committee since 22 July 2015 and was
appointed chairman of the Audit Committee on 1 July 2016.
Contact details
Investor Relations
Sarah Wojcik
Telephone: +44 (0)20 7872 6300
Email: investor.relations@apaxglobalalpha.com
Media enquiries (Apax Global Alpha Limited)
Georgiana Brunner/Matthew Goodman/Annabel Clay, Greenbrook Communications
Telephone: +44 (0)20 7952 2000
Email: aga@greenbrookpr.com
Media enquiries (Apax Partners LLP)
Alex Wessendorff
Telephone: +44 (0)20 7872 6461
Email: alex.wessendorff@apax.com
Company Secretary
Matt Horton/Jacques Colley, Aztec Group
Telephone: +44 (0)1481 749 700
Email: AGA-Admin@aztecgroup.co.uk
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 (NAV), once fully
invested.
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, cashflow 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.
It operates globally and has more than 30 years of investing
experience. Apax Partners has advised funds that total over EUR40
billion in aggregate as at 30 September 2016. 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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