TIDMAPAX

RNS Number : 2605M

Apax Global Alpha Limited

26 April 2018

(LSE: APAX)

Apax Global Alpha Limited

Director Appointment

The Directors are pleased to announce that Mr Michael Bane has accepted an invitation to join the Board, as a non-executive Director and a member of its audit committee, with effect from 3 July 2018.

Mr Bane has more than 35 years of audit and advisory experience, in the asset management industry, including in relation to private equity funds.

He has been resident in Guernsey for over 20 years, currently leading Ernst and Young's (EY) services to the asset management industry in the Channel Islands and is member of EY's EMEIA Wealth and Asset Management Board. Prior to EY, he was at PwC, in both London and Guernsey. Mr Bane will retire as a partner at EY on 29 June 2018.

Further information on Mr Bane will shortly be made available on the Company's website.

Mr Bane graduated with a BA in Mathematics, from the University of Oxford, and is a member of the Institute of Chartered Accountants, in England and Wales. Mr Bane has no other listed company directorships, other than HICL Infrastructure Company Limited, where it has been announced that he will join the board of that company with effect from 1 July 2018 and he (or any person that may be deemed a person closely associated to him), has no beneficial interest in the shares of the Company, as at the date of this announcement.

There are no further details required to be disclosed pursuant to section 9.6.13 of the UKLA Listing Rules.

Contact details

 
 Investor relations                Media enquiries                   Company secretary 
  Sarah Wojcik                      Andrew Kenny                      Jacques Colley 
  IR Manager - AGA                  Head of Communications            Client Relationship Manager 
  Telephone: +44 (0)20 7666 6573    Telephone: +44 (0)20 7872 6371    Telephone: +44 (0) 1481 749 700 
  Email: sarah.wojcik@apax.com      Email: andrew.kenny@apax.com      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.   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.

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 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over EUR42billion as at 31 December 2017. 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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April 26, 2018 07:47 ET (11:47 GMT)

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