TIDMAPAX
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 Media enquiries Company secretary
Sarah Page Andrew Kenny Lewis Germain/ Chris Copperwaite
IR Manager - AGA Head of Communications Company Secretary
Telephone: +44 (0)20 7666 6573 Telephone: +44 (0)20 7872 6371 Telephone: +44 (0) 1481 749 700
Email: sarah.page@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. 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.EUR40 billion.
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.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name ANDREW SILLITOE
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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 PURCHASE
----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 21,421
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
----------------------------------------------------------------- ----------------------------
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 ORDINARY SHARES
Identification code APAX
----------------------------------------------------------------- ----------------------------
b) Nature of the transaction PURCHASE
----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 21,421
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
----------------------------------------------------------------- ----------------------------
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 ORDINARY SHARES
Identification code APAX
----------------------------------------------------------------- ----------------------------
b) Nature of the transaction PURCHASE
----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,255
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
----------------------------------------------------------------- ----------------------------
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 ORDINARY SHARES
Identification code APAX
----------------------------------------------------------------- ----------------------------
b) Nature of the transaction PURCHASE
----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 10,048
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
----------------------------------------------------------------- ----------------------------
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 ORDINARY SHARES
Identification code APAX
----------------------------------------------------------------- ----------------------------
b) Nature of the transaction PURCHASE
----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 17,255
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
----------------------------------------------------------------- ----------------------------
e) Date of the transaction 19 August 2019
----------------------------------------------------------------- ----------------------------
f) Place of the transaction LONDON STOCK EXCHANGE
----------------------------------------------------------------- ----------------------------
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END
DSHPMMPTMBBTMIL
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August 20, 2019 04:17 ET (08:17 GMT)
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