Apax Global Alpha Limited Director/PDMR Shareholding (2919Q)
June 17 2020 - 11:26AM
UK Regulatory
TIDMAPAX
RNS Number : 2919Q
Apax Global Alpha Limited
17 June 2020
(LSE: APAX)
Apax Global Alpha Limited
PDMR Dealing
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 17 June 2020 that Mr Michael Bane a
non-executive director of the Company had beneficially acquired
9,433 Ordinary Shares in three tranches as detailed in the form at
the end of this announcement. These shares will be held through a
nominee arrangement. Following the purchase, Mr Michael Bane owns
18,749 Ordinary Shares, representing less than 1% of the Company's
total issued share capital.
Contact details
Investor relations Company secretary
Sarah Page Lewis Germain/ Sarah Felmingham
IR Manager - AGA Company Secretary
Telephone: +44 (0)20 7666 6573 Telephone: +44 (0) 1481 749 700
Email: sarah.page@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 LLP ("Apax Partners") is a leading global private
equity advisory firm. Over its more than 40-year history, Apax
Partners has raised and advised funds with aggregate commitments of
over EUR40 billion. The Apax Funds 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 MICHAEL BANE
----------------------------------------------------------------- ----------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status DIRECTOR
----------------------------------------------------------------- ----------------------------
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)
GBP1.3240 305
----------
GBP1.3240 42
----------
GBP1.39 9086
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information AS IN 4 C) ABOVE
- Aggregated volume
- Price
----------------------------------------------------------------- ----------------------------
e) Date of the transaction 12 June 2020
15 June 2020
17 June 2020
----------------------------------------------------------------- ----------------------------
f) Place of the transaction LONDON STOCK EXCHANGE
----------------------------------------------------------------- ----------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHBLGDLSDBDGGR
(END) Dow Jones Newswires
June 17, 2020 12:26 ET (16:26 GMT)
Apax Global Alpha (LSE:APAX)
Historical Stock Chart
From Apr 2024 to May 2024
Apax Global Alpha (LSE:APAX)
Historical Stock Chart
From May 2023 to May 2024