TIDMAPAX

RNS Number : 5289X

Apax Global Alpha Limited

04 May 2021

(LSE: APAX)

Apax Global Alpha Limited

Results of Sixth Annual General Meeting

The Directors of the Company are pleased to announce the results of voting at the sixth Annual General Meeting of the Company held at 10:00 AM (UK Time) on Tuesday 4 May 2021 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.

The Discontinuation Resolution proposed at the AGM in regard to the discontinuation of the Company pursuant to its articles was not passed. Voting was conducted by way of proxy, either by post, web voting or via CREST.

Total votes of 306,214,092 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 Company for the year 
       ended 31 December 2020, including the reports of the 
       Directors and the Auditor.                             289,466,020   100.00   2,713         0.00    16,745,359 
      2. To approve the Directors' Remuneration Report (as 
       set out in the Annual Report).                         289,405,703   99.98    53,513        0.02    16,754,876 
      3. To re-appoint KPMG Channel Islands Limited as the 
       external auditor of the Company to hold 
       office until conclusion of the next annual general 
       meeting.                                               300,181,503   99.99    39,987        0.01    5,992,602 
      4. To authorise the Board to negotiate and fix the 
       remuneration of the Auditor in respect 
       of the financial year ended 31 December 2021.          300,219,989   100.00   4,160         0.00    5,989,943 
      5. To re-elect Chris Ambler as an independent 
       non-executive Director of the Company.                 288,334,712   99.61    1,120,177     0.39    16,759,203 
      6. To re-elect Mike Bane as an independent 
       non-executive Director of the Company.                 289,439,626   99.99    15,263        0.01    16,759,203 
      7. To re-elect Tim Breedon as an independent 
       non-executive Director of the Company.                 288,651,354   99.72    803,535       0.28    16,759,203 
      8. To re-elect Stephanie Coxon as an independent 
       non-executive Director of the Company.                 289,440,676   100.00   14,213        0.00    16,759,203 
      9. To re-elect Sally-Ann (Susie) Farnon as an 
       independent non-executive Director of the Company.     289,440,676   100.00   14,213        0.00    16,759,203 
      10. To approve the Company's dividend policy as set 
       out on page 12 of the Prospectus dated 
       22 May 2015.                                           300,222,592   99.99    2,713         0.01    5,988,787 
 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 its shares as 
       set out at special resolution 11 of the notice and 
       agenda for the AGM.                                    300,116,617   99.96    108,688       0.04    5,988,787 
      12. To authorise the Directors to issue up to a 
       maximum number of ordinary shares as set out 
       at special resolution 12 of the notice and agenda 
       for the AGM.                                           300,082,887   99.95    138,544       0.05    5,992,661 
 Discontinuation Resolution(6) 
                                                              In Favour              Against               Withheld(4) 
 Resolution                                                   Votes         %age     Votes         %age    Votes 
      13. That the Company be wound-up, liquidated, 
       reconstructed or unitised, and that, in accordance 
       with Article 49.3 of the Articles of Incorporation 
       of the Company, the Directors of the Company 
       put forward proposals to conduct an orderly winding 
       up, liquidation, reconstruction or unitisation 
       of the Company.                                        582,174       0.19     305,133,341   99.81   498,577 
 

A copy of this announcement will be available on the Company's website at http://www.apaxglobalalpha.com/investor-information/results-and-publications/ and, in accordance with Listing Rules, the full text of the special resolutions passed at the AGM has been submitted to the National Storage Mechanism.

1. The total voting rights of the Company as at 1 March 2021 were disclosed in the notice of the AGM published on 2 March 2021 and were unchanged at the time of convening the AGM, being 491,100,768.

2. Pursuant to sections 176(3) and 178(4) of the Companies (Guernsey) Law, 2008, 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.

6. Pursuant to the articles of the Company, the Discontinuation resolution is passed if more than 66.66% of votes cast in favour of the resolution.

Contact details

 
 Investor relations                 Company secretary 
  Investor Relations - AGA           Lewis Germain 
  Katarina Sallerfors                Company Secretary 
  T: +44 207 872 6526                Telephone: +44 (0) 1481 749 700 
  E: Katarina.sallerfors@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 
 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 more information see: www.apax.com .

Apax Partners is authorised and regulated by the Financial Conduct Authority in the UK.

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END

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May 04, 2021 12:40 ET (16:40 GMT)

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