TIDMAPAX

RNS Number : 5286K

Apax Global Alpha Limited

06 May 2022

(LSE: APAX)

Apax Global Alpha Limited

Results of Seventh Annual General Meeting

The Directors of the Company are pleased to announce the results of voting at the Seventh Annual General Meeting of the Company held at 10:00 AM (UK Time) on Tuesday 5 May 2022 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.

Voting was conducted by way of poll.

Total votes of 216,722,976 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 2021, including the reports of the 
       Directors and the Auditor.                               216,697,963   99.99   22,713       0.01    2,309 
      2. To adopt the Directors' Remuneration Report and in 
       doing so approve the proposed increase 
       in the Directors' Fee Cap (as set out in the Annual 
       Report).                                                 216,629,125   99.97   61,693       0.03    32,167 
      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.                                                 216,674,149   99.99   13,985       0.01    34,851 
      4. To authorise the Board to negotiate and fix the 
       remuneration of the Auditor in respect 
       of the financial year ended 31 December 2022.            216,709,253   99.99   8,251        0.01    5,481 
      5. To re-elect Chris Ambler as an independent 
       non-executive Director of the Company.                   190,817,914   88.06   25,877,423   11.94   27,648 
      6. To re-elect Mike Bane as an independent 
       non-executive Director of the Company.                   215,325,213   99.37   1,370,124    0.63    27,648 
      7. To re-elect Tim Breedon as an independent 
       non-executive Director of the Company.                   215,329,110   99.37   1,366,227    0.63    27,648 
      8. To re-elect Stephanie Coxon as an independent 
       non-executive Director of the Company.                   214,745,077   99.10   1,950,259    0.90    27,649 
      9. To re-elect Sally-Ann (Susie) Farnon as an 
       independent non-executive Director of the Company.       215,330,733   99.37   1,364,604    0.63    27,648 
      10. To approve the Company's dividend policy as set out 
       on page 12 of the Prospectus dated 
       22 May 2015.                                             216,720,263   99.99   2,713        0.01    9 
 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.                                      216,672,813   99.99   27,863       0.01    22,309 
      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.                                                 216,582,189   99.94   138,478      0.06    2,318 
 

A copy of this announcement will be available on the Company's website and, in accordance with the Listing Rules, the full text of the special resolutions passed at the AGM may be found in the Notice of AGM published on 2 March 2022 available from the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

1. The total voting rights of the Company as at 1 March 2022 were disclosed in the notice of the AGM published on 2 March 2022 and were unchanged at the time of convening the AGM, being 491,100,768.

2. Pursuant to the Companies (Guernsey) Law, 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.

Contact details

 
 Investor relations                Company secretary 
  Lorraine Rees                     Lewis Germain 
  Investor Relations - AGA          Company Secretary 
  Telephone: +44 (0)7889 089 220    Telephone: +44 (0) 1481 749 700 
  Email: lorraine.rees@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 further information about Apax, please visit www.apax.com.

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

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