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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