TIDMAPAX

RNS Number : 1684L

Apax Global Alpha Limited

11 May 2022

(LSE: APAX)

Apax Global Alpha Limited

PDMR Dealing - Apax Guernsey Managers Transfers

This notification is made in accordance with DTR 3.1 of the Disclosure and Transparency Rules.

The Company was notified on 11 May 2022 that, the below noted individuals, each a PDMR of the Company, as detailed in the forms at the end of this announcement, received an amount of Ordinary Shares in the Company from Apax Guernsey Managers Limited, free of consideration, as follows:

 
 PDMR              Shares    Date of Transfer 
 Andrew Sillitoe   245,824   11 May 2022 
                  --------  ----------------- 
 Mitch Truwit      235,285   11 May 2022 
                  --------  ----------------- 
 Roy Mackenzie     158,821   11 May 2022 
                  --------  ----------------- 
 Salim Nathoo      196,669   11 May 2022 
                  --------  ----------------- 
 Ralf Gruss        137,653   11 May 2022 
                  --------  ----------------- 
 Mark Despres      4,698     11 May 2022 
                  --------  ----------------- 
 

The nature of this transaction is a transfer of Performance Shares from the Investment Manager as further described on page 98 of the prospectus of the Company dated 22 May 2015, a copy of which is available on the Company's website .

The Performance Shares transferred shall, save in the event of certain limited circumstances such as to fund the payment or discharge of any liability to tax or social security payments arising, not be sold or otherwise transferred or disposed of on or before 2(nd) March 2023.

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                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") 
 

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.

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                               ANDREW SILLITOE 
     -----------------------------------------------------------------  ---------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                     PDMR INVESTMENT ADVISOR 
     -----------------------------------------------------------------  ---------------------------- 
 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) 
                                                                            GBP0        245,824 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
 
       - Aggregated volume 
 
 
       - Price                                                            0 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            11 May 2022 
     -----------------------------------------------------------------  ---------------------------- 
 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 ADVISOR 
     -----------------------------------------------------------------  ---------------------------- 
 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) 
                                                                            GBP0        235,285 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
 
       - Aggregated volume 
 
 
       - Price                                                            0 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            11 May 2022 
     -----------------------------------------------------------------  ---------------------------- 
 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 ADVISOR 
     -----------------------------------------------------------------  ---------------------------- 
 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) 
                                                                            GBP0        158,821 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
 
       - Aggregated volume 
 
 
       - Price                                                            0 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            11 May 2022 
     -----------------------------------------------------------------  ---------------------------- 
 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 ADVISOR 
     -----------------------------------------------------------------  ---------------------------- 
 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) 
                                                                            GBP0        196,669 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
 
       - Aggregated volume 
 
 
       - Price                                                            0 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            11 May 2022 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           LONDON STOCK EXCHANGE 
     -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                               RALF GRUSS 
     -----------------------------------------------------------------  ---------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                     PDMR INVESTMENT ADVISOR 
     -----------------------------------------------------------------  ---------------------------- 
 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) 
                                                                            GBP0        137,653 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
 
       - Aggregated volume 
 
 
       - Price                                                            0 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            11 May 2022 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           LONDON STOCK EXCHANGE 
     -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                               MARK DESPRES 
     -----------------------------------------------------------------  ---------------------------- 
 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) 
                                                                            GBP0        4,698 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
 
       - Aggregated volume 
 
 
       - Price                                                            0 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            11 May 2022 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           LONDON STOCK EXCHANGE 
     -----------------------------------------------------------------  ---------------------------- 
 

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