(LSE: APAX)
Apax Global Alpha
Limited
Retirement of Chris Ambler
from the Board
The Company confirms that with effect from 1
March 2024, Chris Ambler has retired from his position as Director
of the Company as part of succession planning and board rotation.
Chris was appointed to the Board on 28 April 2015 and has served as
a Director of AGA for nearly nine years. Chris has been an
important contributor to AGA, and the Board has greatly valued his
input over the years. The Board would like to thank Chris for his
contribution and wish him all the best in his future
endeavours.
As announced by the Company on 2 October 2023,
the Board is pleased to announce that Karl Sternberg has been
formally appointed to the Board of AGA and as a member of the Audit
Committee with effect from 1 March 2024. Karl (or any person that
may be a connected party to Karl) has a beneficial interest in
19,000 shares of the Company at the date of this
announcement.
Contact details
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Katarina Sallerfors, Investor Relations -
AGA
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Telephone: +44 207 666 6526
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Email:
Katarina.sallerfors@apax.com
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Notes
1. Note that references in this
announcement to Apax Global Alpha Limited have been abbreviated to
"AGA" or "the Company".
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
investment Company listed on the London Stock Exchange. 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 Debt Investments,
derived from the insights gained via Apax's Private Equity
activities.