Apax Global Alpha Share News (APAX)

(Sharecast News) - Apax Global Alpha updated the market in light of the Covid-19 coronavirus outbreak on Wednesday, saying it was closely monitoring the impact of the pandemic.
The FTSE 250 company said it currently intended to hold its annual general meeting as planned, although it noted government guidance restricting social gatherings.

It said that, if such guidance remained in place on the date of the meeting, shareholders would be prohibited from attending.

"Given the current guidance and the general uncertainty on what additional or alternative measures may be put in place, the board requests that shareholders do not attend the annual general meeting in person, but instead appoint a proxy and provide voting instructions in advance of the AGM, in accordance with the instructions explained in the notice of AGM," the board said in its statement.

"If the board believes that it becomes necessary or appropriate to make alternative arrangements for the holding of the AGM due to Covid-19, we will ensure that shareholders are given as much notice as possible.

"Further information will be made available through an announcement to the London Stock Exchange and through an upload to the company's website."

At 1358 BST, shares in Apax Global Alpha were up 3.31% at 117.77p.