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4 Jun 2020 09:42
(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 and article 19(1) of the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
The Company was notified on 3 June 2020 that, the below noted individuals, each a PDMR 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 | 169,794 | 1 June 2020 |
Mitch Truwit | 165,463 | 1 June 2020 |
Roy Mackenzie | 111,655 | 1 June 2020 |
Salim Nathoo | 135,812 | 1 June 2020 |
Ralf Gruss | 144,292 | 2 June 2020 |
Mark Despres | 9,657 | 2 June 2020 |
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 2020, 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 2nd March 2021
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 Sarah Page IR Manager - AGA Telephone: +44 (0)20 7666 6573 Email: sarah.page@apax.com | Company secretary Lewis Germain/ Sarah Felmingham Company Secretary Telephone: +44 (0) 1481 749 700 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. | 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 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 debt and equities 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 is a leading global private equity advisory firm and over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of over €40 billion. Funds advised by Apax Partners invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long‐term equity financing to build and strengthen world‐class companies. For further information about Apax Partners, 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
Identification code
| ORDINARY SHARES
APAX
| ||||
b)
| Nature of the transaction
| PURCHASE | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| AS IN 4 C) ABOVE
0
| ||||
e)
| Date of the transaction
| 1 June 2020 | ||||
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
Identification code
| ORDINARY SHARES
APAX
| ||||
b)
| Nature of the transaction
| PURCHASE | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| AS IN 4 C) ABOVE
0
| ||||
e)
| Date of the transaction
| 1 June 2020 | ||||
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
Identification code
| ORDINARY SHARES
APAX
| ||||
b)
| Nature of the transaction
| PURCHASE | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| AS IN 4 C) ABOVE
0
| ||||
e)
| Date of the transaction
| 1 June 2020 | ||||
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
Identification code
| ORDINARY SHARES
APAX
| ||||
b)
| Nature of the transaction
| PURCHASE | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| AS IN 4 C) ABOVE
0
| ||||
e)
| Date of the transaction
| 1 June 2020 | ||||
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
Identification code
| ORDINARY SHARES
APAX
| ||||
b)
| Nature of the transaction
| PURCHASE | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| AS IN 4 C) ABOVE
0
| ||||
e)
| Date of the transaction
| 2 June 2020 | ||||
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
Identification code
| ORDINARY SHARES
APAX
| ||||
b)
| Nature of the transaction
| PURCHASE | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
| AS IN 4 C) ABOVE
0
| ||||
e)
| Date of the transaction
| 2 June 2020 | ||||
f)
| Place of the transaction
| LONDON STOCK EXCHANGE
| ||||
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