Last checked at 
17 Mar 2017 10:00
Please be advised that this announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR")
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.
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"
FOR IMMEDIATE RELEASE
17 March 2017
(LSE: APAX)
Apax Global Alpha Limited
PDMR Dealing - Share 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 16 March 2017 that, on that date, the below noted individuals (or persons or entities closely associated to them), each a PDMR of the Company, as detailed in the forms at the end of this announcement, completed a transaction to purchase an amount of Ordinary Shares in the Company from certain existing locked-up shareholders as follows:
PDMR | Shares |
Nico Hansen | 1,503,179 |
Ralf Gruss | 100,000 |
The price per share was determined by reference to the market closing price on 14 March 2017 discounted at 1.5%,
The Company is not a party to these arrangements, other than where required in respect of maintaining the lock-up arrangements, as appropriate.
There has been no change to the total number of shares in lock-up for a 10 year period following the date of Admission as a result of this transaction.
Contact details
Investor Relations | |
Sarah Wojcik | |
Telephone: | +44 (0)20 7872 6300 |
Email: | investor.relations@apaxglobalalpha.com |
|
|
Media enquiries (Apax Partners LLP) | |
Alex Wessendorff | |
Telephone: | +44 (0)20 7872 6461 |
Email: | alex.wessendorff@apax.com |
|
|
Company Secretary | |
Matt Horton/Jacques Colley, Aztec Group | |
Telephone: | +44 (0)1481 749 700 |
Email: | AGA-Admin@aztecgroup.co.uk |
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 (NAV), once fully invested.
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. The Company's portfolio is expected to be allocated in approximately equal proportions between Private Equity and Derived Investments, although the investment mix will fluctuate over time due to market conditions, investment opportunities, cashflow requirements, the dividend policy and other factors.
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 is a leading global private equity advisory firm. Over its more than 30-year history, Apax Partners has raised and advised funds with aggregate commitments in excess of €40 billion*. Funds advised by Apax Partners invest in companies across four global sectors of Tech and Telco, Services, Health Care 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 LLP is authorised and regulated by the FCA in the UK and is subject to the FCA's rules and guidance. Apax Partners' registered office is 33 Jermyn Street, London, SW1Y 6DN, UK.
*Funds raised since 1981.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Nico Hansen
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - INVESTMENT ADVISER | ||||
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
| ||||
e)
| Date of the transaction
| 16 MARCH 2017 | ||||
f)
| Place of the transaction
| LONDON STOCK EXCHANGE
| ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Sabine Sauer (connected person to Nico Hansen) | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - INVESTMENT ADVISER | ||||
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
| ||||
e)
| Date of the transaction
| 16 MARCH 2017 | ||||
f)
| Place of the transaction
| LONDON STOCK EXCHANGE
| ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| HSF GmbH & Co KG (related entity to Nico Hansen) | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR - INVESTMENT ADVISER | ||||
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
| ||||
e)
| Date of the transaction
| 16 MARCH 2017 | ||||
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 ADVISER | ||||
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
| ||||
e)
| Date of the transaction
| 16 MARCH 2017 | ||||
f)
| Place of the transaction
| LONDON STOCK EXCHANGE
| ||||