REG - Apax Global Alpha Ld - PDMR Dealing – Share Transfers
Apax Global Alpha Limited
PDMR Dealing - Apax Guernsey Managers Limited Transfers
This notification is made in accordance with DTR 3.1 of the Disclosure Guidance and Transparency Rules.
The Company was notified on 16 May 2024 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 | Number of Shares | Date of Transfer |
Mark Despres | 8,736 | 15 May 2024 |
Simon Cresswell | 12,000 | 15 May 2024 |
Andrew Sillitoe | 304,827 | 15 May 2024 |
Mitch Truwit | 304,827 | 15 May 2024 |
Ralf Gruss | 144,956 | 15 May 2024 |
Roy Mackenzie | 216,423 | 15 May 2024 |
Salim Nathoo | 240,755 | 15 May 2024 |
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 5 March 2025.
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
Katarina Sallerfors
Investor Relations - AGA
T: +44 207 666 6526
E: Katarina.Sallerfors@apax.com
Company secretary
Magdala Mullegadoo / Chris Copperwaite
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", 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 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 Company makes Private Equity investments in Apax Funds, and has a portfolio of primarily debt investments, derived from the insights gained via Apax's 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 over 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 $77 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 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 | 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 | 15 May 2024 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | SIMON CRESSWELL | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - INVESMTMENT 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 | 15 May 2024 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE | ||||
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 | 15 May 2024 | ||||
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 | 15 May 2024 | ||||
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 | 15 May 2024 | ||||
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 | 15 May 2024 | ||||
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 | 15 May 2024 | ||||
f) | Place of the transaction | LONDON STOCK EXCHANGE | ||||
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