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Apax Global Alpha Ld (APAX)

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Friday 27 November, 2020

Apax Global Alpha Ld

Director/PDMR Shareholding

RNS Number : 7822G
Apax Global Alpha Limited
27 November 2020
 

 

(LSE: APAX)

Apax Global Alpha Limited

 

PDMR Dealing

 

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 25 November 2020 that, Mr Mitch Truwit a PDMR of the Company, as detailed in the form at the end of this announcement, transferred 4,627,098 of Ordinary Shares in the Company to a person closely associated, Mrs Jody Truwit.

 

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.

 

The Company is not party to this transaction.

 

 

Contact details

 

Investor relations

Lorraine Rees / Katarina Sallefors

IR Manager - AGA

Telephone: +44 (0)207 872 6381

Email: [email protected] / [email protected]

Company secretary

Lewis Germain/ Christopher Copperwaite

Company Secretary

Telephone: +44 (0) 1481 749 700

Email: [email protected]

 

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 equities and debt 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 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

 

 

MITCH TRUWIT 

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

 

 

SALE

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

Nil

4,627,098

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

AS IN 4 C) ABOVE

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

25 NOVEMBER 2020

f)

 

Place of the transaction

 

 

LONDON STOCK EXCHANGE

 

 

 

 

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

JODY TRUWIT 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA  OF 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)

 

 

Price(s)

 

Volume(s)

Nil

4,627,098

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

AS IN 4 C) ABOVE

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

25 NOVEMBER 2020

f)

 

Place of the transaction

 

 

LONDON STOCK EXCHANGE

 

 

 

 

 

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