PDMR Dealing – Share Transfers

Apax Global Alpha Limited
16 May 2024
 

 

(LSE: APAX)

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

8,736

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

12,000

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

304,827

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

304,827

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

144,956

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

216,423

 

 

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)

 

 

 

Price(s)

 

Volume(s)

£0

240,755

 

 

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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