Director/PDMR Shareholding

RNS Number : 5185D

Apax Global Alpha Limited

31 January 2018

 

(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 31 January 2018 that, on that date, the below noted individual, a PDMR of the Company, as detailed in the form 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	114,000

The price per share was determined by reference to the market closing price on 30 January 2018 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 and media enquiries Sarah Wojcik Telephone: [phone] Email: [e-mail]

Company Secretary Jacques Colley Telephone: [phone] Email: [e-mail]

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 (NAV).

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, cash flow 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 is a leading global private equity advisory firm. It operates globally and has more than 30 years of investing experience. Apax Partners has advised funds that total over €42 billion in aggregate as at 31 December 2017*. 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.

* Funds raised since 1981, commitments converted from fund currency to EUR at FX rates as at December 2017

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)	Price(s) Volume(s) £1.3987 114,000
d)	Aggregated information - Aggregated volume - Price	AS IN 4 C) ABOVE
e)	Date of the transaction	31 January 2018
f)	Place of the transaction	LONDON STOCK EXCHANGE

 

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