Apax Global Alpha Limited Retirement of Chris Ambler from the Board

RNS Number : 3134F

Apax Global Alpha Limited

01 March 2024

 

(LSE: APAX)

 

Apax Global Alpha Limited

 

Retirement of Chris Ambler from the Board

 

The Company confirms that with effect from 1 March 2024, Chris Ambler has retired from his position as Director of the Company as part of succession planning and board rotation. Chris was appointed to the Board on 28 April 2015 and has served as a Director of AGA for nearly nine years. Chris has been an important contributor to AGA, and the Board has greatly valued his input over the years. The Board would like to thank Chris for his contribution and wish him all the best in his future endeavours.

 

As announced by the Company on 2 October 2023, the Board is pleased to announce that Karl Sternberg has been formally appointed to the Board of AGA and as a member of the Audit Committee with effect from 1 March 2024. Karl (or any person that may be a connected party to Karl) has a beneficial interest in 19,000 shares of the Company at the date of this announcement.

 

Contact details

 

Katarina Sallerfors, Investor Relations - AGA

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".

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 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 investment policy of the Company is to make Private Equity investments in Apax Funds, and Debt Investments, derived from the insights gained via Apax's Private Equity activities.

 

 

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END

 

 

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