Apax Global Alpha Limited PDMR Dealing - Share Transfers (5338I)

TIDMAPAX

RNS Number : 5338I

Apax Global Alpha Limited

27 November 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 26 November 2018 that, on that date, the below noted individuals (or persons or entities closely associated to them), each a PDMR of the Company, as detailed in the forms 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    600,367 
               -------- 
 Ralf Gruss     210,000 
               -------- 
 

The price per share was determined by reference to the market closing price on 23 November 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 relations                Media enquiries                   Company secretary 
  Sarah Wojcik                      Andrew Kenny                      Jacques Colley 
  IR Manager - AGA                  Head of Communications            Client Relationship Manager 
  Telephone: [phone]    Telephone: [phone]    Telephone: [phone] 
  Email: [e-mail]      Email: [e-mail]      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.   Please be advised that this announcement may contain inside 
       information as stipulated under the Market Abuse Regulations 
       (EU) NO. 596/2014 ("MAR"). 
 
 3.   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. 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 and over its more than 35-year history, Apax Partners has raised and advised funds with aggregate commitments of over EUR43 billion as at 30 September 2018. 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                                                               Nico Hansen 
     -----------------------------------------------------------------  ---------------------------- 
 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        ORDINARY SHARES 
 
       Identification code 
                                                                          APAX 
     -----------------------------------------------------------------  ---------------------------- 
 b)   Nature of the transaction                                          PURCHASE 
     -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                               Price(s)    Volume(s) 
                                                                            GBP1.308    600,367 
                                                                                       ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)   Aggregated information                                             AS IN 4 C) ABOVE 
 
       - Aggregated volume 
 
 
       - Price 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            26 November 2018 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           LONDON STOCK EXCHANGE 
     -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                          Hokkyoku Beteiligungs GmbH & Co. KG 
                                                                     (related entity to Ralf Gruss) 
     ------------------------------------------------------------  ------------------------------------ 
 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   ORDINARY SHARES 
 
       Identification code 
                                                                     APAX 

     ------------------------------------------------------------  ------------------------------------ 
 b)   Nature of the transaction                                     PURCHASE 
     ------------------------------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                                          Price(s)    Volume(s) 
                                                                       GBP1.308    210,000 
                                                                                  ---------- 
     ------------------------------------------------------------  ------------------------------------ 
 d)   Aggregated information                                        AS IN 4 C) ABOVE 
 
       - Aggregated volume 
 
 
       - Price 
     ------------------------------------------------------------  ------------------------------------ 
 e)   Date of the transaction                                       26 November 2018 
     ------------------------------------------------------------  ------------------------------------ 
 f)   Place of the transaction                                      LONDON STOCK EXCHANGE 
     ------------------------------------------------------------  ------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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November 27, 2018 05:00 ET (10:00 GMT)