APAX Apax Global Alpha Limited

TIDMAPAX

RNS Number : 9719C

Apax Global Alpha Limited

14 February 2020

(LSE: APAX)

Apax Global Alpha Limited

Director Appointment

The Directors are pleased to announce that Ms Stephanie Coxon has accepted an invitation to join the Board as a non-executive Director and a member of its audit committee, with effect from 31 March 2020.

Ms Coxon is a Guernsey resident and has 15 years of experience of audit and advisory services with PwC in the asset management sector, specialising in listed investment funds in a multitude of asset classes.

Ms Coxon is a fellow of the Institute of Chartered Accountants of England and Wales.

Further information on Ms Coxon will shortly be made available on the Company's website. Ms Coxon will be leaving PwC CI on 20 March 2020 where she is currently Capital Markets Director.

Ms Coxon has no other listed company directorships. Ms Coxon (or any person that may be a connected party to Ms Coxon) has no beneficial interest in the shares of the Company at the date of this announcement.

There are no further details required to be disclosed pursuant to section 9.6.13 of the UKLA Listing Rules.

Contact details

 
 Investor relations                Media enquiries                   Company secretary 
  Sarah Page                        Andrew Kenny                      Lewis Germain/ Sarah Felmingham 
  IR Manager - AGA                  Head of Communications            Company Secretary 
  Telephone: +44 (0)20 7666 6573    Telephone: +44 (0)20 7872 6371    Telephone: +44 (0) 1481 749 700 
  Email: sarah.page@apax.com        Email: andrew.kenny@apax.com      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 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. 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 40-year history, Apax Partners has raised and advised funds with aggregate commitments of c.EUR40 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.

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 rns@lseg.com or visit www.rns.com.

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