TIDMAPAX

RNS Number : 7017F

Apax Global Alpha Limited

24 May 2017

PLEASE BE ADVISED THAT THIS ANNOUNCEMENT MAY CONTAIN INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR")

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.

24 May 2017

(LSE: APAX)

Apax Global Alpha Limited

Release of second tranche of ordinary shares from lock-up

The Company notes that, further to the release of the initial tranche of ordinary shares from lock-up on 15 June 2016, a second tranche of ordinary shares will be released from lock-up on 15 June 2017.

The Company is currently in communication with these shareholders and its corporate broker with a view to help facilitate an orderly market in the Company's shares for those shareholders who may wish to sell shares following the release from lock-up of the second tranche of shares.

The release from lock-up of the second tranche of ordinary shares is expected to allow the Company to be considered for inclusion in the FTSE UK Index Series at the next review date in September 2017, subject to passing the relevant nationality and liquidity tests.

Contact details

 
 Investor and media enquiries         Company Secretary 
 Sarah Wojcik                         Jacques Colley 
 Telephone: +44 (0)20 7666 6573       Telephone: +44 (0) 1481 749 700 
 Email: sarah.wojcik@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"

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 EUR40 billion in aggregate as at 31 March 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 March 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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May 24, 2017 02:00 ET (06:00 GMT)

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