Apax Global Alpha Limited, a Guernsey registered closed-ended investment company listed on the London Stock Exchange, announced that Mr. Karl Sternberg, a director of the company, has acquired 6,800 Ordinary Shares at a price of £1.4574 per share. Following the purchase, Mr. Sternberg now owns 25,800 Ordinary Shares, representing less than 1% of the Company's total issued share capital.
Apax Global Alpha Limited's objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends, targeting an annualized Total Return of 12-15% (net of fees and expenses) including a dividend yield of 5% of Net Asset Value. The company primarily makes Private Equity investments in Apax Funds and has a portfolio of Debt Investments derived from insights gained via Apax's Private Equity activities.
Apax Partners LLP, the Investment Adviser of Apax Global Alpha Limited, is a leading global private equity advisory firm with over 50 years of experience. The firm has raised and advised funds with aggregate commitments of more than $65 billion and invests in companies across four global sectors of Tech, Services, Healthcare, and Internet/Consumer.
The transaction made by Mr. Sternberg was notified in accordance with DTR 3.1 of the Disclosure Guidance and Transparency Rules. The company's website provides further information about the Company and its publications.
The announcement also contains contact details for investor relations and the company secretary for further inquiries. The company is regulated by the Guernsey Financial Services Commission and is authorized and regulated by the Financial Conduct Authority in the UK.
The notification may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 ("MAR"). For further information about Apax, please visit www.apax.com.