Apax Global Alpha Limited has announced the retirement of Chris Ambler from his position as Director of the Company, effective March 1, 2024. This move is part of succession planning and board rotation. Chris Ambler had been serving as a Director of AGA for nearly nine years and has been an important contributor to the company. The Board expressed gratitude for his contributions and wished him well in his future endeavors.
In line with this, Karl Sternberg has been formally appointed to the Board of AGA and as a member of the Audit Committee, effective March 1, 2024. It was noted that Karl has a beneficial interest in 19,000 shares of the Company at the date of the announcement.
Apax Global Alpha Limited, a Guernsey registered closed-ended investment Company listed on the London Stock Exchange, is regulated by the Guernsey Financial Services Commission. The company's objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends, targeting an annualized Total Return, across economic cycles, of 12-15% (net of fees and expenses) including a dividend yield of 5% of Net Asset Value.