Apax Global Alpha Limited has announced the acquisition of 3,623,909 Ordinary Shares in the secondary market to fulfill the 2023 performance fee payable to the Investment Manager. The shares were purchased at an average price of 154.6 pence per share. According to the Investment Management Agreement, the performance fee is payable to the Investment Manager in Ordinary Shares, and they may be transferred to certain individuals of the Apax Group. However, there are restrictions on the sale or transfer of these shares for a minimum period of 12 months, except under specific circumstances.
The announcement also includes contact details for Investor Relations and notes regarding the abbreviation of references, inside information, and legal requirements for distribution. Additionally, it highlights that the information presented is not an offer for sale within the United States and includes forward-looking statements. The company expressly disclaims any obligation or undertaking to release updates or revisions to the forward-looking statements.
Apax Global Alpha Limited is a Guernsey registered closed-ended investment Company.