Apax Global Alpha Limited, a Guernsey registered closed-ended investment company listed on the London Stock Exchange, has announced that several Persons Discharging Managerial Responsibilities (PDMRs) received free transfers of Ordinary Shares in the company from Apax Guernsey (Holdco) PCC Limited. The PDMRs involved in the share transfers include Andrew Sillitoe, Mitch Truwit, Roy Mackenzie, and Salim Nathoo. The nature of this transaction is described in the company's prospectus.

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 makes Private Equity investments in Apax Funds and has a portfolio of primarily debt investments derived from insights gained via Apax's Private Equity activities.

Apax Partners LLP, the investment adviser, is a leading global private equity advisory firm with a focus on inspiring growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $77 billion, investing in companies across four global sectors. Apax is authorized and regulated by the Financial Conduct Authority in the UK.

The share transfers were made on May 15, 2024, and the Company is not a party to these arrangements, other than where required in respect of maintaining the lock-up arrangements, as appropriate. The detailed information about the share transfers and the individuals involved can be found in the forms at the end of the announcement on the company's website.