TIDMAPAX
RNS Number : 7722M
Apax Global Alpha Limited
01 May 2018
(LSE: APAX)
Apax Global Alpha Limited
Results of Third Annual General Meeting
The Directors of the Company are pleased to announce the results
of voting at the third annual general meeting of the Company held
at 10:15 AM (UK Time) on Tuesday 1 May 2018 at the offices of Aztec
Group, East Wing, Trafalgar Court, Les Banques, St Peter Port,
Guernsey, GY1 3PP (the "AGM").
Each of the Ordinary Resolutions and Special Resolutions
proposed at items 5.1 to 6.2 of the notice and agenda of the AGM
were duly passed.
The Extraordinary Resolution proposed at the AGM in regard to
the discontinuation of the Company pursuant to its articles was not
passed.
Voting was conducted by a show of hands and inclusive of votes
received by the Company by way of proxy, either by post, web voting
or via CREST, by no later than 10:15am (UK Time) on Friday 27 April
2018.
The Board intend to investigate further votes cast against any
resolution where the total votes cast against a resolution are in
excess of 5% of votes cast at the AGM with shareholders who voted
against the resolution and will consider feedback from shareholders
accordingly.
Total votes of 276,803,473 were cast at the AGM(1) . The results
of the voting(2) are noted as follows:
Ordinary Resolutions(3)
Resolution Votes For Votes Against Votes Withheld(4)
To adopt the annual report and audited financial statements of the
Company for the year ended
31 December 2017, including the reports of the Directors and the
Auditor. 88.29% 11.70% 0.01%
To re-appoint KPMG Channel Islands Limited of Glategny Court,
Glategny Esplanade, St Peter
Port, Guernsey, GY1 1WR as the external auditor of the Company (the
"Auditor") to hold office
until conclusion of the next annual general meeting 98.21% 0.01% 1.78%
To authorise the Board to negotiate and fix the remuneration of the
Auditor in respect of
the financial year ended 31 December 2018. 99.98% 0.01% 0.01%
To re-elect Tim Breedon as an independent non-executive Director of
the Company. 99.13% 0.86% 0.01%
To re-elect Chris Ambler as an independent non-executive Director of
the Company. 99.96% 0.03% 0.01%
To re-elect Sally-Ann (Susie) Farnon as an independent non-executive
Director of the Company. 98.36% 1.63% 0.01%
To approve the Company's dividend policy as set out on page 12 of the
Prospectus dated 22
May 2015. 99.98% 0.01% 0.01%
Special Resolutions(5)
Resolution Votes For Votes Against Votes Withheld(4)
To renew the authorisation of the Company to make market acquisitions
of its shares as set
out at special resolution 6.1 of the notice and agenda for the AGM. 99.97% 0.02% 0.01%
To authorise the Directors to issue up to a maximum number of
ordinary shares as set out at
special resolution 6.2 of the notice and agenda for the AGM. 99.97% 0.02% 0.01%
Extraordinary Resolutions(6)
Resolution Votes For Votes Against Votes Withheld(4)
That the Company be wound-up, liquidated, reconstructed or
unitised, and that, in accordance
with Article 49.3 of the Articles of Incorporation of the Company,
the Directors of the Company
put forward proposals to conduct an orderly winding up,
liquidation, reconstruction or unitisation
of the Company. 0.12% 99.87% 0.01%
A copy of this announcement will be available on the Company's
website at https://www.apaxglobalalpha.com/investors/news/rns/ and,
in accordance with Listing Rule 9.6.2, the full text of the special
resolutions passed at the AGM has been submitted to the National
Storage Mechanism and will be available at
http://www.morningstar.co.uk/uk/NSM
Notes:
1. The total voting rights of the Company as at 18 March 2018
were disclosed in the notice of the AGM published on 19 March 2018
and were unchanged at the time of convening the AGM, being
491,100,768.
2. Pursuant to sections 176(3) and 178(4) of the Companies
(Guernsey) Law, 2008, ordinary and special resolutions of the
members are passed on a show of hands if passed by members who vote
in person and by persons who vote as duly appointed proxies of
members entitled to vote. Accordingly, this means that resolutions
are passed by the requisite majority of votes cast at the AGM, not
as a majority of the total voting rights.
3. Ordinary resolutions are passed if more than half (50%) of
votes are cast in favour of the resolution.
4. A vote withheld is not a vote in law and is not counted in
the calculation of the proportion of votes "for" and "against" a
particular resolution.
5. Special resolutions are passed if more than 75% of votes are
cast in favour of the resolution.
6. Pursuant to the articles of the Company, an Extraordinary
resolution is passed if more than 66.33% of votes are cast in
favour of the resolution.
Contact details
Investor relations Media enquiries Company secretary
Sarah Wojcik Andrew Kenny Jacques Colley
IR Manager - AGA Head of Communications Client Relationship Manager
Telephone: +44 (0)20 7666 6573 Telephone: +44 (0)20 7872 6371 Telephone: +44 (0) 1481 749 700
Email: sarah.wojcik@apax.com Email: andrew.kenny@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".
2. Please be advised that this announcement may
contain inside information as stipulated under
the Market Abuse Regulations (EU) NO. 596/2014
("MAR").
3. This announcement is 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.
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.
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
and over its more than 35-year history, Apax Partners has raised
and advised funds with aggregate commitments of over EUR42 billion
as at 31 December 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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