The Apax Global Alpha Directors of the Company are to declare that a dividend will be payable, for the financial period ended 30 June 2021, in accordance with the following timetable:
|
Ex-Dividend Date: |
26 August 2021 |
|
Record Date: |
27 August 2021 |
|
Payment Date: |
17 September 2021 |
|
Total Dividend Payment: |
GBP 29,318,716 |
|
Dividend Per Share: |
GBP 5.97p |
|
FX Rate: |
EUR / GBP of 1.1812 as at 11 August 2021 |
Other financial highlights include:
●Strong performance across the portfolio in the first six months of 2021: AGA's Total NAV Return was 17.4% (14.9% constant currency).
●Total Adjusted NAV increased to c. €1.4bn with Adjusted NAV per share increasing from €2.45 (£2.19) to €2.81 (£2.41) in the six months to 30 June 2021.
●Focus on four target sectors and a "good-to-great" strategy of business improvement in Private Equity driving strong returns in the portfolio.
●The Apax Funds were able to identify attractive opportunities to invest, with AGA deploying €85m across eleven new Private Equity investments (seven in Apax X, two in the Apax Digital Fund, one in the AMI Opportunities Fund, and one joint investment by the AMI Opportunities Fund and the Apax Digital Fund).
●Record distributions of €131.1m received from full and significant partial Private Equity exits, deployed into 13 new Derived Debt positions to absorb liquidity in the fund into attractive yield investments.
●New commitment of $90m to the Apax Digital Fund II, the successor fund to the Apax Digital Fund which invests in minority equity and growth buyout opportunities in mid-market technology companies.
●Liquidity position is healthy with available cash after net liabilities of €29m, and undrawn evergreen revolving credit facility of €140m. Derived Investments of €439m3 provide a further source of funding for AGA.
