14th Jun 2016 12:17
LONDON (Alliance News) - Apax Global Alpha Ltd, the London-listed vehicle offering access to investments made by private equity firm Apax Partners LLP, on Tuesday said it is in talks with some of its shareholders to help facilitate an orderly market for those than wish to sell shares on the partial expiry of the lock-up agreed at the time of the company's initial public offering.
In a statement, the company reiterated that the lock-up will partially expire on Wednesday this week.
"The company and its corporate broker are currently in communication with these shareholders with a view to help facilitate an orderly market in the company's shares for those of them who may wish to sell shares following the release from lock-up of the initial tranche of shares,"
Shares in Apax Global Alpha were down 0.4% at 118.00 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Apax Global Alpha