Today news
About the same in other media
Apax Global Alpha launches €30m share buyback as part of newly created distribution pool
Reading now: 100
In a stock exchange notice on Wednesday (27 June), the board said it had updated the trust's capital allocation policy to create a distribution pool, which earmarks balance sheet funds for share buybacks. APAX said 100% of the 'excess cash flow' will be allocated to the pool, defined as private equity distributions, and cash income from the debt portfolio, less capital calls paid, costs and expenses, repayment of the RCF, and dividends paid. This allocation will continue until the pool reaches 5% of the net asset value. To launch an immediate share buyback, the pool will be initiall...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Investment trust share buybacks on track to beat 2023 record as repurchases hit £3bn investmentweek.co.uk /5 months ago
Why Tiger Global’s ferocious roar has turned into a soft mewl livemint.com /5 months ago
Global banks are the biggest bulls in India’s bond market economictimes.indiatimes.com /5 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
