Apax Global Alpha Limited confirmed that with effect from 1 July 2024, Tim Breedon CBE will retire from his position as Chairman and Director of the Company as part of succession planning and board rotation. Tim who has been Chairman of AGA for nine years, since its Initial Public Offering in 2015, has been instrumental in overseeing the Company's growth during that period. As previously announced Karl Sternberg, who was formally appointed to the Board of AGA with effect from 1 March 2024, will succeed Tim as Chairman, effective 1 July 2024.

In taking over the role of Chairman, Karl will also step down as a member of the Audit Committee. Karl has significant investment trust experience, and he is currently Chairman of Clipstone Industrial REIT plc and Monks Investment Trust plc.