Volta Finance Limited : Update statement regarding AGM voting
12 March 2020 - 3:13AM
Volta Finance Limited : Update statement regarding AGM voting
11 March 2020
Volta Finance Limited (VTA /
VTAS)
Update Statement regarding AGM
voting
Information disclosed in accordance with
provision 1.D.4 of the 2018 UK Code of Corporate Governance and
principle 5.2.4 of the 2019 AIC Code of Corporate Governance.
Volta Finance Limited (the
“Company”) announced “Results of the Thirteenth Annual
General Meeting” on 6 December 2019 and noted the votes
against the resolutions to approve the re-election of the
directors, Graham Harrison, Stephen Le Page, Paul Meader, Atosa
Moini and Paul Varotsis, contained in resolutions 4 to 8
inclusively. The votes against each resolution equated to 37.05% of
the total voted by proxy.
The Company announced “Update Statement
regarding AGM voting,” on 17 January 2020 noting the Board, through
the Company’s corporate broker, has sought to engage with the
dissenting shareholders to understand their concerns.
Unfortunately, despite multiple efforts, the Board and its adviser
had been unsuccessful to date in gaining any response.
Therefore, the Board invited the dissenting shareholders to
engage.
The Directors are mindful of their
responsibilities under 1.D.4 of the 2018 UK Code of Corporate
Governance and principle 5.2.4 of the 2019 AIC Code of Corporate
Governance (the “Codes”). However, no dissenting shareholders
have engaged, either directly through the Chairman, or Senior
Independent Director, or through the corporate broker so it is not
possible for the Board to understand the reasons behind the votes
against at the AGM or to address shareholders’ concerns. Therefore,
the Board, to the extent that they are able, believe they have
discharged their obligations under the Codes.
For further information, please
contact:
Company Secretary and Portfolio Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com +44 (0) 1481 750 853
Corporate Broker Cenkos Securities plc Robert
Naylor Andrew Worne +44 (0) 20 7397 8900
For the Investment Manager AXA Investment
Managers Paris Serge Demay serge.demay@axa-im.com +33 (0) 1 44 45
84 47
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