Volta Finance Limited : Director/PDMR Shareholding
02 February 2021 - 7:44PM
Volta Finance Limited : Director/PDMR Shareholding
Volta Finance
Limited (VTA/VTAS)
Notification of transactions by
directors, persons discharging managerial
responsibilities and persons closely associated with
them
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES
***** Guernsey, 2 February 2021
Pursuant to the announcements made on 5 April
2019 and 26 June 2020 relating to changes to the payment of
directors fees, Volta Finance Limited (the “Company” or “Volta”)
has purchased 3,710 ordinary shares of no par value in the Company
(“Ordinary Shares”) at an average price of €5.88 per share.
Each director receives 30% of his Director’s
fees for any year in the form of shares, which they are required to
retain for a period of no less than one year from their respective
date of issue.
The shares will be issued to the Directors, who
for the purposes of Regulation (EU) No 596/2014 on Market Abuse
("MAR") are "persons discharging managerial
responsibilities" (a "PDMR")
- Paul Meader, Chairman and a PDMR for the purposes of MAR,
acquired 1,124 additional Ordinary Shares in the Company.
Following the settlement of this transaction, Mr Meader &
persons closely associated with Mr Meader will have an interest in
42,956 Ordinary Shares, representing 0.12% of the issued shares of
the Company;
- Paul Varotsis, Director and a PDMR for the purposes of MAR,
acquired 787 additional Ordinary Shares in the Company.
Following the settlement of this transaction, Mr Varotsis will have
an interest in 209,181 Ordinary Shares, representing 0.57% of
the issued shares of the Company;
- Steve Le Page, Director and a PDMR for the purposes of MAR,
acquired 956 additional Ordinary Shares in the Company.
Following the settlement of this transaction, Mr Le Page will have
an interest in 37,253 Ordinary Shares, representing 0.10% of the
issued shares of the Company;
- Graham Harrison, Director and a PDMR for the purposes of MAR,
acquired 843 additional Ordinary Shares in the Company.
Following the settlement of this transaction, Mr Harrison will have
an interest in 20,993 Ordinary Shares, representing 0.06% of the
issued shares of the Company;
The notifications below, made in accordance with
the requirements of MAR, provide further detail in relation to the
above transactions:
1. Details of the person
discharging managerial responsibilities / person closely
associated |
a) Paul MeaderChairman and Director |
b)Paul VarotsisDirector |
c)Steve Le PageDirector |
d) Graham Harrison Director |
2 |
Reason for the notification |
(a) |
Position/status |
Director |
(b) |
Initial notification/Amendment |
Initial notification |
3 |
Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor |
(a) |
Name |
Volta Finance Limited |
(b) |
LEI |
2138004N6QDNAZ2V3W80 |
4 |
Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted |
(a) |
Description of financial instrument, type of
instrumentIdentification code |
Ordinary Shares GB00B1GHHH78 |
(b) |
Nature of the transaction |
Purchase and allocation of Ordinary Shares relation to the
part-payment of Directors' fees for the quarter ended 31 January
2021 |
(c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
€5.88 |
Total 3,710 |
(d) Aggregate information
|
a) Paul MeaderChairman and Director 1,124
€5.88 |
b)Paul VarotsisDirector 787
€5.88 |
c)Steve Le PageDirector 956 €5.88 |
d) Graham Harrison Director 843
€5.88 |
(e) |
Date of transaction |
1 February 2021 |
(f) |
Place of transaction |
On-market – London |
CONTACTS
For the Investment ManagerAXA
Investment Managers ParisSerge Demayserge.demay@axa-im.com+33 (0) 1
44 45 84 47
Company Secretary and
AdministratorBNP Paribas Securities Services S.C.A,
Guernsey Branch guernsey.bp2s.volta.cosec@bnpparibas.com +44
(0) 1481 750 853
Corporate Broker Cenkos Securities plc Andrew
WorneDaniel Balabanoff Will Talkington+44 (0) 20 7397 8900
***** ABOUT VOLTA FINANCE
LIMITED
Volta Finance Limited is incorporated in
Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and
listed on Euronext Amsterdam and the London Stock Exchange's Main
Market for listed securities. Volta’s home member state for the
purposes of the EU Transparency Directive is the Netherlands. As
such, Volta is subject to regulation and supervision by the AFM,
being the regulator for financial markets in the Netherlands.
Volta’s investment objectives are to preserve
capital across the credit cycle and to provide a stable stream of
income to its shareholders through dividends. Volta seeks to attain
its investment objectives predominantly through diversified
investments in structured finance assets. The assets that the
Company may invest in either directly or indirectly include, but
are not limited to: corporate credits; sovereign and
quasi-sovereign debt; residential mortgage loans; and, automobile
loans. The Company’s approach to investment is through vehicles and
arrangements that essentially provide leveraged exposure to
portfolios of such underlying assets. The Company has appointed AXA
Investment Managers Paris an investment management company with a
division specialised in structured credit, for the investment
management of all its assets.
*****
ABOUT AXA INVESTMENT
MANAGERSAXA Investment Managers (AXA IM) is a multi-expert
asset management company within the AXA Group, a global leader in
financial protection and wealth management. AXA IM is one of the
largest European-based asset managers with 753 investment
professionals and €801 billion in assets under management as of the
end of April 2020.
*****
This press release is for information
only and does not constitute an invitation or inducement to acquire
shares in Volta Finance. Its circulation may be prohibited in
certain jurisdictions and no recipient may circulate copies of this
document in breach of such limitations or restrictions. This
document is not an offer for sale of the securities referred to
herein in the United States or to persons who are "U.S. persons"
for purposes of Regulation S under the U.S. Securities Act of 1933,
as amended (the "Securities Act"), or otherwise in circumstances
where such offer would be restricted by applicable law. Such
securities may not be sold in the United States absent registration
or an exemption from registration from the Securities Act. The
company does not intend to register any portion of the offer of
such securities in the United States or to conduct a public
offering of such securities in the United States.
*****
This communication is only being
distributed to and is only directed at (i) persons who are outside
the United Kingdom or (ii) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (iii) high net
worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as "relevant
persons"). The securities referred to herein are only available to,
and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should
not act or rely on this document or any of its contents. Past
performance cannot be relied on as a guide to future
performance.*****
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