TIDMVTA
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, 01 August 2022
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 today purchased
4,362 ordinary shares of no par value in the Company ("Ordinary
Shares") at an average price of EUR5.24 per share.
Each director receives 30% of their 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").
-- Dagmar Kershaw, Chairman and a PDMR for the purposes of MAR, acquired 925
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Ms Kershaw will have an interest in 3,451 Ordinary
Shares, representing 0.01% of the issued shares of the Company;
-- Steve Le Page, Director and a PDMR for the purposes of MAR, acquired
1,049 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Le Page will have an interest in 42,739 Ordinary
Shares, representing 0.12% of the issued shares of the Company;
-- Graham Harrison, Director and a PDMR for the purposes of MAR, acquired
863 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Harrison will have an interest in 25,687 Ordinary
Shares, representing 0.07% of the issued shares of the Company;
-- Yedau Ogoundele, Director and a PDMR for the purposes of MAR acquired 291
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Mrs Ogoundele will have an interest in 291 Ordinary
Shares, representing 0.001% of the issued shares of the Company; and
-- Paul Meader, a former director, acquired 1,234 additional Ordinary Shares
in the Company for his fees for the period from 1 May 2022 to his
retirement on 31 July 2022.
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)
Dagmar Kershaw c) d) e)
Chairman and b) Steve Le Graham Harrison Yedau Ogoundele Paul Meader
Director Page Director Director Director Former Director
----------------------------- --------------- ---------------- ---------------- ----------------
1. Reason for the notification
----------------------------------------------------------------------------------------------------
a. Position/status Director
------------------------------ --------------------------------------------------------------------
b. Initial
notification/Amendment Initial notification
------------------------------ --------------------------------------------------------------------
1. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------------------------------------------
a. Name Volta Finance Limited
------------------------------ --------------------------------------------------------------------
b. LEI 2138004N6QDNAZ2V3W80
------------------------------ --------------------------------------------------------------------
1. 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
instrument Ordinary Shares
------------------------------ --------------------------------------------------------------------
b. Identification code GB00B1GHHH78
------------------------------ --------------------------------------------------------------------
Purchase and allocation of Ordinary Shares
relation to the part-payment of Directors'
c. Nature of the transaction fees for the quarter ended 31 July 2022
------------------------------ --------------------------------------------------------------------
d. Price(s) EUR5.24
------------------------------ --------------------------------------------------------------------
e. Volume(s) Total: 4,362
------------------------------ --------------------------------------------------------------------
f. Date of transaction 1 August 2022
------------------------------ --------------------------------------------------------------------
g. Place of transaction On-market -- London
------------------------------ --------------------------------------------------------------------
1. Aggregate Purchase Information
----------------------------------------------------------------------------------------------------
a) b) Steve Le c) d) e)
Dagmar Kershaw Page Director Graham Harrison Yedau Ogoundele Paul Meader
Chairman and Director Director Former Director
Director
----------------------------- --------------- ---------------- ---------------- ----------------
Aggr. Volume: Aggr. Volume: Aggr. Volume: Aggr. Volume: Aggr. Volume:
925 1,049 863 291 1,234
Price: Price: Price: Price: Price:
EUR5.24 EUR5.24 EUR5.24 EUR5.24 EUR5.24
----------------------------- --------------- ---------------- ---------------- ----------------
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay@axa-im.com
https://www.globenewswire.com/Tracker?data=lNCFEwNNlOQx2IEI_PrNQuYkdjJPtjRMiFDxtHeBoOMLGlWQUen-4WWDa9fYUQUI7Rtyzux4hYFVyV92_4rS9UvPqU5y-m2LnPd9cXUYR3U=
+33 (0) 1 44 45 84 47
Company Secretary and Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com
https://www.globenewswire.com/Tracker?data=hDZsWYGyqRpjvjSA4cjO3TQY_yJWFlzkxEwHskIHQIXj7bLvQOHMicFjSCIFovYI6TfCGRnZLfvKePokUcmZUatlkBpwzJH-vJyWRSl0XSkqzGveexUpe9P8cvYI079s2k70pZ-mIzd6st0VRy6Fg8JUZl-X4_sPpvdPYs5Uu1uOTTAcCq1LI7l2fe8x8zo2cygTiV8N-S92i2xGsDkUH6sX9DRkj5C75CyIMkw8V4oRRNI-LnA-ladEbN_SWJTvyY5rMxUh8WhW0kvJogkR38D7bgvQvemmu8KX19CUBvvY8MdEfRNTBvRnSmSsCfqdT_CBLKnqIS2ZruvVYtpMouwdTg8nTlwDkgiWyY9nHN00n16XW1TwqS0Vi2miwTXo
+44 (0) 1481 750 853
Corporate Broker
Cenkos Securities plc
Andrew Worne
Daniel Balabanoff
+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 MANAGERS
AXA 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 2,460 professionals and
EUR887 billion in assets under management as of the end of December
2021.
*****
This press release is published by AXA Investment Managers Paris
("AXA IM"), in its capacity as alternative investment fund manager
(within the meaning of Directive 2011/61/EU, the "AIFM Directive")
of Volta Finance Limited (the "Volta Finance") whose portfolio is
managed by AXA IM.
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. Volta Finance 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.
*****
This press release contains statements that are, or may deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "anticipated",
"expects", "intends", "is/are expected", "may", "will" or "should".
They include the statements regarding the level of the dividend,
the current market context and its impact on the long-term return
of Volta Finance's investments. By their nature, forward-looking
statements involve risks and uncertainties and readers are
cautioned that any such forward-looking statements are not
guarantees of future performance. Volta Finance's actual results,
portfolio composition and performance may differ materially from
the impression created by the forward-looking statements. AXA IM
does not undertake any obligation to publicly update or revise
forward-looking statements.
Any target information is based on certain assumptions as to
future events which may not prove to be realised. Due to the
uncertainty surrounding these future events, the targets are not
intended to be and should not be regarded as profits or earnings or
any other type of forecasts. There can be no assurance that any of
these targets will be achieved. In addition, no assurance can be
given that the investment objective will be achieved.
The figures provided that relate to past months or years and
past performance cannot be relied on as a guide to future
performance or construed as a reliable indicator as to future
performance. Throughout this review, the citation of specific
trades or strategies is intended to illustrate some of the
investment methodologies and philosophies of Volta Finance, as
implemented by AXA IM. The historical success or AXA IM's belief in
the future success, of any of these trades or strategies is not
indicative of, and has no bearing on, future results.
The valuation of financial assets can vary significantly from
the prices that the AXA IM could obtain if it sought to liquidate
the positions on behalf of the Volta Finance due to market
conditions and general economic environment. Such valuations do not
constitute a fairness or similar opinion and should not be regarded
as such.
Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated
under the laws of France, having its registered office located at
Tour Majunga, 6, Place de la Pyramide - 92800 Puteaux. AXA IMP is
authorized by the Autorité des Marchés Financiers under
registration number GP92008 as an alternative investment fund
manager within the meaning of the AIFM Directive.
*****
(END) Dow Jones Newswires
August 01, 2022 12:15 ET (16:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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