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, 1 August 2023
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 4,124
ordinary shares of no par value in the Company ("Ordinary Shares")
at an average price of EUR5.14 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
1,183 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Ms Kershaw will have an interest in 8,453 Ordinary
Shares, representing 0.02% of the issued shares of the Company;
-- Stephen Le Page, Director and a PDMR for the purposes of MAR, acquired
1,006 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Le Page will have an interest in 46,991 Ordinary
Shares, representing 0.13% of the issued shares of the Company;
-- Graham Harrison, Director and a PDMR for the purposes of MAR, acquired
828 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Harrison will have an interest in 29,188 Ordinary
Shares, representing 0.08% of the issued shares of the Company;
-- Yedau Ogoundele, Director and a PDMR for the purposes of MAR acquired 828
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Mrs Ogoundele will have an interest in 3,792 Ordinary
Shares, representing 0.01% of the issued shares of the Company; and
-- Joanne Peacegood, Director and a PDMR for the purposes of MAR acquired
279 Ordinary Shares in the Company. Following the settlement of this
transaction, Mrs Peacegood will have an interest in 279 Ordinary Shares,
representing 0.00% 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) Dagmar Kershaw b) Stephen Le c) Graham Harrison d) Yedau Ogoundele e) Joanne Peacegood
CHAIRMAN & DIRECTOR Page DIRECTOR DIRECTOR DIRECTOR
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 Ordinary Shares
instrument, type of instrument
----------------------------------- -------------------------------------------------------------------------------
b. Identification code GG00B1GHHH78
----------------------------------- -------------------------------------------------------------------------------
c. Nature of the transaction Purchase and allocation of Ordinary Shares relation
to the part-payment of Directors' fees for the
quarter ended 31 July 2023
----------------------------------- -------------------------------------------------------------------------------
d. Price(s) EUR5.14 per share
----------------------------------- -------------------------------------------------------------------------------
e. Volume(s) Total: 4,124
----------------------------------- -------------------------------------------------------------------------------
f. Date of transaction 1 August 2023
----------------------------------- -------------------------------------------------------------------------------
g. Place of transaction On-market -- London
----------------------------------- -------------------------------------------------------------------------------
5. Aggregate Purchase Information
--------------------------------------------------------------------------------------------------------------------
a) b) c) d) e)
Dagmar Kershaw Steve Le Page Graham Harrison Yedau Ogoundele Joanne Peacegood
Chairman and Director Director Director Director Director
--------------------------------- -------------------- ------------------ ------------------ -------------------
Aggr. Volume: Aggr. Volume: Aggr. Volume: Aggr. Volume: Aggr. Volume:
1,183 1,006 828 828 279
Price: Price: Price: Price: Price:
EUR5.14 per share EUR5.14 per share EUR5.14 per share EUR5.14 per share EUR5.14 per share
--------------------------------- -------------------- ------------------ ------------------ -------------------
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay@axa-im.com
https://www.globenewswire.com/Tracker?data=-oZUamjrjQQpLojh_SCY3lY-vtIwRudGAQj0A9DPuvefVh0MKnz0VBbis1tRFOC2dzDfgEP2f9T9D5ricp6_FOsap-923QFsi1mwgyQQxmo=
+33 (0) 1 44 45 84 47
Company Secretary and Administrator
BNP Paribas S.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com
https://www.globenewswire.com/Tracker?data=aIQUxjpX-i4fSQfqXIoJDsPbPFoLdYa_T4VyjHEYr5NZWzGlfVfqsZfRY9713Rz6-3RCWn-uxuTXGplC6P_IWzn631KFB85kxQgNkG0IookLdv-8jKh1n_e1YnH8sve5fGv3n2W-NftjSkoQg3nLRI-AyOieaS7iZ9vK828Qifl_8YI4sSUjRhCbhTC6nVOsiwN_-kbz3jDlPgLaNbw8nGFaBKMHtgrfLjbktwMNQcpnz729V_M30ftjmnuaZnRrSgtufyNdVIhUiGp9ZsfV4PqWBV__cEqSurqUo5co0JNJzFP8R2aLkdZIffj6qaHl50LjHhAMU6tThJcHypISS_fIGqnYkrcN3PH2Czn8y3koCmCC_GtYWfGawB8zirLX
+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 its capital across
the credit cycle and to provide a stable stream of income to its
Shareholders through dividends that it expects to distribute on a
quarterly basis. The Company currently seeks to achieve its
investment objectives by pursuing exposure predominantly to CLO's
and similar asset classes. A more diversified investment strategy
across structured finance assets may be pursued opportunistically.
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 2,623 professionals and
EUR817 billion in assets under management as of the end of
September 2022.
*****
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, 2023 07:13 ET (11:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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