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, 2 August 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 today purchased
3,651 ordinary shares of no par value in the Company ("Ordinary
Shares") at an average price of EUR6.165 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 1,030
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 45,045 Ordinary Shares, representing 0.12% of
the issued shares of the Company;
-- Paul Varotsis, Director and a PDMR for the purposes of MAR, acquired 721
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Mr Varotsis will have an interest in 210,644 Ordinary
Shares, representing 0.58% of the issued shares of the Company;
-- Steve Le Page, Director and a PDMR for the purposes of MAR, acquired 876
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Mr Le Page will have an interest in 39,029 Ordinary
Shares, representing 0.11% of the issued shares of the Company;
-- Graham Harrison, Director and a PDMR for the purposes of MAR, acquired
773 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Harrison will have an interest in 22,560 Ordinary
Shares, representing 0.06% of the issued shares of the Company;
-- Dagmar Kershaw, Director and a PDMR for the purposes of MAR, acquired 251
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Ms Kershaw will have an interest in 251 Ordinary Shares,
representing 0.001% 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:
a) b) c) d) e)
1. Details of the person discharging managerial Paul Meader Paul Varotsis Steve Le Page Graham Dagmar Kershaw
responsibilities / person closely associated Chairman and Director Director Harrison 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 GB00B1GHHH78
of instrument
Identification code
-------------------------------------------------- ---------------------------------- ------------------------------------------------------------
(b) Nature of the transaction Purchase and allocation of Ordinary
Shares relation to the part-payment
of Directors' fees for the quarter
ended 31 July 2021
-------------------------------------------------- ---------------------------------- ------------------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------------- ---------------------------------- ------------------------------ ----------------------------
EUR6.165 Total 3,651
-------------------------------------------------- ------------------------------ ------------------------------ ----------------------------
(d)
Aggregate information a) 1,030 b) 721 c) 876 d) 773 e) 251
EUR6.165 for all
-- Aggregated volume
-- Price
---------------------------------------------------- ----------------------------------------------------------------------------------------------
e) Date of transaction 2 August 2021
-------------------------------------------------- ------------------------------ ----------------------------------------- ---------------------
(f) Place of transaction On-market -- London
-------------------------------------------------- ---------------------------------- ------------------------------------------------------------
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay@axa-im.com
https://www.globenewswire.com/Tracker?data=VZr2lI5jzNWqHDr_Yp9YRdkg-j8mCRcS87nyZtPWcEuWkxhcOxvl1DV1EG717yK44yn3r6kKzcCl8YxETypayPA_0BPAKksd9MXVF9cyJG8=
+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=TcylD4Hz4NpeLaou29Ifr-dFgXmYWC-e0U-F19l4dyAbxTxemkRMuH71CDqCf03SQ1Hp-b-sVJgS8rF6Ds4Reh-vlOynUP_ZAiordISD2y9xJGAklla_wzd4qXJML4EtDaJCuYilCd2lf4pOBAuN2eoW46eaKMZERhZob7n1mFgKTw_uq3PM63FbMV5o_GOL92IRDp4sMiEeCZYIyMC808yWrKINkeT5Xd2xUxAudUeB3LJJtjWxkMS-qZUd2_K4N80I7-XgN9xFxfRMKpOlaM8q1GURZDIdji_M6gaAEplwp0iDv39vsIQTQwgClCdPW5K9f7BUPoDqMGlyimCm7EZjOFTHSPGHj43xNdTYJq1KsHfi3CusgJuKgGs4u-G0
+44 (0) 1481 750 853
Corporate Broker
Cenkos Securities plc
Andrew Worne
Daniel 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 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 679 investment
professionals and EUR858 billion in assets under management as of
the end of December 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.
*****
(END) Dow Jones Newswires
August 02, 2021 09:27 ET (13:27 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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