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, 1 May 2024
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 3,491 ordinary shares of no par value in the Company
(“Ordinary Shares”) at an average price of €4.90 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 1,074
additional Ordinary Shares in the Company. Following the settlement
of this transaction, Ms Kershaw will have an interest in 11,798
Ordinary Shares, representing 0.03% of the issued shares of the
Company;
-
Stephen Le Page, Director and a PDMR for the purposes of MAR,
acquired 913 additional Ordinary Shares in the Company. Following
the settlement of this transaction, Mr Le Page will have an
interest in 49,834 Ordinary Shares, representing 0.14% of the
issued shares of the Company;
-
Yedau Ogoundele, Director and a PDMR for the purposes of MAR
acquired 752 additional Ordinary Shares in the Company. Following
the settlement of this transaction, Mrs Ogoundele will have an
interest in 6,134 Ordinary Shares, representing 0.02% of the issued
shares of the Company; and
- Joanne
Peacegood, Director and a PDMR for the purposes of MAR acquired 752
additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mrs Peacegood will have an interest in 2,621
Ordinary Shares, representing 0.01% 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:
- Details of the person discharging managerial
responsibilities / person closely associated
|
a) Dagmar KershawCHAIRMAN &
DIRECTOR |
b) Stephen Le PageDIRECTOR |
|
c) Yedau OgoundeleDIRECTOR |
d) Joanne PeacegoodDIRECTOR |
- Reason for the notification
|
a. Position/status |
Director |
b. Initial notification/Amendment |
Initial notification |
- Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
|
a. Name |
Volta Finance Limited |
b. LEI |
2138004N6QDNAZ2V3W80 |
- 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 |
GG00B1GHHH78 |
c. Nature of the transaction |
Purchase and allocation of Ordinary Shares relation to the
part-payment of Directors' fees for the quarter ended 30 April
2024 |
d. Price(s) |
€4.90 per share |
e. Volume(s) |
Total: 3,491 |
f. Date of transaction |
30 April 2024 |
g. Place of transaction |
On-market – London |
- Aggregate Purchase Information
|
a) Dagmar KershawChairman and Director |
b)Steve Le PageDirector |
|
c) Yedau Ogoundele Director |
d)Joanne PeacegoodDirector |
Aggr. Volume: 1,074 Price: €4.90per share |
Aggr. Volume:913 Price:€4.90 per share |
|
Aggr. Volume: 752 Price: €4.90 per share |
Aggr. Volume: 752 Price: €4.90 per share |
CONTACTS
For the Investment ManagerAXA
Investment Managers ParisFrançois
Touatifrancois.touati@axa-im.com+33 (0) 1 44 45 80 22
Olivier PonsOlivier.pons@axa-im.com+33 (0) 1 44
45 87 30
Company Secretary and
AdministratorBNP Paribas S.A, Guernsey
Branchguernsey.bp2s.volta.cosec@bnpparibas.com +44 (0) 1481
750 853
Corporate BrokerCavendish Securities plcAndrew
WorneDaniel 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
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 2,600 professionals and
€824 billion in assets under management as of the end of June
2023.
*****
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.
*****
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