Volta Finance Ld Volta Finance Limited - Director/Pdmr Shareholding
November 03 2020 - 1:00AM
UK Regulatory
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, 3 November 2020
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 4,071 ordinary
shares of no par value in the Company ("Ordinary Shares") at an average
price of EUR4.05 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 1,234
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 41,832 Ordinary Shares, representing 0.11% of
the issued shares of the Company;
-- Paul Varotsis, Director and a PDMR for the purposes of MAR, acquired 863
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Mr Varotsis will have an interest in 208,394 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
1,049 additional Ordinary Shares in the Company. Following the
settlement of this transaction, Mr Le Page will have an interest in
36,297 Ordinary Shares, representing 0.10% of the issued shares of the
Company;
-- Graham Harrison, Director and a PDMR for the purposes of MAR, acquired
925 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Harrison will have an interest in 20,150 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 a) b) Paul c) Steve Le d)
the person discharging Paul Meader Varotsis Page Director Graham Harrison
managerial responsibilities Chairman and Director Director
/ person closely Director
associated
--------------------------------- -------------------------------- ---------------- ---------------- ----------------
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 GB00B1GHHH78
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 October 2020
----------------------------- ------------------------------------ ----------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------- ------------------------------------ ------------------ --------------------------------
EUR4.05 Total 4,071
----------------------------- --------------- --------------- ------------------ --------------------------------
(d) a) Paul b) c) d)
Aggregate information Meader Paul Varotsis Steve Le Page Graham Harrison
Chairman and Director Director Director
-- Aggregated volume Director 863 1,049 925
1,234 EUR4.05 EUR4.05 EUR4.05
-- Price EUR4.05
------------------------------- ----------------- ----------------- -------------------------------- ----------------
(e) Date of transaction 2 November 2020
----------------------------- ------------------------------------ ----------------------------------------------------
(f) Place of transaction On-market -- London
----------------------------- ------------------------------------ ----------------------------------------------------
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
https://www.globenewswire.com/Tracker?data=QFVhhj5A3uLfzKWz34H2Ieu87EloepLEZBN651VKBTE2ZnyZvi57ZgbTAvz0g8gw6zgEtQ0a0H32QyeCqAfFp21P5LBai1S7srzVsFbVoj0=
serge.demay@axa-im.com
+33 (0) 1 44 45 84 47
Company Secretary and Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
https://www.globenewswire.com/Tracker?data=ttembWsQXXeaL8uhUqYFMWHbSFF2XTZLEQRKhijlnC1I7GGOhkkHRFgBIR7y1st0-o9k4J3Hy-EmcOnYRbvFpKEu8iZisFcrGT-Pu08473BJ1OSSyP1rvvUGGvzt0L2vvFqPgay3rqcFmEvvBNhEk0KlZSP27Gjk-U6hMHXUanEAF_Y6sK1MmPCIsLRzIJbfooQZxCYS5zc3xSu2wCdkgAKvL8NSNunDy_DSD0Ovs2BdnJIQQer9ZqIgiClM0tPkW7Rj1nt2ZegABrpDBM24Q9Hzw9J_oKrUAbfBQxQRq1Rbwx1IKUOWaJpwqK5lrL3MqCM6AnoJI2B56uHXTxgkvFlPeDZyEc3r4RExZW9ir5u8MrdYWozT-9dgntqGXWKu
guernsey.bp2s.volta.cosec@bnpparibas.com
+44 (0) 1481 750 853
Corporate Broker
Cenkos Securities plc
Andrew Worne
Daniel Balabanoff
Rob Naylor
+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 753 investment professionals and EUR801 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.
*****
(END) Dow Jones Newswires
November 03, 2020 02:00 ET (07:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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