Volta Fin Regulatory News (VTA)

4 Nov 2019 10:15

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, 4 November 2019

Pursuant to the announcement made on 5 April 2019 relating to changes to the payment of directors fees, Volta Finance Limited (the “Company” or “Volta”) has today purchased 4,891 ordinary shares of no par value in the Company (“Ordinary Shares”) at an average price of €6.64 per share.

Each director receives 30% of his or her 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 1,170 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 36,103 Ordinary Shares, representing 0.10% of the issued shares of the Company; Paul Varotsis, Director and a PDMR for the purposes of MAR, acquired 917 additional Ordinary Shares in the Company. Following the settlement of this transaction, Mr Varotsis will have an interest in 196,511 Ordinary Shares, representing 0.54% of the issued shares of the Company; Steve Le Page, Director and a PDMR for the purposes of MAR, acquired 1,029 additional Ordinary Shares in the Company. Following the settlement of this transaction, Mr Le Page will have an interest in 31,296 Ordinary Shares, representing 0.09% of the issued shares of the Company; Graham Harrison, Director and a PDMR for the purposes of MAR, acquired 917 additional Ordinary Shares in the Company. Following the settlement of this transaction, Mr Harrison will have an interest in 15,705 Ordinary Shares, representing 0.04% of the issued shares of the Company; Atosa Moini, Director and a PDMR for the purposes of MAR, acquired 858 additional Ordinary Shares in the Company. Following the settlement of this transaction, Ms Moini will have an interest in 7,745 Ordinary Shares, representing 0.02% 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) Paul MeaderChairman and Director

b)Paul VarotsisDirector

c)Steve Le PageDirector

d) Graham Harrison Director

e)Atosa MoiniDirector

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 instrument, type of instrumentIdentification code

Ordinary Shares GB00B1GHHH78

(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 2019

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

€6.64

Total 4,891

(d) Aggregate information Aggregated volume Price

a) Paul MeaderChairman and Director 1,170 €6.64

b)Paul VarotsisDirector 917 €6.64

c)Steve Le PageDirector 1,029 €6.64

d) Graham Harrison Director 917 €6.64

e)Atosa MoiniDirector 858 €6.64

(e)

Date of transaction

1 November 2019

(f)

Place of transaction

On-market – London

For further information, please contact:Company Secretary and Portfolio AdministratorBNP Paribas Securities Services S.C.A, Guernsey Branchguernsey.bp2s.volta.cosec@bnpparibas.com +44 (0) 1481 750 853

Corporate BrokerCenkos Securities plcRob Naylor Will Talkington Andrew Worne+44 (0) 20 7397 8900

For the Investment ManagerAXA Investment Managers ParisSerge Demayserge.demay@axa-im.com+33 (0) 1 44 45 84 47

***** 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.

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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 739 investment professionals and €750 billion in assets under management as of the end of March 2019. 

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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.

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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.

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