Volta Finance Ld Volta Finance Limited - Change To Payment Of Directors Fees
05 Aprile 2019 - 11:52AM
UK Regulatory
TIDMVTA
Volta Finance Limited (VTA/VTAS)
Changes to Payment of Directors Fees
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR
INTO THE UNITED STATES
*****
Guernsey, 5 April 2019
The Directors of Volta Finance Limited (the "Company" or "Volta") each
receive 30 per cent of his or her Director's fee for any year in the
form of newly issued shares at a per share price equal to the most
recently available NAV.
Whilst the Company's shares continue to trade at a discount to the most
recently available NAV, the part-payment of Directors' fees in shares
will henceforth be satisfied through the purchase of shares in the
secondary market rather than the issue of new shares. This change will
take effect in relation to payments from 30 April 2019. Should the
shares trade at a premium to NAV in the future, the Directors may seek
to amend the policy.
The Directors will continue to be required to retain these shares for a
period of no less than one year.. There has been no change to the total
quantum of annual Directors fees for any Director.
For further information, please contact:
Company Secretary and Portfolio Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
https://www.globenewswire.com/Tracker?data=mCn0A5VrMqfROVp5QGeMaaWljFGOOe27HGFN_9TbUZdNms7VFykYQwNlCrFKqzGAjbX-lg82pirPggDmtGHepWzyIISFagHdOo5W3QAuFv3wdUO6RWA-toiguN6BCBDp6J2CHuiUio1CgQe1bdu0KQ==
guernsey.bp2s.volta.cosec@bnpparibas.com
+44 (0) 1481 750 853
Corporate Broker
Cenkos Securities plc
Sapna Shah
Andrew Worne
+44 (0) 20 7397 8900
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
https://www.globenewswire.com/Tracker?data=ZJicr-cmZ1TQo6lZ7d34jd5tD90wAWQO47lXR2eb_mNL2MyElH46LVIbh4hX0MkTPsCf5b5D7PexzYl-mhWG9v-rSbYNaFQ4lNeuMVZX9F8=
serge.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.
*****
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 EUR759 billion in assets under management as of the end of
June 2018 -- is there a more up to date figure. AXA IM employs
approximately 2,420 people around the world.
Attachment
-- 19.04.01 Dirs Rem Shares (Final)
https://ml-eu.globenewswire.com/Resource/Download/f30b1b3c-4b3f-45c4-b757-071ec8fa2b87
(END) Dow Jones Newswires
April 05, 2019 05:52 ET (09:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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