Volta Finance Ld Volta Finance Limited - Change To Payment Of Directors Fees

Data : 05/04/2019 @ 11:52
Fonte : UK Regulatory (RNS & others)
Titolo : Volta Finance Limited (VTA)
Quotazione : 6.55  -0.01 (-0.15%) @ 12:39
Quotazione Volta Finance Grafico

Volta Finance Ld Volta Finance Limited - Change To Payment Of Directors Fees

 
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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