Volta Finance Ld Volta Finance Limited - Director/Pdmr Shareholding
28 Maggio 2019 - 5:30PM
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, 28 May 2019
Pursuant to the announcement made on 5 April relating to changes to the
payment of directors fees, Volta Finance Limited (the "Company" or
"Volta") has today purchased 4,780 ordinary shares of no par value in
the Company ("Ordinary Shares") at an average price of EUR6.98 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 1,144
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 33,794 Ordinary Shares, representing 0.09% of
the issued shares of the Company;
-- Paul Varotsis, Director and a PDMR for the purposes of MAR, acquired 896
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Mr Varotsis will have an interest in 194,702 Ordinary
Shares, representing 0.53% of the issued shares of the Company;
-- Steve Le Page, Director and a PDMR for the purposes of MAR, acquired
1,005 additional Ordinary Shares in the Company. Following the
settlement of this transaction, Mr Le Page will have an interest in
29,265 Ordinary Shares, representing 0.08% of the issued shares of the
Company;
-- Graham Harrison, Director and a PDMR for the purposes of MAR, acquired
896 additional Ordinary Shares in the Company. Following the settlement
of this transaction, Mr Harrison will have an interest in 13,896 Ordinary
Shares, representing 0.04% of the issued shares of the Company;
-- Atosa Moini, Director and a PDMR for the purposes of MAR, acquired 839
additional Ordinary Shares in the Company. Following the settlement of
this transaction, Ms Moini will have an interest in 6,052 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:
a) b) c) d) e)
1. Details of the person discharging managerial Paul Meader Paul Varotsis Steve Le Graham Harrison Atosa Moini
responsibilities / person closely associated Chairman Director Page Director Director
and Director Director
------------------------------------------------------ ---------------- -------------------- ---------------- -------------------- ------------
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 GB00B1GHHH7
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
30 April 2019
-------------------------------------------------- -------------------------------------- --------------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------------------- -------------------------------------- -------------------------------------- ----------------
EUR6.98 Total 4,780
-------------------------------------------------- -------------- ---------------- -------------------------------------- ----------------
(d) a) Paul b) c) Steve Le d) e)
Aggregate Meader Paul Varotsis Page Director Graham Harrison Atosa Moini
information Chairman and Director 1,005 EUR6.98 Director Director
Director 896 896 839
-- Aggregated volume 1,144 EUR6.98 EUR6.98 EUR6.98
EUR6.98
-- Price
---------------------------------------------------- ---------------- -------------------- ---------------- -------------------- --------------
(e) Date of transaction 28 May 2019
-------------------------------------------------- -------------------------------------- --------------------------------------------------------
(f) Place of transaction On-market -- London
-------------------------------------------------- -------------------------------------- --------------------------------------------------------
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=gUkX-F9XpE5Gad1dX12aGKFBJNJOmyKPz5g2amBZEdB32KRKFiWLPbqvDo_Cd8R5jTQO58EdDbl1tScNhcbEPR8tLUScfOPw3xwZU3kIoktWzLbmanpU_be0iy4pNdFrMBmGuSt8_EQMVIjXEdTaPg==
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=XPJ4zZY3U7M4yLn24B-giNKDeXHLRkEzvRhVDkrDEBRWaNIbw8DJyJ4s8PJLUHClNqh0G98ALWlhwp6iGgrMs_ZSbMv2UJMnu8giN2HLFts=
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 739 investment professionals and EUR750 billion in assets
under management as of the end of March 2019.
*****
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.
*****
Attachment
-- Draft Press Release - Dirs Rem Shares (April 2019) v3 clean
https://ml-eu.globenewswire.com/Resource/Download/64429556-ad97-40f0-b317-99b5089ff8d4
(END) Dow Jones Newswires
May 28, 2019 11:30 ET (15:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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