Volta Finance Limited: Director/PDMR Shareholding
August 02 2021 - 9:27AM
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, 2 August 2021
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 3,651 ordinary shares of no par value in the
Company (“Ordinary Shares”) at an average price of €6.165 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 1,030 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 45,045 Ordinary Shares, representing 0.12% of the
issued shares of the Company;
- Paul Varotsis, Director and a PDMR
for the purposes of MAR, acquired 721 additional Ordinary Shares in
the Company. Following the settlement of this transaction, Mr
Varotsis will have an interest in 210,644 Ordinary Shares,
representing 0.58% of the issued shares of the Company;
- Steve Le Page, Director and a PDMR
for the purposes of MAR, acquired 876 additional Ordinary Shares in
the Company. Following the settlement of this transaction, Mr Le
Page will have an interest in 39,029 Ordinary Shares, representing
0.11% of the issued shares of the Company;
- Graham Harrison, Director and a
PDMR for the purposes of MAR, acquired 773 additional Ordinary
Shares in the Company. Following the settlement of this
transaction, Mr Harrison will have an interest in 22,560 Ordinary
Shares, representing 0.06% of the issued shares of the
Company;
- Dagmar Kershaw, Director and a PDMR
for the purposes of MAR, acquired 251 additional Ordinary Shares in
the Company. Following the settlement of this transaction, Ms
Kershaw will have an interest in 251 Ordinary Shares, representing
0.001% 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:
- 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)Dagmar Kershaw 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 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 July 2021
|
(c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
€6.165 |
Total 3,651 |
(d) Aggregate information
|
a) 1,030 b)
721 c) 876 d) 773
e) 251 €6.165 for all |
e) |
Date of transaction |
2 August 2021 |
(f) |
Place of transaction |
On-market – London |
CONTACTS
For the Investment ManagerAXA
Investment Managers ParisSerge Demayserge.demay@axa-im.com+33 (0) 1
44 45 84 47
Company Secretary and
AdministratorBNP Paribas Securities Services S.C.A,
Guernsey Branchguernsey.bp2s.volta.cosec@bnpparibas.com +44
(0) 1481 750 853
Corporate BrokerCenkos Securities plcAndrew
WorneDaniel BalabanoffWill Talkington+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
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 679 investment
professionals and €858 billion in assets under management as of the
end of December 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.*****
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