Volta Finance Ld Volta Finance Limited - Director/Pdmr Shareholding

 
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, 3 November 2020 
 
   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 4,071 ordinary 
shares of no par value in the Company ("Ordinary Shares") at an average 
price of EUR4.05 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 1,234 
      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 41,832 Ordinary Shares, representing 0.11% of 
      the issued shares of the Company; 
 
   -- Paul Varotsis, Director and a PDMR for the purposes of MAR, acquired 863 
      additional Ordinary Shares in the Company.  Following the settlement of 
      this transaction, Mr Varotsis will have an interest in  208,394 Ordinary 
      Shares, representing 0.57% of the issued shares of the Company; 
 
   -- Steve Le Page, Director and a PDMR for the purposes of MAR, acquired 
      1,049 additional Ordinary Shares in the Company.  Following the 
      settlement of this transaction, Mr Le Page will have an interest in 
      36,297 Ordinary Shares, representing 0.10% of the issued shares of the 
      Company; 
 
   -- Graham Harrison, Director and a PDMR for the purposes of MAR, acquired 
      925 additional Ordinary Shares in the Company.  Following the settlement 
      of this transaction, Mr Harrison will have an interest in 20,150 Ordinary 
      Shares, representing 0.06% 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                     a)                                b) Paul           c) Steve Le       d) 
  the person discharging            Paul Meader                      Varotsis          Page Director      Graham Harrison 
  managerial responsibilities       Chairman and                     Director                             Director 
  / person closely                  Director 
  associated 
---------------------------------  --------------------------------  ----------------  ----------------  ---------------- 
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                   GB00B1GHHH78 
                                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 31 October 2020 
-----------------------------  ------------------------------------  ---------------------------------------------------- 
(c)                            Price(s) and volume(s)                Price(s)            Volume(s) 
-----------------------------  ------------------------------------  ------------------  -------------------------------- 
                                                                     EUR4.05             Total 4,071 
-----------------------------      ---------------  ---------------  ------------------  -------------------------------- 
(d)                              a) Paul            b)                 c)                                d) 
 Aggregate information           Meader              Paul Varotsis      Steve Le Page                     Graham Harrison 
                                 Chairman and        Director           Director                          Director 
 --    Aggregated volume         Director            863                1,049                             925 
                                 1,234               EUR4.05            EUR4.05                           EUR4.05 
 --    Price                     EUR4.05 
-------------------------------  -----------------  -----------------  --------------------------------  ---------------- 
(e)                            Date of transaction                    2 November 2020 
-----------------------------  ------------------------------------  ---------------------------------------------------- 
(f)                            Place of transaction                  On-market -- London 
-----------------------------  ------------------------------------  ---------------------------------------------------- 
 
 
   CONTACTS 
 
   For the Investment Manager 
 
   AXA Investment Managers Paris 
 
   Serge Demay 
 
   https://www.globenewswire.com/Tracker?data=QFVhhj5A3uLfzKWz34H2Ieu87EloepLEZBN651VKBTE2ZnyZvi57ZgbTAvz0g8gw6zgEtQ0a0H32QyeCqAfFp21P5LBai1S7srzVsFbVoj0= 
[e-mail] 
 
   [phone] 
 
   Company Secretary and Administrator 
 
   BNP Paribas Securities Services S.C.A, Guernsey Branch 
 
   https://www.globenewswire.com/Tracker?data=ttembWsQXXeaL8uhUqYFMWHbSFF2XTZLEQRKhijlnC1I7GGOhkkHRFgBIR7y1st0-o9k4J3Hy-EmcOnYRbvFpKEu8iZisFcrGT-Pu08473BJ1OSSyP1rvvUGGvzt0L2vvFqPgay3rqcFmEvvBNhEk0KlZSP27Gjk-U6hMHXUanEAF_Y6sK1MmPCIsLRzIJbfooQZxCYS5zc3xSu2wCdkgAKvL8NSNunDy_DSD0Ovs2BdnJIQQer9ZqIgiClM0tPkW7Rj1nt2ZegABrpDBM24Q9Hzw9J_oKrUAbfBQxQRq1Rbwx1IKUOWaJpwqK5lrL3MqCM6AnoJI2B56uHXTxgkvFlPeDZyEc3r4RExZW9ir5u8MrdYWozT-9dgntqGXWKu 
[e-mail] 
 
   [phone] 
 
   Corporate Broker 
 
   Cenkos Securities plc 
 
   Andrew Worne 
 
   Daniel Balabanoff 
 
   Rob Naylor 
 
   [phone] 
 
   ***** 
 
   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 753 investment professionals and EUR801 billion in assets 
under management as of the end of April 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. 
 
   ***** 
 
 
 
 

(END) Dow Jones Newswires

November 03, 2020 02:00 ET (07:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.