REG-Director/PDMR Shareholding
02/05/2025 15:15
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250502:nGNE5dnGTN&default-theme=true
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 May 2025
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 purchased 3,307 ordinary shares of no par
value in the Company (“Ordinary Shares”) at an average price of €6.18
per share.
Each director receives 30% of their 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").
* Dagmar Kershaw, Chairman and a PDMR for the purposes of MAR, acquired 1,018
additional Ordinary Shares in the Company. Following the settlement of this
transaction, Ms Kershaw will have an interest in 34,903 Ordinary Shares,
representing 0.09% of the issued shares of the Company;
* Stephen Le Page, Director and a PDMR for the purposes of MAR, acquired 712
additional Ordinary Shares in the Company. Following the settlement of this
transaction, Mr Le Page will have an interest in 52,707 Ordinary Shares,
representing 0.14% of the issued shares of the Company;
* Yedau Ogoundele, Director and a PDMR for the purposes of MAR acquired 712
additional Ordinary Shares in the Company. Following the settlement of this
transaction, Mrs Ogoundele will have an interest in 9,007 Ordinary Shares,
representing 0.02% of the issued shares of the Company; and
* Joanne Peacegood, Director and a PDMR for the purposes of MAR acquired 865
additional Ordinary Shares in the Company. Following the settlement of this
transaction, Mrs Peacegood will have an interest in 6,110 Ordinary Shares,
representing 0.01% 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 the person discharging managerial responsibilities / person closely associated
a) Dagmar Kershaw CHAIRMAN & DIRECTOR b) Stephen Le Page DIRECTOR c) Yedau Ogoundele DIRECTOR d) Joanne Peacegood DIRECTOR
1. Reason for the notification
a. Position/status Director
b. Initial notification/Amendment Initial notification
1. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a. Name Volta Finance Limited
b. LEI 2138004N6QDNAZ2V3W80
1. 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 instrument Ordinary Shares
b. Identification code GG00B1GHHH78
c. Nature of the transaction Purchase and allocation of Ordinary Shares relation to the part-payment of Directors' fees for the quarter ended 31 October 2024
d. Price(s) €6.18 per share
e. Volume(s) Total: 3,250
f. Date of transaction 3 February 2025
g. Place of transaction On-market – London
1. Aggregate Purchase Information
a) Dagmar Kershaw Chairman and Director b) Stephen Le Page Director c) Yedau Ogoundele Director d) Joanne Peacegood Director
Aggr. Volume: 1,018 Price: €6.18 per share Aggr. Volume: 712 Price: €6.18per share Aggr. Volume: 712 Price: €6.18 per share Aggr. Volume: 865 Price: €6.18 per share
CONTACTS
For the Investment Manager
AXA Investment Managers Paris
François Touati
francois.touati@axa-im.com
+33 (0) 1 44 45 80 22
Olivier Pons
Olivier.pons@axa-im.com
+33 (0) 1 44 45 87 30
Company Secretary and Administrator
BNP Paribas S.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com
+44 (0) 1481 750 853
Corporate Broker
Cavendish Securities plc
Andrew Worne
Daniel Balabanoff
+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 its capital across the credit
cycle and to provide a stable stream of income to its Shareholders through
dividends that it expects to distribute on a quarterly basis. The Company
currently seeks to achieve its investment objectives by pursuing exposure
predominantly to CLO’s and similar asset classes. A more diversified
investment strategy across structured finance assets may be pursued
opportunistically. 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
2,800 professionals and €859 billion in assets under management as of the
end of June 2024.
*****
This press release is published by AXA Investment Managers Paris (“AXA
IM”), in its capacity as alternative investment fund manager (within the
meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance
Limited (the "Volta Finance") whose portfolio is managed by AXA IM.
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. Volta Finance 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.
*****
This press release contains statements that are, or may deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "anticipated", "expects", "intends", "is/are expected", "may",
"will" or "should". They include the statements regarding the level of the
dividend, the current market context and its impact on the long-term return of
Volta Finance's investments. By their nature, forward-looking statements
involve risks and uncertainties and readers are cautioned that any such
forward-looking statements are not guarantees of future performance. Volta
Finance's actual results, portfolio composition and performance may differ
materially from the impression created by the forward-looking statements. AXA
IM does not undertake any obligation to publicly update or revise
forward-looking statements.
Any target information is based on certain assumptions as to future events
which may not prove to be realised. Due to the uncertainty surrounding these
future events, the targets are not intended to be and should not be regarded
as profits or earnings or any other type of forecasts. There can be no
assurance that any of these targets will be achieved. In addition, no
assurance can be given that the investment objective will be achieved.
The figures provided that relate to past months or years and past performance
cannot be relied on as a guide to future performance or construed as a
reliable indicator as to future performance. Throughout this review, the
citation of specific trades or strategies is intended to illustrate some of
the investment methodologies and philosophies of Volta Finance, as implemented
by AXA IM. The historical success or AXA IM’s belief in the future success,
of any of these trades or strategies is not indicative of, and has no bearing
on, future results.
The valuation of financial assets can vary significantly from the prices that
the AXA IM could obtain if it sought to liquidate the positions on behalf of
the Volta Finance due to market conditions and general economic environment.
Such valuations do not constitute a fairness or similar opinion and should not
be regarded as such.
Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws
of France, having its registered office located at Tour Majunga, 6, Place de
la Pyramide - 92800 Puteaux. AXA IMP is authorized by the Autorité des
Marchés Financiers under registration number GP92008 as an alternative
investment fund manager within the meaning of the AIFM Directive.
*****