Volta Finance Limited - Director/PDMR Shareholding

VoltaFinanceLimited (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

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Guernsey,5 May 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 3,495 ordinary shares of no par value in the Company (“Ordinary Shares”) at an average price of €6.06 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 1,059 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 44,015 Ordinary Shares, representing 0.12% of the issued shares of the Company;
  
  
• Paul Varotsis, Director and a PDMR for the purposes of MAR, acquired 742 additional Ordinary Shares in the Company. Following the settlement of this transaction, Mr Varotsis will have an interest in 209,923 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 900 additional Ordinary Shares in the Company. Following the settlement of this transaction, Mr Le Page will have an interest in 38,153 Ordinary Shares, representing 0.10% of the issued shares of the Company;
  
  
• Graham Harrison, Director and a PDMR for the purposes of MAR, acquired 794 additional Ordinary Shares in the Company. Following the settlement of this transaction, Mr Harrison will have an interest in 21,787 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:

Details of the person discharging managerial responsibilities / person closely associated

a) Paul Meader Chairman and Director

b) Paul Varotsis Director

c) Steve Le Page Director

d) Graham Harrison 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 instrument Identification 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 30 April 2021

(c)

Price(s) and volume(s)

Price(s)

Volume(s)

€6.06

Total 3,495

(d) Aggregate information Aggregated volume Price

a) Paul Meader Chairman and Director 1,059 €6.06

b) Paul Varotsis Director 742 €6.06

c) Steve Le Page Director 900 €6.06

d) Graham Harrison Director 794 €6.06

(e)

Date of transaction

5 May 2021

(f)

Place of transaction

On-market – London

CONTACTS

For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay@axa-im.com
+33 (0) 1 44 45 84 47

Company Secretary and Administrator
BNP Paribas Securities Services S.C.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com
+44 (0) 1481 750 853

Corporate Broker
Cenkos Securities plc
Andrew Worne
Daniel Balabanoff
Will Talkington+44 (0) 20 7397 8900

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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.

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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 679 investment professionals and €858 billion in assets under management as of the end of December 2020.

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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.

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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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