Recent Changes in Director Holdings at Volta Finance Limited
Recent Changes in Director Holdings
Volta Finance Limited (VTA/VTAS)
Notification of transactions by directors and managerial personnel
In response to earlier announcements regarding payment adjustments for director fees, Volta Finance Limited has recently acquired 3,307 ordinary shares at an average price of €6.18 each. The company operates under the financial regulations pertinent to market abuse, ensuring transparency and accountability among its directors and closely associated individuals.
Details of Recent Transactions
To comply with regulations, every director receives 30% of their fees in shares, which must be held for a minimum of one year from the issuance date. The following are details of the transactions:
Individual Transactions
- Dagmar Kershaw, chairman, acquired 1,018 ordinary shares. Post-transaction, she holds 34,903 shares, equating to 0.09% of the company’s overall shares.
- Stephen Le Page secured 712 additional ordinary shares, bringing his total to 52,707 shares, which represents 0.14% of the issued shares.
- Yedau Ogoundele also acquired 712 ordinary shares, leading to a total of 9,007 shares held, making up 0.02% of the company’s shares.
- Joanne Peacegood purchased 865 ordinary shares, which results in her holding 6,110 shares, representing 0.01% of the issued shares.
Implications of Share Purchases
These transactions reflect a significant commitment from the leadership at Volta Finance Limited (LSE: VTA, Amsterdam: VTA) towards the company's future. Director acquisitions of shares often signal confidence in the firm's strategic direction and financial health, encouraging further trust from investors.
Core Information
The company operates under the laws of Guernsey, listing its shares on both the Euronext Amsterdam and London Stock Exchange. Its investment strategy focuses on preserving capital while providing stable income through dividends, primarily driven by structured credit and CLOs (Collateralized Loan Obligations).
Contact Information
For inquiries regarding Volta Finance Limited, please contact:
Investment Manager:
AXA Investment Managers Paris
François Touati
Email: francois.touati@axa-im.com
Tel: +33 (0) 1 44 45 80 22
Olivier Pons
Email: Olivier.pons@axa-im.com
Tel: +33 (0) 1 44 45 87 30
Company Secretary:
BNP Paribas S.A. Guernsey Branch
Email: guernsey.bp2s.volta.cosec@bnpparibas.com
Tel: +44 (0) 1481 750 853
Corporate Broker:
Cavendish Securities plc
Contact: Andrew Worne, Daniel Balabanoff
Tel: +44 (0) 20 7397 8900
Frequently Asked Questions
What are the recent changes in director shareholdings at Volta Finance Limited?
Recent transactions show significant share purchases by directors, indicating strong confidence in the company's direction.
How does the share acquisition affect investor confidence?
Director purchases often enhance investor confidence, signaling their belief in the firm's strategic and financial health.
What is Volta Finance's investment strategy?
The company aims to preserve capital while generating stable income through dividends, primarily from structured finance assets.
Who can I contact for more information about Volta Finance?
Contacts for inquiries include the investment manager and corporate secretary listed in the document.
On which exchanges is Volta Finance listed?
Volta Finance is listed on Euronext Amsterdam as well as the London Stock Exchange.
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