Recent Shareholding Transactions by Volta Finance Directors
Overview of Recent Share Acquisition by Volta Finance Limited
Volta Finance Limited (VTA/VTAS), a leader in asset management, has recently made headlines with significant share transactions involving its directors. This strategic move highlights the commitment of the company’s leadership to align their interests with those of shareholders and signal confidence in Volta's market strategies.
Details of Share Acquisitions
In accordance with regulatory agreements on share compensation, Volta Finance has purchased a total of 3,250 ordinary shares, each valued at an average price of €6.2. This purchase is part of a broader policy that allows directors to accept portions of their fees in shares, further binding their financial interests with the company's performance.
Directors’ Individual Purchases
Here’s a detailed look at the specific share acquisitions made by key figures within Volta Finance:
- Dagmar Kershaw: The Chairman acquired 1,000 additional Ordinary Shares, raising her total to 33,885 shares, which makes up 0.09% of the issued shares.
- Stephen Le Page: This director purchased 700 additional shares, bringing his total shareholding to 51,995 shares, equaling 0.14% of the company’s shares.
- Yedau Ogoundele: Another director who added 700 shares, now holds 8,295 shares, representing 0.02% of the total shares.
- Joanne Peacegood: Acquired 850 additional shares, now totaling 5,245 shares, amounting to 0.01% of the issued shares.
Compliance with Regulatory Standards
The share acquisitions by the directors fall under the regulations outlined in Regulation (EU) No 596/2014 on Market Abuse, recognizing them as persons discharging managerial responsibilities (PDMR). This compliance ensures transparency and protects the interests of all stakeholders involved in the company.
Understanding the Implications
These transactions not only reflect strong leadership engagement but also signal to investors a collective belief in the company's strategy and future prospects. By opting for share-based fees, the directors demonstrate their commitment to the long-term goals of Volta Finance Limited.
About Volta Finance Limited
Incorporated in Guernsey and listed on both Euronext Amsterdam and the London Stock Exchange, Volta Finance Limited specializes in preserving capital across economic cycles while providing consistent income through dividends. The company primarily invests in collateralized loan obligations (CLOs) and similar financial instruments, aiming for steady growth and investor returns.
Investment Strategy and Management
Volta has appointed AXA Investment Managers Paris as its investment management partner, leveraging the expertise of one of Europe’s largest asset managers, with total assets under management exceeding €859 billion. This partnership ensures a specialized focus on structured credit, enhancing Volta’s investment reach and stability.
Frequently Asked Questions
1. What is the significance of the recent share purchases by Volta's directors?
The recent share purchases serve as a demonstration of commitment from the directors towards the company's growth and align their interests with those of the shareholders.
2. How many shares did Dagmar Kershaw acquire?
Dagmar Kershaw, the Chairman, acquired 1,000 additional Ordinary Shares, raising her total holdings to 33,885 shares.
3. What percentage of the company do the directors currently hold?
The holdings of each director represent small percentages of the total issued shares, with Dagmar Kershaw holding about 0.09% of the shares.
4. What are the investment objectives of Volta Finance Limited?
Volta Finance aims to preserve its capital and provide a stable income stream through dividends, focusing primarily on CLOs and similar asset classes.
5. Who manages the assets of Volta Finance Limited?
The assets are managed by AXA Investment Managers Paris, known for their expertise in structured finance.
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