Volta Finance Limited (VTA) - Issue of Shares and Voting Rights
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Guernsey, 3 May 2016
Volta Finance Limited (the "Company" or "Volta") announces in respect of the month ended 30 April 2016, the issue of 223,832 Ordinary Shares of no par value each, following the conversion of the same number of Class C Shares into Ordinary Shares by the Investment Manager (AXA IM Paris).
Such Ordinary Shares were admitted to trading on the Euronext Amsterdam stock exchange and were also admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities under Volta's block listing facility. Following these issues, Volta has now admitted all of the Ordinary Shares permitted under its block listing facility.
Following the conversion of 223,832 Class C Shares into Ordinary Shares, there are nil Class C Shares remaining in issue. The Class C Shares were held by AXA IM Paris and were non-voting shares but in all other respects had the same rights and entitlements as the Ordinary Shares. If sold to a party unaffiliated with AXA IM Paris, the Class C shares were convertible into Ordinary Shares.
As at 30 April 2016, the Company's issued share capital comprised: 36,520,602 Ordinary Shares; 1 Class B Share; and, nil Class C Shares. Accordingly, as at 30 April 2016, the total number of voting rights in the Company was 36,520,603. Shareholders may use this total voting rights figure as the denominator for the calculations by which they will determine whether they are required to notify the AFM of their interest in, or a change to their interest in, the share capital of the Company.
For further information, please contact:
Company Secretary and Portfolio Administrator
Sanne Group (Guernsey) Limited
+44 (0) 1481 739810
Liberum Capital Limited
+44 (0) 20 3100 2222
For the Investment Manager
AXA Investment Managers Paris
+33 (0) 1 44 45 84 47
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 €694 billion in assets under management as of the end of June 2015. AXA IM employs approximately 2,360 people around the world.
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.