World News: 16:30 GMT Tuesday 28th May 2019. [Volta Finance Limited via Globe Newswire via SPi World News]
Pursuant to the announcement made on 5 April relating to changes to the payment of directors fees, Volta Finance Limited (the “Company” or “Volta”) has today purchased 4,780 ordinary shares of no par value in the Company (“Ordinary Shares”) at an average price of €6.98 per share.
Each director receives 30% of his or her 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 ("") are "persons discharging managerial responsibilities" (a "")
The notifications below, made in accordance with the requirements of MAR, provide further detail in relation to the above transactions:
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.
Globe Newswire: 16:30 GMT Tuesday 28th May 2019
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