Block Admission
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
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Guernsey, 30 July 2015
Volta Finance Limited (the "Company" or "Volta") wishes to announce that it has made an application for admission to listing on the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange of up to 504,717 ordinary shares of no par value in the Company in relation to the conversion of all remaining Class C shares into ordinary shares by Volta's Investment Manager.
Under the Performance Fee payment basis that was applicable until 31 July 2013, Volta's Investment Manager was previously issued with Class C shares, which are non-voting shares. The Class C shares are convertible into ordinary shares, which are voting shares, by AXA IM Paris on sale to a third party.
The Company will announce the number of Class C shares that have been converted into ordinary shares on a monthly basis so that shareholders will be able to determine whether they are required to notify the AFM of their interest in, or a change to their interest in, the Company.
Whilst any Class C shares remain in issue, the Company will also announce the number of ordinary shares granted and admitted to trading under the block admission every 6 months, as required by the UK Listing Rules.
For further information, please contact:
Liberum Capital Limited
+44 20 3100 2222
Richard Bootle
Jonathan Wilkes-Green
Sanne Group (Company Secretary and Portfolio Administrator)
+44 1481 710557
AXA Investment Managers Paris (Investment Manager)
+33 1 44 45 84 47
Serge Demay
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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 and to provide a stable stream of income to its shareholders through dividends. For this purpose, it pursues a multi-asset investment strategy targeting various underlying 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; automobile loans. Volta Finance Limited's basic approach to its underlying assets is through vehicles and arrangements that provide leveraged exposure to some of those underlying assets. Volta Finance Limited 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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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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