VOLTA FINANCE - SUPPLEMENTAL INFORMATION REGARDING THE EGM TO BE HELD THE 23 APRIL 2012
(Thomson Reuters ONE) -
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES
*****
Guernsey,5 April 2012 -Following the circulation of the notice of the EGM that
will be held at the Company's registered office, First Floor, Dorey Court,
Admiral Park, St Peter Port, Guernsey GY1 6HJ, Channel Islands, at 10:00am
(London time) on 23 April 2012, the Company is offering additional information
regarding Resolution 2 from the agenda through this announcement.
Following the introduction of The Companies (Guernsey) Law, 2008 the
Shareholders resolved at the Company's Annual General Meeting on 20 November
2008 to approve certain amendments to the Company's Memorandum & Articles of
Incorporation to enable them to be compliant with the 2008 Company Law. One of
these amendments was to insert Article 39 which, interalia, authorised the
Directors to issue an unlimited number of shares subject to this authority being
renewed after a 5 year period which is the maximum term allowed by the Company
Law.
Resolution 2 being:
"To renew the authorisation of the Company to issue an unlimited number of
shares in accordance with Article 39 of the Memorandum and Articles of
Incorporation of the Company for a further period of five years."
Renewed authorisation permits:
* the Company to pay 30% of its Board Members remuneration in shares
in accordance with the Company's Prospectus;
* the Company to pay 50% of the performance fees of the Investment
Manager in shares in accordance with the Company's Prospectus;
If and when the Company considers issuing a significant amount of shares, the
Company will request a clear and appropriate authorisation from its
shareholders. By significant the Company means any increase of capital that
exceed 10% per year of the existing capital.
*****
ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is registered in Guernsey under The Companies (Guernsey)
Law, 2008 and listed on Euronext Amsterdam. Its 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.
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
nearly ?512 billion in assets under management as of the end of December 2011.
AXA IM employs approximately 2,367 people around the world and operates out
of 21 countries.
CONTACTS
Company Secretary
State Street (Guernsey) Limited
volta.finance(at)ais.statestreet.com
+44 (0) 1481 715601
Portfolio Administrator
Deutsche Bank
voltaadmin(at)list.db.com
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay(at)axa-im.com
+33 (0) 1 44 45 84 47
*****
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 press release is not an offer of securities for sale in the United States.
Securities may not be offered or sold in the United States absent registration
with the United States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the "Securities
Act"). Volta Finance has not registered, and does not intend to register, any
portion of any offering of its securities in the United States or to conduct a
public offering of any securities in the United States.
*****
This document is being distributed by Volta Finance Limited in the United
Kingdom only to investment professionals falling within article 19(5) of the
Financial Services and Market Act 2000 (Financial Promotion) Order 2005 (the
"Order") or high net worth companies and other persons to whom it may lawfully
be communicated, falling within article 49(2)(A) to (E) of the Order ("Relevant
persons"). The shares are only available to, and any invitation, offer or
agreement to subscribe, purchase or otherwise acquire the shares will be engaged
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.
*****
This press release contains statements that are, or may deemed to be, "forward-
looking statements". These forward-looking statements can be identified by the
use of forward-looking terminology, including the terms "believes",
"anticipated", "expects", "intends", "is/are expected", "may", "will" or
"should". They include the statements regarding the level of the dividend, the
current market context and its impact on the long-term return of Volta's
investments. By their nature, forward-looking statements involve risks and
uncertainties and readers are cautioned that any such forward-looking statements
are not guarantees of future performance. Volta Finance's actual results,
portfolio composition and performance may differ materially from the impression
created by the forward-looking statements. Volta Finance does not undertake any
obligation to publicly update or revise forward-looking statements.
Any target information is based on certain assumptions as to future events which
may not prove to be realised. Due to the uncertainty surrounding these future
events, the targets are not intended to be and should not be regarded as profits
or earnings or any other type of forecasts. There can be no assurance that any
of these targets will be achieved. In addition, no assurance can be given that
the investment objective will be achieved.
*****
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Volta Finance Limited via Thomson Reuters ONE
[HUG#1600730]
Unternehmensinformation / Kurzprofil:
Datum: 05.04.2012 - 17:48 Uhr
Sprache: Deutsch
News-ID 132683
Anzahl Zeichen: 8075
contact information:
Town:
Guernsey
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 163 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"VOLTA FINANCE - SUPPLEMENTAL INFORMATION REGARDING THE EGM TO BE HELD THE 23 APRIL 2012"
steht unter der journalistisch-redaktionellen Verantwortung von
Volta Finance Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
