VOLTA FINANCE - ANNOUNCEMENT OF A SHARE OFFERING
(Thomson Reuters ONE) -
This press release is not for release, distribution or publication, whether
directly or indirectly and whether in whole or in part, into or in the United
States, Australia, Canada or Japan or any other jurisdiction in which the
publication, distribution or release would be unlawful. Please see the important
notices at the end of this communication.
This press release is not an offer for sale of securities in the United States.
Securities may not be 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. Volta Finance
Limited does not intend to register any part of the offering in the United
States or to conduct a public offering of its securities in the United States.
*****
Guernsey, 29 April 2013 - Volta Finance Limited (the "Company" or "Volta
Finance" or "Volta") announces a share offering:
* Proposed share offering of up to 3,150,000 new voting non-convertible
ordinary shares of no par value
* Bookbuild offering to institutional and other qualified investors in the
United Kingdom and the EEA, on a non-preemptive basis
* Liberum Capital Limited acts as coordinator and placing agent
Volta Finance Limited (the "Company") today announces the launch of an offering
of up to 3,150,000 new voting non-convertible ordinary shares of no par value
(the "Offer Shares"). The Offering represents less than 10% of the Company's
existing issued ordinary share capital.
The Offer Shares will be offered under applicable exemptions, including to
institutional and other qualified investors in the United Kingdom and the
European Economic Area only, through a bookbuild offering on a non-preemptive
basis (the "Offering").
The Company expects to use the proceeds of the offering to invest in line with
the outlook given in its interim report and accounts published on 25 March
2013. That is, invest in assets that are expected to have ongoing stable cash
flow at the time of purchase, whereby it should be expected that most of the
investments will be into assets leveraging corporate credit exposures through
collateralised loan obligations tranches, cash or synthetic bespoke
transactions, whilst some investments in other areas, including structured
mortgage loans, may also be considered from time to time.
The Offering
Liberum Capital Limited ("Liberum") is acting as coordinator and placing agent
for the Offering. The issue price and final number of Offer Shares placed in the
Offering will be determined through a bookbuild process and will be announced by
way of a subsequent press release.
The books will open with immediate effect and the closing of the books and
allocation of the Offer Shares is expected to occur on 2 May 2013 at 17.30 p.m.
BST, subject to acceleration. Application will be made for listing and admission
to trading of the Offer Shares on Euronext Amsterdam by NYSE Euronext ("Euronext
Amsterdam"). It is currently expected that the settlement of the Offering will
occur on 8 May 2013. The Offer Shares will rank pari passu in all respects with
the outstanding ordinary shares of the Company.
No prospectus is published in connection with the Offering or the listing and
admission to trading of the Offer Shares on Euronext Amsterdam.
Assuming the maximum number of Offer Shares is issued in the Offering, the
Company's issued and outstanding share capital following the Offering will
increase to 34,961,555 ordinary shares.
For more information, please contact:
Liberum Capital Limited
James Bouverat / Nicole Kwan (Sales) +44 20 3100 2253 / +44 20 3100 2259
Chris Bowman / Richard Bootle (Corporate Finance) +44 20 3100 2222
*****
About the Company
Volta Finance Limited is incorporated 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 Volta Finance
Limited 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.
Volta Finance Limited has appointed AXA Investment Managers Paris, an investment
management company with a division specialising in structured credit, as the
investment manager 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 asset managers with nearly
?553 billion in assets under management as of the end of December 2012. AXA IM
employs approximately 2,450 people around the world and has operations in 21
countries.
Contacts
Company Secretary
State Street (Guernsey) Limited
volta.finance(at)mourant.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
For more information on the Company, please visit the website at
www.voltafinance.com.
*****
Not for distribution in the United States
--------------------------------------------------------------------------------
[1] The expression "Prospectus Directive" meaning Directive 2003/71/EC (and
amendments thereto, including the 2010 PD Amending Directive, to the extent
implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State and the expression "2010 PD
Amending Directive" means Directive 2010/73/EU.
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#1697084]
Unternehmensinformation / Kurzprofil:
Datum: 29.04.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 253680
Anzahl Zeichen: 7320
contact information:
Town:
Guernsey
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 202 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"VOLTA FINANCE - ANNOUNCEMENT OF A SHARE OFFERING"
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).
