VOLTA FINANCE - ANNOUNCEMENT OF TERMINATION LIQUIDITY ENHANCEMENT CONTRACT
(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.
*****
Guernsey, 27 November 2013 - Volta Finance Limited (the "Company" or "Volta
Finance") announces that the Liquidity Enhancement Contract ("LEC") with Kepler
Corporate Finance ("Kepler" or the "Liquidity Provider"), entered into on 11
June 2012 (see the Company's 11 June 2012 press release), will terminate per 31
December 2013.
For the period from end of June 2013 to end of October 2013, the Liquidity
Provider purchased 23 152 share in the share capital of the Company, ISIN Code
GG00B1GHHH78 ("Shares") and sold 29 716 Shares on Euronext Amsterdam.
At the end of October 2013, Kepler held 24 131 Shares and 130 815 euro under the
LEC.
The volume traded on behalf of the LEC represented 11.1% of a total volume of
0.476 million Shares traded, on Euronext Amsterdam, during the same period.
It should also be noted that the Shares also traded outside Euronext Amsterdam,
between brokers (Source Bloomberg, Volume Across All Brokers), for a total of
0.766 million Shares during the same period.
*****
About the Company
Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey)
Laws, 1994 to 1996 (as amended) 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 ?553
billion in assets under management as of the end
of December 2012. AXA IM employs approximately 2,450 people around the world and
operates out of 21 countries.
CONTACTS
Company Secretary
Sanne Group (Guernsey) Limited
voltafinance(at)sannegroup.com
+44 (0) 1481 711822
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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1746252]
Unternehmensinformation / Kurzprofil:
Datum: 27.11.2013 - 18:02 Uhr
Sprache: Deutsch
News-ID 320879
Anzahl Zeichen: 7426
contact information:
Town:
St Peter Port
Kategorie:
Business News
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"VOLTA FINANCE - ANNOUNCEMENT OF TERMINATION LIQUIDITY ENHANCEMENT CONTRACT"
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