Volta Finance Limited : Directorate change
(Thomson Reuters ONE) -
Volta Finance Limited (VTA) - Appointment of a Board Member
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES
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Guernsey, 20 October 2015
The Board of Volta Finance Limited (the "Company") has appointed Graham Michael
Harrison to the Board as an Independent Director with effect from today's date.
Mr Harrison (50) is co-founder and Group Managing Director of ARC Group Limited
("ARC"), a specialist investment advisory and research company. ARC was
established in 2002 and provides investment advice to ultra-high net worth
families, complex trust structures, charities and similar institutions.
Mr Harrison has fund board experience spanning a wide range of asset classes
including hedge funds, commodities, property, structured finance, equities,
bonds and money market funds. Prior to setting up ARC, he worked for HSBC in
their corporate finance division, specialising in financial engineering.
Mr Harrison is a Chartered Wealth Manager and a Chartered Fellow of the
Chartered Institute of Securities and Investment. He holds a BA in Economics
from Exeter University and an MSc in Economics from the London School of
Economics.
The Company will seek confirmation from shareholders of Mr Harrison's
appointment at the annual general meeting ("AGM") on 23 November 2015 together
with re-election of all existing Board members except for the current Chairman,
James Gilligan.
As previously announced on 10 September 2015, Mr Gilligan will resign as
Chairman of the Company at the Company's forthcoming AGM, following which Paul
Meader will be appointed as Chairman and Paul Varotsis will assume the role of
Senior Independent Director, subject to the re-election of each of Paul Meader
and Paul Varotsis at the AGM. Mr Gilligan has served the Company since 2010 as
Chairman and the Board would like to express their gratitude for his valuable
contribution to the Company over the past five years.
Mr Harrison currently serves as an Independent Director on the Boards of the
following companies that are publicly quoted or that were publicly quoted within
the past five years:
BH Global Limited
Real Estate Credit Investments PCC Ltd
Absolute Return Trust Limited
Close Enhanced Commodities Fund II Ltd
Mr Harrison previously served as an Independent Director on the Boards of the
following companies that are publicly quoted or that were publicly quoted within
the past five years:
F&C UK Real Estate Investments Limited
ISIS Property Trust Limited
There are no other disclosures required under UKLA Listing Rule 9.6.13.
For further information, please contact:
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay(at)axa-im.com
+33 (0) 1 44 45 84 47
Company Secretary and Portfolio Administrator
Sanne Group (Guernsey) Limited
voltafinance(at)sannegroup.com
+44 (0) 1481 739810
Liberum Capital Limited
Richard Bootle
Jonathan Wilkes-Green
+44 (0) 20 3100 2222
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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. 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.
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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 ?694
billion in assets under management as of the end of June 2015. AXA IM employs
approximately 2,360 people around the world.
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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.
*****
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.
*****
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#1960175]
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2015 - 19:00 Uhr
Sprache: Deutsch
News-ID 428249
Anzahl Zeichen: 7940
contact information:
Town:
St Peter Port
Kategorie:
Business News
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"Volta Finance Limited : Directorate change"
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