Volta Finance Limited – Change of management

Volta Finance Limit (VTA / VTAS)

Change of direction


Guernsey, 17 May 2021

The Board of Directors of Volta Finance Limited is pleased to announce the appointment of Dagmar Kent Kershaw as an independent non-executive director, effective June 30, 2021.

Ms. Kershaw is an experienced non-executive director, with over 25 years of experience in the financial markets, leading and developing alternative fund and debt management businesses. She led the private debt placement business of Prudential M&G and launched its structured credit business in 1998, which she led for ten years. In 2008, she joined Intermediate Capital Group to lead its credit activities in Europe and Australia, including institutional funds, CLOs, direct loans and hedge funds. Since 2017, she has held non-executive positions and is currently a director of Brooks Macdonald plc and Aberdeen Smaller Companies Income Trust Plc, and a member of the advisory board of SVP Global (Strategic Value Partners, LLC). Ms. Kent Kershaw holds a BA in Economics and Economic History from York University

Commenting on the appointment, Paul Meader, Chairman of the Company, said: “With the retirement of Paul Varotsis at the upcoming AGM, we are delighted to welcome Dagmar to the Volta Board of Directors. Not only does she have enormous experience in structured finance, but she is also a very experienced administrator. We look forward to his contribution. ”

Regulatory Disclosure
Ms. Kershaw has served as a director of listed companies in the five years preceding the date of her appointment:

  • Brooks Macdonald Group Plc
  • Aberdeen Smaller Companies Income Trust Plc

There is no information about Ms. Kershaw that needs to be disclosed in accordance with Article 9.6.13 R (2) to (6) inclusive.

For more information, please contact:

For the Investment Manager
AXA Investment Managers Paris
Serge Demay
[email protected]

+33 (0) 1 44 45 84 47

Company secretary and administrator
BNP Paribas Securities Services SCA, Guernsey branch
[email protected]
+44 (0) 1481 750 853

Corporate broker
Cenkos Securities plc
Andrew Worne
Daniel Balabanoff
Will Talkington
+44 (0) 20 7397 8900


Volta Finance Limited is incorporated in Guernsey under the Companies Act (Guernsey) 2008 (as amended) and listed on Euronext Amsterdam and the main market of the London Stock Exchange for listed securities. The home Member State of the Volta for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to the regulation and supervision of the AFM, as regulator of the financial markets in the Netherlands.

Volta’s investment objectives are to preserve capital throughout the credit cycle and to provide a stable income stream to its shareholders in the form of dividends. Volta seeks to achieve its investment objectives primarily through diversified investments in structured finance assets. Assets in which the Company may invest directly or indirectly include, but are not limited to: business loans; sovereign and quasi-sovereign debt; residential mortgage loans; and auto loans. The company’s investment approach is based on vehicles and arrangements that essentially provide leveraged exposure to the portfolios of these underlying assets. The Company has appointed AXA Investment Managers Paris an investment management company with a division specializing in structured credit, for the investment management of all of its assets.


AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a world leader in financial protection and wealth management. AXA IM is one of the largest asset managers based in Europe with 679 investment professionals and 858 billion euros in assets under management at the end of December 2020


This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as manager of alternative investment funds (within the meaning of Directive 2011/61 / EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

This press release is for informational purposes only and does not constitute an invitation or inducement to acquire shares of Volta Finance. Its distribution may be prohibited in certain jurisdictions, and no recipient may distribute copies of this material in violation of these limitations or restrictions. This document does not constitute an offer to sell any of the securities referred to herein in the United States or to persons who are “United States Persons” for the purposes of Regulation S under the US Securities Act of 1933, as amended (the “ Securities Act ”), or otherwise in circumstances where such offering would be restricted by applicable law. These securities cannot be sold in the United States without registration or an exemption from registration under the Securities Act. Volta Finance does not intend to register any part of the offering of these securities in the United States or to make a public offer of these securities in the United States.


This communication is only distributed to and is intended for (I) persons located outside the United Kingdom or (ii) investment professionals covered by section 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 can legally be disclosed, falling under Article 49 (2) (a) to (d) of the Ordinance (all such persons being together called “data subjects”). The securities referred to herein are only available to the persons concerned, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be made only with the persons concerned. Anyone who is not a Data Subject should not act or trust this document or any of its contents. Past performance cannot be taken as an indication of future performance.

This press release contains statements that are, or may be considered, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “anticipates”, “expects”, “intends”, “is / are expected”, “may “,” Will “or” should “. They include statements regarding the level of the dividend, the current market environment and its impact on the long-term return on Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties, and readers are cautioned that these forward-looking statements are not guarantees of future performance. The actual results, portfolio composition and performance of Volta Finance may differ materially from the impression created by forward-looking statements. AXA IM assumes no obligation to publicly update or revise any forward-looking statements.

All target information is based on certain assumptions about future events which may not be revealed. realized. Due to the uncertainty surrounding these future events, targets are not intended to be and should not be viewed as profits or profits or any other type of forecast. There can be no assurance that any of these objectives will be achieved. Furthermore, no guarantee can be given that the investment objective will be achieved.

The figures provided which relate to past months or years and to past performance cannot be taken as an indication of future performance nor be interpreted as a reliable indicator of future performance. Throughout this review, the citation of specific trades or strategies aims to illustrate some of Volta Finance’s investment methodologies and philosophies, as implemented by AXA IM. AXA IM’s historical success or belief in the future success of any of these businesses or strategies is not indicative and has no impact on future results.

The valuation of financial assets may be very different from the prices that AXA IM might obtain if it sought to liquidate positions on behalf of Volta Finance due to market conditions and the general economic environment. Such assessments do not constitute fairness or a similar opinion and should not be taken as such.

Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under French law, with its registered office in Tour Majunga, 6, Place de la Pyramid – 92800 Puteaux. AXA IMP is approved by the Authority of Markets Financial under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM directive.


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