Volta Finance Limited - Change of Audit Committee Chair

Volta Finance Limited (VTA/VTAS)

Directorate Changes

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Guernsey, 16 April 2024

Appointment of new Audit Committee Chair

The Board of Volta Finance Limited is pleased to announce that Ms Joanne Peacegood, who joined the Board in July 2023, will succeed Mr Steve le Page as Chair of the Audit Committee with effect from 1 May 2024.

Steve Le Page joined the Board in October 2014, and so by the time of the 2024 Annual General Meeting he will have served for ten years.  The other members of the Board, who have an average tenure of two years, consider Steve to be independent under all the criteria set out in the UK Corporate Governance Code except for that in respect of tenure.  Consequently, they are supportive of his re-election to the Board at the forthcoming AGM, and would cite the following reasons for that support –
1.      The average tenure of the Board including him is four years
2.      They consider changing the entire Board in the course of only four years to be inadvisable
3.      His long experience with the Company will be valuable in the context of the refresh of its brand and marketing.
Unless there is a development beyond the Board’s control, Steve will not stand for re-election in 2025.

CONTACTS

For the Investment Manager
AXA Investment Managers Paris
François Touati
[e-mail]
[phone]

Olivier Pons
[e-mail]
[phone]

Company Secretary and Administrator
BNP Paribas S.A, Guernsey Branch
[e-mail]
[phone]

Corporate Broker
Cenkos Securities plc
Andrew Worne
Daniel Balabanoff
[phone]

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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.