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Friday 17 May, 2019

Legal&Gen UCITS ETF

Notice to Shareholders

RNS Number : 4347Z
Legal & General UCITS ETF PLC
17 May 2019
 

NOTICE TO HOLDERS OF SHARES IN THE FOLLOWING SUB-FUNDS OF LEGAL & GENERAL UCITS ETF PLC (THE "COMPANY"):

 

 

Sub-Fund

Share Class

ISIN

L&G LOIM Global Government Bond Fundamental UCITS ETF

USD Distributing ETF

(IE00BSVYHQ11)

 

L&G LOIM Global Corporate Bond Fundamental UCITS ETF

USD Distributing ETF

(IE00BSVYHV63)

L&G LOIM Global Corporate Bond Fundamental UCITS ETF

GBP Hedged Distributing ETF

(IE00BZ03M525)

L&G LOIM Euro Corporate Bond Fundamental UCITS ETF

EUR Distributing ETF

(IE00BSVYHT42)

L&G LOIM Emerging Market Local Government Bond Fundamental UCITS ETF

USD Distributing ETF

(IE00BSVYHP04)

 

The board of the Company announces that it has today (17 May 2019) posted a notification to the holders of the shares (the "Shares") in the above Sub-Funds (the "Shareholders") to inform them that after careful consideration and with the long term interests of Shareholders in mind, the Directors of the Company have resolved to close and wind-up the above listed Sub-Funds in accordance with the applicable provisions of the Constitution and the Prospectus of the Company. The Company intends to close the Sub-Funds by way of a compulsory redemption of all Shares of the Sub-Funds.

Please note in particular the following important dates in relation to the Sub-Fund closures:

 

1.   The final day for trading on the each of the on each of the London Stock Exchange, the SIX Swiss Exchange and the Borsa Italiana  (the "Relevant Exchanges") shall be 17 June 2019 (the "Final Exchange Trading Date").

2.   The Sub-Funds shall be suspended from trading on each of the Relevant Exchanges with effect from 18 June 2019.

 

3.   The last "Dealing Day" (as such term is defined in the Prospectus) in respect of which applications for subscriptions and redemptions shall be accepted from Authorised Participants shall be 19 June 2019 (the "Dealing Date").  Therefore, applications for subscriptions and redemptions in respect of the Dealing Date must be received no later than 4:00 pm (UK time) on 18 June 2019 otherwise they shall be invalid.

 

4.   Persons who:

·      have not sold their Shares on or before the Final Exchange Trading Date; or

·      have not validly applied for redemption of their Shares on or before the Dealing Date,

and, in each case, who are listed as holders in the Sub-Funds in the Company's register of Shareholders as at 28 June 2019 (the "Compulsory Redemption Date"), shall have their Shares compulsorily redeemed on the Compulsory Redemption Date.

 

5.   The proceeds of the Compulsory Redemption shall be distributed on or around 9 July 2019 (the "Final Distribution Date") to those persons registered as holders of Shares as at the Compulsory Redemption Date.

 

 

 

 

Please note that as part of the closure process and in the event of significant redemptions in the Sub-Funds following this notice of closure and before the final redemption date, the ability to meet the investment objective of the Sub-Funds may be compromised and there will accordingly be an increased risk of tracking error in the Sub-Funds.

 

A copy of the notification has been submitted to the National Storage Mechanism and shortly be available for inspection at www.morningstar.co.uk/uk/nsm.

 

 

 

FURTHER INFORMATION

 

Should you have any queries, please do not hesitate to contact:

 

For further information, please contact:

Legal & General Investment Management Limited

 

Tel: 0345 070 8684

Email: [email protected]

 

 

 

J&E Davy (Listing Sponsor)

Enquiries: Fergal Meegan / Brian Garrahy                                            

Tel: +353 1 6796363

 


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