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Thursday 19 July, 2018

Legal&Gen UCITS ETF

Shareholder Notification

RNS Number : 2180V
Legal & General UCITS ETF PLC
19 July 2018
 

LEGAL & GENERAL UCITS ETF PLC (THE "COMPANY")

Shareholder Notification


Name

ISIN

Share Class

GBP Hedged Distributing ETF

IE00BZ03M301

Sub-Fund

L&G LOIM Global Government Bond Fundamental UCITS  ETF

N/A

 

The board of the Company announces that it has today (19 July 2018) posted a notification to the holders of the GBP Hedged Distributing ETF share class (the "Share Class") of the L&G LOIM Global Government Bond Fundamental UCITS ETF (the "Sub-Fund") to inform them that it intends to close the Share Class by way of a compulsory redemption of all shares of the Share Class (the "Shares").  Furthermore the Company announces that the Shares will be suspended from trading on each of the London Stock Exchange and the SIX Swiss Exchange with effect from 21 August 2018 (the "Suspension"). 

As part of the process of closing the Share Class, it will be necessary for the following steps to take place:

 

1)    The final day for trading on the each of the stock exchanges on which the Share Class is listed, such exchanges being the London Stock Exchange and the SIX Swiss Exchange (the "Relevant Exchanges"), shall be 20 August 2018 (the "Final Exchange Trading Date").  Investors trading on a Relevant Exchange will not be able to buy or sell shares after 20 August 2018.

 

2)    The Share Class shall be suspended from trading on each of the Relevant Exchanges with effect from 21 August 2018.

 

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 22 August 2018 (the "Final Dealing Date").  Therefore, applications for subscriptions and redemptions in respect of the Final Dealing Date must be received no later than 4:00 pm (UK time) on 21 August 2018 (i.e. the "Dealing Deadline" applicable to the Sub-Fund as prescribed by the Prospectus) otherwise they shall be invalid. 

 

4)    Dealing in the Share Class shall be suspended (i.e. closed to further subscriptions and redemptions) with effect from and including the day immediately following the Final Dealing Date and the investments in the Share Class will be liquidated on the Compulsory Redemption Date (as defined below).

 

5)    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 Final Dealing Date,

and, in each case, who are listed as holders in the Share Class in the Company's register of Shareholders as at 29 August 2018 (the "Compulsory Redemption Date"), shall have their Shares compulsorily redeemed on the Compulsory Redemption Date.

 

6)    The proceeds of the Compulsory Redemption shall be distributed on or around 10 September 2018 (the "Final Distribution Date") to those persons registered as holders of Shares as at the Compulsory Redemption Date. The proceeds of the Compulsory Redemption will be paid to the CREST account on record with the registrar of the Company for the relevant Shareholder. 

 

The Manager of the Company, LGIM ETF Managers Limited, will be responsible for all legal, procedural, stock exchange related and service provider costs incurred in respect of the suspension and redemption process of the Shares.

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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