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Wednesday 04 September, 2019

Legal&Gen UCITS ETF

Shareholders Notification

RNS Number : 2578L
Legal & General UCITS ETF PLC
04 September 2019
 

 

Legal & General UCITS ETF Plc

 

Notice to Shareholders of the L&G UK Equity UCITS ETF

 

                                                                                                                                                      04 September 2019

 

 

Legal & General UCITS ETF Plc (the "Company") announces that a notice informing shareholders of the Company's intention to update the investment policy of the L&G UK Equity UCITS ETF (the "Fund") to reflect the potential exposure of the Fund to a single issuer has been published and posted to shareholders today (the "Notice").

 

The Fund's investment policy is to track the performance of the Solactive Core United Kingdom Large & Mid Cap Index NTR (the "Index") by seeking to gain exposure to all of the component securities of the Index in substantially the same weighting of the Index.

 

In view of the current weightings of securities within the Index, it is proposed that the investment policy of the Fund be updated to reflect that the Fund may have exposure to or invest directly up to 20% of its Net Asset Value in shares issued by the same body, which limit may be raised to 35% for a single issuer in exceptional market conditions, including (but not limited to) circumstances in which such issuer occupies a dominant market position.

 

This amendment to the investment policy will not affect the manner in which the Fund is managed. The prospectus supplement for the Fund (the "Fund Supplement") will be updated on or around 04 September 2019 to reflect this change. You are not required to do anything as a result of this notification.

 

A copy of the Notice has been submitted to the National Storage Mechanism where it is available for inspection at: http://www.morningstar.co.uk/uk/NSM.

 

A copy of the Notice and the Fund Supplement can also be found at: http://www.lgimetf.com/

 

 

 

FURTHER INFORMATION

 

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

Email:  [email protected] 

 


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