REG - Invesco Markets PLC - Statement re : IVZ STX EUR Small 200 Fund Closure

AberdeenAnnouncement

28/03/2023 18:15

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RNS Number : 5243U  Invesco Markets PLC  28 March 2023

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      Invesco Markets plc

Ground Floor, 2 Cumberland Place, Fenian Street,  Dublin 2, Ireland

      Telephone +353 1 439 8000

      www.invesco.com

 

IMPORTANT: This document is important and requires your immediate attention.
If you are in any doubt as to the action you should take you should seek
advice from your stockbroker, bank manager, solicitor, accountant or other
independent financial adviser.

 

If you have sold or transferred all of your shares in the Fund (as defined
below), please pass this document at once to the purchaser or transferee or to
the stockbroker, bank or other agent through whom the sale or transfer was
effected for transmission to the purchaser or transferee as soon as possible.

 

Capitalised terms used herein shall bear the same meaning as capitalised terms
used in the Prospectus dated 30 November 2022. Copies of the Prospectus are
available upon request during normal business hours from the registered office
of the Company or from the local representative of the Company in each
jurisdiction in which the sub-funds of the Company are registered for public
distribution.

 

In accordance with the current policy of the Central Bank, this document has
not been reviewed by the Central Bank.

 

 

28 March 2023

 

Invesco Markets plc (the "Company")

 

 Fund                                          ISIN
 Invesco STOXX Europe Small 200 UCITS ETF Acc  IE00B60SWZ49

 

(the "Fund")

 

Dear Shareholder,

 

We are writing to you as a Shareholder in the Fund to inform you that the
board of directors (the "Board") has, with regret, determined that, pursuant
to Clause 10 Appendix II of the Memorandum & Articles of Association of
the Company (the "M&A"), it is in the best interests of the Shareholders
to terminate the Fund with effect from 10 May 2023 (the "Termination Date").

 

The decision of the Board to terminate the Fund is based on the advice of the
promoter and investment manager that the continued existence and operation of
the Fund is not economically viable.

 

Therefore, in accordance with the above provisions of the M&A and the
Prospectus, the Board hereby gives notice of our intention:

i)              cancel the listing of the Fund and the right of
the Fund to be traded on any relevant stock exchanges with effect from close
of business on 28 April 2023;

ii)             terminate the Fund with effect from 3 May 2023;
and

iii)            to proceed with the compulsory repurchase of all
outstanding shares of the Fund.

 

 

PROPOSED TIMETABLE

 

 Key Dates                Event
 28 April 2023 (Friday)   Final Exchange Trading Date
 2 May 2023 (Tuesday)     Final Dealing Date (Voluntary Create/Redeem)
 3 May 2023 (Wednesday)   Mandatory Redemption Trade Date (and Termination Date)
 10 May 2023 (Wednesday)  Redemption Settlement Date

 

 

ADDITIONAL INFORMATION

 

Requests for repurchase or subscription for Shares in the Fund may be made in
the usual manner in accordance with the Prospectus and supplements for the
Fund (the "Supplement") until 2 May 2023.

 

The following terms and conditions of such compulsory repurchase shall apply
as of the Termination Date:

 

1.    the Fund shall be terminated and the repurchase price for each Class
of Shares of the Fund will be determined by reference to the Net Asset Value
of the respective Class of Shares of the Fund as of the Termination Date. The
costs in relation to the termination will be borne by the Manager;

 

2.    no repurchase charge will be applied;

 

3.    the repurchase proceeds will be paid in the relevant Share Class
currency;

 

4.    the payment of the repurchase proceeds resulting from the compulsory
repurchase will take place on or around 10 May 2023; and

 

5.    following the payment of the repurchase proceeds in respect of the
Fund, application will be made to the Central Bank of Ireland for the
withdrawal of approval of the Fund.

 

Shareholders who subscribe or repurchase Shares in the Fund on the primary
market are entitled to repurchase their Shares in the Fund in accordance with
the Prospectus. Please note that the Company does not charge any repurchase
fee for the sale of Shares in the secondary market. Orders to sell Shares
through a stock exchange can be placed via an authorised intermediary or
stockbroker. However, Shareholders should note that orders in the secondary
market may incur costs over which the Company has no control and to which the
above disapplication of the repurchase charge does not apply.

 

Shareholders may obtain the Prospectus, a copy of the Supplements, the key
investor information and key information documents, the latest annual and
semi-annual reports and copies of the M&A free of charge from the
registered office of the Manager or the local representatives in the countries
where the Company is registered and in Switzerland at BNP Paribas Securities
Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich which is
the Swiss representative and paying agent, as well as from the German
information agent Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg,
Germany and where applicable on the website of the Company -
www.etf.invesco.com
(https://etf.invesco.com/pt/institutional/en/library/category/shareholder-notices)
. Shareholders should consult their own professional advisers as to the
specific tax implications of the termination under the laws of the countries
of their nationality, residence, domicile or incorporation.

 

If you have any queries arising from this notice, please call Invesco on +353
1 439 8000 or contact us at invest@invesco.com (mailto:invest@invesco.com) .

 

Yours sincerely

 

 

_________________

For and on behalf of

Invesco Markets plc

 

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