REG - Legal&Gen UCITS ETF - De-Listing of Sub-Fund

Bank Of New York MellonAnnouncement

06/04/2023 15:15

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RNS Number : 6728V  Legal & General UCITS ETF PLC  06 April 2023

6 April 2023

 

Legal & General UCITS ETF Plc

(the "Company")

 

The Company announces that a circular has been issued to the registered holder
of shares in the Sub-Fund (the "Registered Shareholder"), the Bank of New York
Mellon (Depository) Nominees Limited, to inform them that after careful
consideration and with the long term interests of the underlying shareholders
in mind, the Directors of the Company have resolved to close and wind-up the
above listed Sub-Fund in accordance with the applicable provisions of the
Constitution and the Prospectus of the Company. The Company intends to close
the Sub-Fund by way of a compulsory redemption of all Shares of the Sub-Fund.

 Sub-Fund                          Share Class                                                                          ISIN
 L&G ESG Green Bond UCITS ETF      EUR Distributing ETF                                                                 IE00BMYDMD58
                                   (https://fundcentres.lgim.com/en/uk/institutional/fund-centre/ETF/ESG-Green-Bond/)

 

 

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

 

1)   The Final Exchange Trading Date shall be 9 May 2023. Investors trading
on a Relevant Exchange will not be able to buy or sell Shares after 9 May
2023.

 

2)    The Final Dealing Date shall be 11 May 2023. Applications for
subscriptions and redemptions from Authorised Participants in respect of the
Final Dealing Date must be received no later than 4:00pm on 10 May 2023 (i.e.
the "Dealing Deadline" applicable to the Sub-Fund as prescribed by the
Prospectus) otherwise they shall be invalid.

 

3)    The Sub-Fund shall be closed to further subscriptions and redemptions
with effect from and including the day immediately following the Final Dealing
Date.

 

4)    Any Shares remaining in the Sub-Fund as at 19 May 2023 (the
"Compulsory Redemption Date"), shall be compulsorily redeemed on the
Compulsory Redemption Date. The investments remaining in the Sub-Fund at the
Compulsory Redemption Date will be liquidated for the purposes of the payment
distribution to investors on or shortly after the Indicative Settlement Date
(as defined below)

 

5)    The Sub-Fund shall be de-listed from the Official List of the FCA
with effect from 24 May 2023.

 

6)    The proceeds of the Compulsory Redemption shall be paid on or around
26 May 2023 (the "Indicative Settlement Date") to those persons registered as
participants of the relevant settlement system through which the Shares are
held.

 

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

 

A copy of the notification has been submitted to the National Storage
Mechanism (NSM) and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) and www.lgimetf.com
(http://www.lgimetf.com) .

 

 

FURTHER INFORMATION

 

Legal & General Investment Management Limited

 

Tel: 0345 070 8684

Email: fundsales@lgim.com

 

J&E Davy (Listing Sponsor)

 

Enquiries: Brian
Garrahy

Tel: +353 1 6796363

Email:  DCF@Davy.ie

 

 

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