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

Bank Of New York MellonAnnouncement

17/01/2025 13:00

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RNS Number : 8027T  Legal & General UCITS ETF PLC  17 January 2025

17 January 2025

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-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-
Fund.

 

 Sub-Fund                                                             Share Class           ISIN
 L&G Optical Technology & Photonics ESG Exclusions UCITS ETF          USD Accumulating ETF  IE000QNJAOX1
 L&G Japan ESG Exclusions Paris Aligned UCITS ETF                     USD Accumulating ETF  IE000HLUHPT1
 L&G Global Thematic ESG Exclusions UCITS ETF                         USD Accumulating ETF  IE000VTOHNZ0

 

 

 

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

1)     The Final Exchange Trading Date shall be 18 February 2025.
Investors trading on a Relevant Exchange will not be able to buy or sell
Shares after 18 February 2025.

 

2)     The Final Dealing Date shall be 19 February 2025. Applications for
subscriptions and redemptions from Authorised Participants in respect of the
Final Dealing Date must be received no later than 4:00pm on 18 February 2025
(i.e. the "Dealing Deadline" applicable to the Sub- Funds as prescribed by the
Prospectus) otherwise they shall be invalid.

 

3)     The Sub-Funds 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-Funds as at 26 February 2025 (the
"Compulsory Redemption Date"), shall be compulsorily redeemed on the
Compulsory Redemption Date. The investments remaining in the Sub-Funds 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-Funds shall be de-listed from the Official List of the FCA
with effect from 4 March 2025.

6)     The proceeds of the Compulsory Redemption shall be paid on or
around 5 March 2025 (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 before the final
redemption date, the ability to meet the investment objective of the Sub-Funds
may be compromised as the underlying portfolio is liquidated 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 (NSM) and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/%23/nsm/nationalstoragemechanism) and www.lgimetf.com
(http://www.lgimetf.com/) . (http://www.lgimetf.com/)

 

FURTHER INFORMATION

Legal & General Investment Management Limited

 

Tel: 0345 070 8684

Email: fundsales@lgim.com (mailto:fundsales@lgim.com)

 

J&E Davy (Listing Sponsor)

Enquiries: Brian Garrahy

Tel: +353 1 6796363

Email: DCF@Davy.ie (mailto:DCF@Davy.ie)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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