REG - HSBC ETFs PLC - Scheme of arrangement

Beacon Rise HoldingsAnnouncement

12/03/2020 11:21

RNS Number : 1943D
HSBC ETFs PLC
17 February 2020
 


HSBC ETFs plc
17 February 2020
RNS ANNOUNCEMENT
HSBC ETFs plc (the "Company") - Announcement of the Effective Date of a scheme of arrangement (the "Scheme") to change the share settlement structure of the Company to centralise the settlement of shares of certain sub-funds of the Company within an International Central Securities Depositary ("ICSD") settlement model (the "ICSD Settlement Model")
17 February 2020
The Scheme, as described in the circular issued to shareholders of the Company dated 18 November 2019, was approved by the High Court of Ireland on 14 February 2020. The Scheme is scheduled to become effective at 00.01 a.m. on Monday, 23 March 2020 (the "Effective Date").
Currently, the sub-funds in the Company (the "Sub-Funds") operate under different settlement structures: there are a mix of sub funds that do not use the ICSD Settlement Model (the "Non-ICSD Sub-Funds") and eight sub-funds that will upon launch use the ICSD Settlement Model ("ICSD Sub-Fund"), as listed below.
1.         Non-ICSD Sub-Funds ("Converting Sub-Funds"): 
The following Non-ICSD Sub-Funds of the Company will convert to the ICSD Settlement Model on the Effective Date: 
 




Converting Sub-Funds


ISIN





HSBC ECONOMIC SCALE WORLDWIDE EQUITY UCITS ETF


IE00BKZG9Y92




HSBC EURO STOXX 50 UCITS ETF


IE00B4K6B022




HSBC FTSE 100 UCITS ETF


IE00B42TW061




HSBC FTSE 250 UCITS ET


IE00B64PTF05




HSBC FTSE EPRA NAREIT DEVELOPED UCITS ETF


IE00B5L01S80




HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF


IE00BBQ2W338




HSBC MSCI BRAZIL UCITS ETF


IE00B5W34K94




HSBC MSCI CANADA UCITS ETF


IE00B51B7Z02




HSBC MSCI CHINA A INCLUSION UCITS ETF


IE00BF4NQ904




HSBC MSCI CHINA UCITS ETF


IE00B44T3H88




HSBC MSCI EMERGING MARKETS UCITS ETF


IE00B5SSQT16




HSBC MSCI EM FAR EAST UCITS ETF


IE00B5LP3W10




HSBC MSCI EM LATIN AMERICA UCITS ETF


IE00B4TS3815




HSBC MSCI EUROPE UCITS ETF


IE00B5BD5K76




HSBC MSCI INDONESIA UCITS ETF


IE00B46G8275




HSBC MSCI JAPAN UCITS ETF


IE00B5VX7566




HSBC MSCI KOREA UCITS ETF


IE00B3Z0X395




HSBC MSCI MALAYSIA UCITS ETF


IE00B3X3R831




HSBC MSCI MEXICO CAPPED UCITS ETF


IE00B3QMYK80




HSBC MSCI PACIFIC ex JAPAN UCITS ETF


IE00B5SG8Z57




HSBC MSCI RUSSIA CAPPED UCITS ETF


IE00B5LJZQ16




HSBC MSCI SOUTH AFRICA CAPPED UCITS ETF


IE00B57S5Q22




HSBC MSCI SAUDI ARABIA 20/35 CAPPED UCITS ETF


IE00BGHHCV04




HSBC MSCI TAIWAN CAPPED UCITS ETF


IE00B3S1J086




HSBC MSCI TURKEY UCITS ETF


IE00B5BRQB73




HSBC MSCI USA UCITS ETF


IE00B5WFQ436




HSBC MSCI WORLD UCITS ETF


IE00B4X9L533




HSBC S&P 500 UCITS ETF


IE00B5KQNG97




HSBC MULTI FACTOR WORLDWIDE EQUITY UCITS ETF


IE00BKZGB098



 
2.         ICSD Sub-Fund
As at the date of this announcement, the ICSD Sub-Funds listed below have not yet launched. It is intended that they will use the ICSD Settlement Model upon launch, however they will not be impacted by the Scheme to convert the Non-ICSD Sub-Funds to the ICSD Settlement Model.
 




ICSD Sub-Funds


ISIN





HSBC ASIA ex JAPAN SUSTAINABLE EQUITY UCITS ETF


IE00BKY58G26
                    




HSBC DEVELOPED WORLD SUSTAINABLE EQUITY UCITS ETF


IE00BKY59K37




HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF


IE00BKY59G90




HSBC EUROPE ex UK SUSTAINABLE EQUITY UCITS ETF


IE00BKY58625




HSBC EUROPE SUSTAINABLE EQUITY UCITS ETF


IE00BKY55W78




HSBC JAPAN SUSTAINABLE EQUITY UCITS ETF       


IE00BKY55S33




HSBC UK SUSTAINABLE EQUITY UCITS ETF 


IE00BKY53D40




HSBC USA SUSTAINABLE EQUITY UCITS ETF     


IE00BKY40J65



 
Further guidance on the implementation and expected changes will be published on https://www.etf.hsbc.com in early March 2020.
 
Further Information
 
HSBC ETFs plc                                                25/28 North Wall Quay                          +353 1 635 6000*                                                          IFSC, Dublin 1
 
J&E Davy (Sponsor)
Fergal Meegan / Brian Garrahy                                                                              +353 1 679 6363*
 
 
* Calls may be recorded
 
 
Notes to editors:
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in established markets.
 
Exchange Traded Funds (ETFs) from HSBC Group
HSBC ETFs Plc is an investment company with variable capital incorporated in Ireland as a public limited company and is authorised by the Central Bank of Ireland as a UCITS pursuant to the UCITS Regulations. The Company is constituted as an umbrella fund, with segregated liability between sub-funds. Shares purchased on the secondary market cannot usually be sold directly back to the Company. Investors must buy and sell shares on the secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current Net Asset Value per share when buying shares and may receive less than the current Net Asset Value per Share when selling them.  The indicative intra-day net asset value of the sub-funds is available on at least one major market data vendor terminal such as Bloomberg, as well as on a wide range of websites that display stock market data, including www.reuters.com.  UK based investors in the Company are advised that they may not be afforded some of the protections conveyed by the Financial Services and Markets Act (2000), (the "Act"). The Company is recognised in the United Kingdom by the Financial Conduct Authority under section 264 of the Act. The shares in the Company have not been and will not be offered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United States Persons. Affiliated companies of HSBC Investment Funds (Luxembourg) S.A. may make markets in the Company. All applications are made on the basis of the current Prospectus of the Company, relevant Key Investor Information Document ("KIID"), Supplementary Information Document (SID) and the relevant Fund supplement, and most recent annual and semi-annual reports, which can be obtained upon request free of charge from HSBC Securities Services (Ireland) DAC by emailing ifsinvestorqueries@hsbc.com, or by visiting www.etf.hsbc.com, or from a stockbroker or financial adviser. Investors and potential investors should read and note the risk warnings in the Prospectus, relevant KIID and Fund supplement (where available) and additionally, in the case of retail clients, the information contained in the supporting SID.
  
HSBC Global Asset Management
HSBC Global Asset Management should be referred to in full at all times to avoid confusion with any other financial services firms.
 
HSBC Global Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC's worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Global Asset Management connects HSBC's clients with investment opportunities around the world through an international network of offices in 26 countries and territories, delivering global capabilities with local market insight.
 
As at 30 September 2019, HSBC Global Asset Management managed assets totalling US$512bn on behalf of its clients. For more information see www.global.assetmanagement.hsbc.com.
 
HSBC Global Asset Management is the marketing name for the asset management businesses of HSBC Holdings plc.  
 
The HSBC Group
 
HSBC Holdings plc
 
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 65 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,728bn at 30 September 2019, HSBC is one of the world's largest banking and financial services organisations.
 
 
 
 
 




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