REG - Invesco Markets II - Notice to Shareholders

BNP Paribas SAAnnouncement

04/10/2024 17:15

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RNS Number : 0560H  Invesco Markets II PLC  04 October 2024

 

 

 

 

 

Invesco Markets II plc

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

Telephone +353 1 439 8000 www.invesco.com (http://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 and Supplement dated 28 May 2024. 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.

4 October 2024

Invesco Markets II plc (the "Company")

 

 Fund                                                 Share Class   ISIN
 Invesco USD High Yield Corporate Bond ESG UCITS ETF  Dist          IE00BJP5NL42
 Invesco USD High Yield Corporate Bond ESG UCITS ETF  GBP Hdg Dist  IE000QXAXLT5

(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 Constitution of the Company (the
"Constitution"), it is in the best interests of the Shareholders to terminate
the Fund with effect from 6(th) November 2024 (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 Constitution and the
Prospectus, we hereby give notice of our intention, as the Board to:

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
4(th) November 2024;

 

 

 

 

 

Directors: Gary Buxton (British/Irish), Feargal Dempsey, Sarah (Katy Walton)
Jones (British), Lisa Martensson (Swedish) Invesco Markets II plc, registered
in Ireland as an open-ended variable capital umbrella investment company with
limited liability and segregated liability between sub-funds.

Registration number: 567964. Registered office: Ground Floor, 2 Cumberland
Place, Fenian Street, Dublin 2, Ireland

 

 

ii)     terminate the Fund with effect from 6 November 2024; and

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

PROPOSED TIMETABLE

 

 Key Dates                       Event
 4th November 2024 (Monday)      Final Exchange Trading Date
 5th November 2024 (Tuesday)     Final Dealing Date (Voluntary Create/Redeem)
 6th November 2024 (Wednesday)   Mandatory       Redemption       Trade       Date
                                 (and Termination Date)
 13th November 2024 (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 5 November 2024.

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 13(th) November 2024; 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 Supplement, the key
investor information documents, the latest annual and semi-annual reports and
copies of the Constitution 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 - etf.invesco.com.

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

 

 

Name: Lisa Martensson Title: Director

Date: 04/10/2024

For and on behalf of Invesco Markets II plc

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