REG - Invesco Markets II - Replacement - Index Methodology Change

Euronext NVAnnouncement

22/08/2022 16:30

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RNS Number : 8169W  Invesco Markets II PLC  22 August 2022

   Invesco Markets II plc

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

   Telephone +353 1 439 8000

   www.invesco.com

SHAREHOLDER NOTICE

 

19 August 2022

 

RE: IMII Sub-Fund Index Methodology Change Effective 31 August 2022.

 

 

Dear Sir/Madam

 

 

This is to inform the Shareholders of Invesco AT1 Capital Bond UCITS ETF (the
"Sub-fund"), a Sub-fund of Invesco Markets II plc (the "Company"), of the
following changes. Share classes along with ISINs can be found in Schedule I
attached to this notice.

 

Changes

 

1.     The methodology of the reference index tracked by the Sub-fund will
change to reflect additional ESG exclusion criteria. The supplement of the
Sub-fund will be amended accordingly to reflect these changes.

2.     The directors have determined that as a result of the addition of
ESG exclusion criteria, the Sub-fund will meet the requirements of Article 8
of Regulation (EU) 2019/2088 of the European Parliament and of the Council of
27 November 2019 on sustainability-related disclosures in the financial
services sector (the 'SFDR') (i.e. a fund that promotes environmental and/or
social characteristics, while also ensuring investee companies follow good
governance practices).  The supplement of the Sub-fund will be amended to
reflect its Article 8 categorisation under SFDR, subject to the approval of
the Central Bank of Ireland.

3.     The methodology is changing to remove the 5% issuer cap and an 8%
cap will be applied broadly. The supplement will be amended to reflect this
change.

4.     The name of the reference index will change to reflect the removal
of 5% cap and the supplement will be updated accordingly to reflect the new
index name:

 

 Current index name                                                              New index name
 iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8/5% Issuer Cap)  iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap)
 Index                                                                           Index

 

(the "Changes").

 

Please refer to the website of the index provider for further details of the
above-mentioned changes to the reference index:
https://www.markit.com/NewsInformation/GetLinkedNews/1562022Consultation-on-the-Methodology-Update-for-the-iBoxx-USD-Contingent-Convertible-Liquid-Developed-Market-AT1-8-5-Issuer-Cap-Index?Product=IBoxx
(https://www.markit.com/NewsInformation/GetLinkedNews/1562022Consultation-on-the-Methodology-Update-for-the-iBoxx-USD-Contingent-Convertible-Liquid-Developed-Market-AT1-8-5-Issuer-Cap-Index?Product=IBoxx)

 

The Changes will take effect on 31 August 2022 and the Supplements will be
amended accordingly in due course to reflect the Changes which will be
available to Shareholders free of charge.

 

Should you wish to redeem your shareholding as a result of the changes, you
may do so in accordance with the dealing provisions outlined in the
Prospectus.

 

General

 

Shareholders may obtain the Prospectus, the key investor information document,
the latest annual and semi-annual reports and copies of the constitution of
the Company free of charge from the registered office of the Manager or the
local representatives in the countries where the Company is registered as well
as from the German information agent, Marcard Stein & Co AG, Ballindamm
36, 20095 Hamburg, Germany and on the website of the Company - etf.invesco.com
or - limited to the Prospectus, the key investor information documents - on
the website of the relevant stock exchange where the Shares are listed (for
Italy, on the website of Borsa Italiana S.p.a. www.borsaitaliana.it). In
Switzerland, the Prospectus, the key investor information documents, the
latest annual and semi-annual reports and copies of the M&A may be
obtained free of charge from the Swiss Representative and Paying Agent, BNP
Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16,
8002 Zurich.

 

All capitalised terms used in this notice shall bear the same meaning as the
capitalised and defined terms used in the Prospectus and Supplement.

 

Yours faithfully

 

 

 

For and on behalf of

Invesco Markets II plc

 

 

SCHEDULE I

 

 Sub-fund                                Share class   ISIN
 Invesco AT1 Capital Bond UCITS ETF      Acc           IE00BFZPF322
 Invesco AT1 Capital Bond UCITS ETF      Dist          IE00BG0TQB18
 Invesco AT1 Capital Bond UCITS ETF      EUR Hdg Dist  IE00BFZPF439
 Invesco AT1 Capital Bond UCITS ETF      GBP Hdg Dist  IE00BYZLWM19
 Invesco AT1 Capital Bond UCITS ETF      CHF Hdg Acc   IE00BLM1CB28

 

 

 

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