REG - Legal&Gen UCITS ETF - Notice to the Shareholders

Legal & GeneralAnnouncement

14/06/2022 11:00

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RNS Number : 7975O  Legal & General UCITS ETF PLC  14 June 2022

14 June 2022

 

Legal & General UCITS ETF Plc

(the "Company")

 

Notice to the shareholders of the L&G Europe Equity (Responsible
Exclusions) UCITS ETF and the L&G US Equity (Responsible Exclusions) UCITS
ETF (respectively, the "Shareholders", the "Sub-Funds")

 

The Company announces that a notification has been posted to the Shareholders
informing them of certain changes that will be made by the index
administrator, Foxberry Limited ("Foxberry"), to the benchmark indices of the
Sub-Funds of the Company (the "Indices"):

 ISIN          Sub-Fund                                                  Index
 IE00BKLTRN76  L&G Europe Equity (Responsible Exclusions) UCITS ETF      Foxberry Sustainability Consensus Europe Total Return Index
 IE00BKLWY790  L&G US Equity (Responsible Exclusions) UCITS ETF          Foxberry Sustainability Consensus US Total Return Index

 

The changes are anticipated to take effect on 17 June 2022.

Foxberry is amending the methodology for the Indices so that the Indices meet
the requirements for EU Paris-aligned Benchmarks 1  (#_ftn1) . The updated
methodologies for the Indices contain exclusions designed to meet or exceed
the exclusions and decarbonisation trajectory of EU Paris-aligned Benchmarks.
Further information in relation to the change is available at the Foxberry
website at the following links:
https://foxberry.com/governance/sustainability_committee/Foxberry_Sustainability_Committee.pdf
(https://foxberry.com/governance/sustainability_committee/Foxberry_Sustainability_Committee.pdf)
;
https://foxberry.com/governance/consultations/concluding_index_consultation_on_sustainability_consensus_paris_alignment.pdf
(https://foxberry.com/governance/consultations/concluding_index_consultation_on_sustainability_consensus_paris_alignment.pdf)
;
https://foxberry.com/governance/consultations/Sustainability_Committee_Paris_Alignment.pdf
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Ffoxberry.com%2Fgovernance%2Fconsultations%2FSustainability_Committee_Paris_Alignment.pdf&data=05%7C01%7CDeborah.OCarroll%40lgim.com%7Cc8bac1ad9c4c4e21c0a408da49384fde%7Cd246baabcc004ed2bc4ef8a46cbc590d%7C0%7C0%7C637902805219522206%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=GGbbaQ2SbZ8P1WgU6H27DyTUOnHMzHv0PVtqPAQY5a4%3D&reserved=0)
.

The costs of realignment will form part of the quarterly rebalance and, as
such, will be paid out of the Sub-Funds.

It is not expected that the changes to the Indices will result in a change to
the Synthetic Risk Reward Indicator ("SRRI") as reflected in the Key Investor
Information Document of each Sub-Fund ("KIIDs") (the SRRI as reflected in the
KIIDs will remain at 6).

A copy of the notification will be submitted to the National Storage Mechanism
where it is available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

A copy of the Notice can also be found at: www.lgim.com (http://www.lgim.com)
.

FURTHER INFORMATION

Should you have any queries, please do not hesitate to contact:

Legal & General Investment Management Limited

Tel: + 44 (0) 345 070 8684

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

 

J&E Davy (Listing Sponsor)

Enquiries: Brian
Garrahy

Tel: +353 1 6796363

 

 

 1  (#_ftnref1) These requirements are set out in the Commission Delegated
Regulation (EU) 2020/1818 supplementing Regulation (EU) 2016/1011 of the
European Parliament and European Council with regards to the minimum standards
for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks.

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