REG - SSgA SPDR ETFs EurI - Delistings SPDR ETFs I 2024

State StreetAnnouncement

10/04/2024 08:15

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RNS Number : 9235J  SSgA SPDR ETFs Europe I PLC  10 April 2024

RNS ANNOUNCEMENT

Date: 10 April 2024

 

 

SSGA SPDR ETFs Europe I plc (the "Company")

 

 

 ISIN          Fund/Share Class Name
 IE00BYSZ5V04  SPDR Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF (Dist)
 IE00BYSZ5T81  SPDR Bloomberg 7-10 Year U.S. Treasury Bond UCITS ETF (Dist)
 IE00B6YX5J02  SPDR Bloomberg China Treasury Bond UCITS ETF (Acc)
 IE00B466KX20  SPDR MSCI EM Asia UCITS ETF
 IE00BZ0G8C04  SPDR MSCI Japan EUR Hdg UCITS ETF

(together the "Funds")

 

If you have sold or transferred all of your shares in the Fund, please pass
this document at once 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

 

We are writing to you as a Shareholder in one or more of the Funds. We hereby
give you notice that the board of Directors of the Company have determined to
delist the Funds from certain exchanges, as outlined in Appendix 1 (the
"Delisting").

 

The Delisting will take effect on the following dates or any such date as may
be determined by the Board and notified in advance to you (the "Delisting
Dates"):

 

·      In relation to the London Stock Exchange and Euronext Paris the
Delisting will take effect on 10th May.

·      In relation to the Borsa Italiana, the delisting will be
effective on July 10th as requested by the Issuer to Borsa Italiana.

 

The Delisting is on the recommendation of State Street Global Advisors Europe
Limited, which acts as investment manager to the Funds (the "Investment
Manager") and is in accordance with the terms of the Prospectus and the
Company's memorandum and articles of association. Having consulted with the
Investment Manager, the Directors are of the opinion that the Delisting is in
the best interests of Shareholders of the Funds.

 

The Investment Manager is of the view that the Company should aim to list
Shares on exchanges where there is sufficient demand, concentrated liquidity
and where trades can be made with competitive spreads. In order to achieve
this, the Directors and the Investment Manager regularly review the Shares
available to investors and the exchanges on which they are listed.

 

Following a recent review, the Directors have decided to apply to delist some
trading lines of the Funds (see Appendix 1) in order to concentrate liquidity
on a smaller number of exchanges and to reduce spreads rather than having
listings on a larger number of exchanges with lower volumes. Maintaining
listings which only have small volumes of trading can result in reduced
liquidity at a higher price.

For each Fund that will be delisted, there will be at least one other listing
on another European exchange that will be maintained. Details of the exchanges
where listings will be maintained are set out in Appendix 1 under the heading
'Remaining Listings'. No Fund will be closed as a result of the Delisting.

 

From the date of this letter up to (but excluding) the Delisting Dates, you
can continue to sell Shares in the Funds on the current exchange venues.
Following the Delisting Dates, you can continue to hold Shares in the Funds
that have been delisted but you will no longer be able to sell those Shares on
the exchanges from which they will be delisted. You will be able to sell those
Shares on any of the other exchanges on which they remain listed but there may
be additional costs associated with using another exchange. In view of the
above, Shareholders are strongly advised to consult with their brokers or
financial advisors on the options available to them and obtain the necessary
advice.

 

You do not need to take any action in response to this notice and no
Shareholder meeting or vote is required. You should consult your
broker/advisor to discuss gaining access to alternative exchanges following
the Delisting or whether it would be more appropriate for you to sell your
holding prior to the Delisting Dates.

 

It should be noted that the Delisting applies to the stated Funds and
exchanges only and does not affect shareholdings in any other sub-funds of the
Company.

 

Investors in the Funds are advised to consult their tax advisers regarding the
effect of the Delisting in light of their individual circumstances. Should you
have any queries, please contact the SPDR ETF Sales and Support team at
spdrseurope@ssga.com.

 

Appendix 1

 

                                                                             Delistings                                   Remaining Listings
 ISIN          Fund/Share Class Name                                         Exchange        Ticker   Trading  Currency   Exchange                               Ticker                                Trading Currency
 IE00BYSZ5V04  SPDR Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF (Dist)   Borsa Italiana  LUTR IM      EUR             Xetra                                  SPPX GY                               EUR

                                                                                                                          LSE                                    LUTR LN                               USD
 IE00BYSZ5T81  SPDR Bloomberg 7-10 Year U.S. Treasury Bond UCITS ETF (Dist)  Borsa Italiana  TRSX IM      EUR             Xetra                                  SPP7 GY                               EUR

                                                                                                                          LSE                                    TRSX LN                               USD

 IE00B6YX5J02  SPDR Bloomberg China Treasury Bond UCITS ETF (Acc)            Borsa Italiana  CHNT IM      EUR             Xetra                                  SPP8 GY                               EUR

                                                                                                                          LSE                                    CHGT LN                               GBP

                                                                                                                          LSE                                    CHNT LN                               USD

                                                                                                                          SIX Swiss                              CHNT SE                               USD
 IE00B466KX20  SPDR MSCI EM Asia UCITS ETF                                   Euronext Paris  EMAE FP      EUR             Xetra                                  SPYA GY                               EUR

                                                                                                                          LSE                                    EMAS LN                               GBP

                                                                                                                          LSE                                    EMAD LN                               USD

                                                                                                                          SIX Swiss                              EMAS SE                               CHF

                                                                                                                          Borsa Italiana                         EMAE IM                               EUR

                                                                                                                          Bolsa Mexicana                         EMADN MM                              MXN
 IE00BZ0G8C04  SPDR MSCI Japan EUR Hdg UCITS ETF                             LSE             JPEH LN      EUR             Xetra                                  ZPDW GY                               EUR

                                                                                                                          Borsa Italiana                         JPEH IM                               EUR

 

 Exchange        Funds/Share Classes Impacted by Delisting                      Trading Lines being Delisted  Last Trading Day on Exchange  Delisting Date
 LSE             SPDR MSCI Japan EUR Hdg UCITS ETF                              JPEH LN                       9 May 2024                    10 May 2024
 Euronext Paris  SPDR MSCI EM Asia UCITS ETF                                    EMAE FP                       9 May 2024                    10 May 2024
 Borsa Italiana  SPDR Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF (Dist)    LUTR IM                       9 July 2024                   10 July 2024

                 SPDR Bloomberg 7-10 Year U.S. Treasury Bond UCITS ETF (Dist)

                 SPDR Bloomberg China Treasury Bond UCITS ETF (Acc)             TRSX IM

                                                                                CHNT IM

 

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