REG - SSgA SPDR ETFs EurII - SSGA SPDR ETF Europe II plc - Delisting Notice

State StreetAnnouncement

08/10/2024 08:00

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RNS Number : 2343H  SSgA SPDR ETFs Europe II PLC  08 October 2024

RNS ANNOUNCEMENT

Date: 8 October 2024

DELISTING NOTICE

No Fund will be closed as a result of the Delisting- however Shareholders are
strongly advised to consult their brokers or financial advisors on any
necessary actions

 

Dear Shareholder,

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

 

 ISIN          Fund/Share Class Name
 IE00BFTWP510  SPDR EURO STOXX Low Volatility UCITS ETF (Acc)

(the "Fund")

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 the Fund. We hereby give you notice
that the Board of Directors of the Company have determined to delist the Fund
from a certain exchange, as outlined in Appendix 1 (the "Delisting").

 

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

 

-     In relation to Euronext Paris the Delisting will take effect on the
8 November 2024.

 

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 Fund.

 

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 the
trading line of the Fund (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

 

At least one other listing on another European exchange will be maintained for
this Fund. Details of the exchanges where listings will be maintained are set
out in Appendix 1 under the heading 'Remaining Listings'. The Fund will not be
closed as a result of the Delisting.

 

From the date of this letter up to (but excluding) the Delisting Date, you can
continue to sell Shares in the Fund on the current exchange venues. Following
the Delisting Date, you can continue to hold Shares in the Fund 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 Date.

 

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

 

Investors in the Fund 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
 IE00BFTWP510  SPDR EURO STOXX Low Volatility UCITS ETF (Acc)  Euronext Paris  ELOW FP      EUR             Xetra                                  ZPRL GY                               EUR

                                                                                                            Borsa Italiana                         ELOW IM                               EUR

                                                                                                            SIX Swiss                              ELOW SE                               CHF

 

 Exchange        Funds/Share Classes Impacted by Delisting       Trading Lines being Delisted  Last Trading Day on Exchange  Delisting Date
 Euronext Paris  SPDR EURO STOXX Low Volatility UCITS ETF (Acc)  ELOW FP                       8 October 2024                8 November 2024

 

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