Xtrackers (IE) plc Important Notice to the Shareholders
20 September 2019 - 10:00AM
UK Regulatory
TIDMXFEW
Xtrackers (IE) plc
Investment Company with Variable Capital
Registered Office: 78 Sir John Rogerson's Quay, Dublin 2,
Ireland
Registration number: 393802
(the "Company")
Important notice to the Shareholders of
Xtrackers FTSE 100 Equal Weight UCITS ETF
(ISIN: IE00BZ0CYG46)
Xtrackers Morningstar US Quality Dividend UCITS ETF
(ISIN: IE00BD6GC517)
Xtrackers Morningstar Global Quality Dividend UCITS ETF
(ISIN: IE00BYQLL121)
(each the "Fund", together the "Funds" or the "Terminating
Funds")
20 September 2019
This notice is to inform you on behalf of the board of directors
of the Company (the "Board of Directors") about recent developments
in respect of the Funds in which you hold Shares.
Capitalised terms used in this notice have the same meaning as
in the latest version of the prospectus of the Company (the
"Prospectus") unless the context otherwise requires.
The Board of Directors deems it appropriate to close the
Terminating Funds because there have been persistently low levels
of demand and fund sizes have consistently remained below the
Minimum Fund Size outlined in the Terminating Funds' supplements.
As such the Terminating Funds cannot be operated in an economically
efficient manner. The closure of Funds with sustained low levels of
demand is an ordinary part of the business, along with the launch
of new Funds where high levels of demand exist.
Consequently, and in accordance with the applicable provisions
of the articles of association of the Company (the "Articles") and
the Prospectus, the Board of Directors has resolved to terminate
the Funds with effect from 11 October 2019 (the "Termination Date")
and to proceed with the compulsory repurchase of all outstanding
Shares of the Funds. The last Net Asset Value of each Fund will be
calculated as of 11 October 2019.
As such, the Funds will be de-listed from the stock exchanges on
which they are listed and trading on those stock exchanges will
cease with effect from close of business on 04 October 2019 (the
"Last Trading Day"). Therefore, sale or purchase of Shares in the
Terminating Funds in the secondary market may only be made until
close of business on the Last Trading Day. For the avoidance of
doubt, the secondary market includes both trades on the relevant
stock exchanges and any over-the-counter trades.
Requests for repurchase or subscription for Shares in the
Terminating Funds in the primary market may be made in the usual
manner for processing in accordance with the Prospectus prior to
the Cut-off Time on 07 October 2019. However, the liquidation costs
(if any) will be taken into account in the Repurchase Price. From
and including 08 October 2019 to the Termination Date, no further
subscriptions and repurchases will be accepted.
Please see below for a summary of the information above:
Fund ISIN Stock Last Trading Applicable Termination
Exchanges Day on Cut-off Date
from which Stock Time and
Fund is Exchanges Date for
to be from which primary
delisted Fund is market
to be delisted orders
(Dublin
time)
Xtrackers IE00BZ0CYG46 Irish 04 October 15:30, 07 11 October
FTSE Stock 2019 October 2019
100 Equal Exchange, 2019
Weight UCITS London
ETF Stock
Exchange
Xtrackers IE00BD6GC517 London 04 October 16:30, 07 11 October
Morningstar Stock 2019 October 2019
US Quality Exchange, 2019
Dividend XETRA
UCITS
ETF
Xtrackers IE00BYQLL121 London 04 October 16:30, 07 11 October
Morningstar Stock 2019 October 2019
Global Exchange, 2019
Quality XETRA
Dividend
UCITS ETF
The following terms and conditions of the compulsory repurchase
have been determined in accordance with the Articles and shall
apply as of the Termination Date of each Fund:
Shareholders who subscribe or redeem Shares in the Funds on the
primary market are entitled to redeem their Shares in the Funds in
accordance with the Prospectus as indicated above.
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.
Any further information in relation to the Terminating Funds may
be obtained by contacting the Xtrackers ETF hotline on +44 (20)
7547 1747 or +49 (69) 910 30549, offices of foreign representatives
or by sending an email to Xtrackers@dws.com.
Shareholders should seek advice from their stockbroker, bank
manager, legal advisor, accountant or other independent financial
advisor. 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.
Neither the contents of the Company's website nor the contents
of any other website accessible from hyperlinks on the Company's
website is incorporated into, or forms part of, this
announcement.
Director
for and on behalf of
Xtrackers (IE) plc
Registered in Dublin as an open-ended variable capital umbrella
investment company with limited liability and as an umbrella fund
with segregated liability between sub-funds. Regulated by the
Central Bank of Ireland.
Registration Number 393802. Registered Office as above.
Directors: Tom Murray (Irish), Michael Whelan (Irish), Gerry
Grimes (Irish), Alex McKenna (UK), Manooj Mistry (UK)
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190920005025/en/
This information is provided by Business Wire
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