23 September 2016
GO UCITS ETF SOLUTIONS PLC
The Company announces that a notification has been posted to shareholders of the ROBO Global® Robotics and Automation GO UCITS ETF.
NOTICE TO SHAREHOLDERS IN THE FOLLOWING SUB-FUND OF THE COMPANY:
The Directors of GO UCITS ETF Solutions Plc (the "Company") wish to inform you of the Company's intention to change (i) the standard settlement time for redemptions; (ii) the Minimum Subscription Amount and Minimum Redemption Amount; and (iii) the methodology for the calculation of the Fund's global exposure generated through the use of financial derivative instruments with respect to the ROBO Global® Robotics and Automation GO UCITS ETF (the "Fund").
The supplement for the Fund (the "Fund Supplement") currently provides that the settlement of subscriptions and redemptions must generally occur within two Business Days after the relevant Dealing Day (unless otherwise agreed with the Manager or its delegate). It is proposed that the Fund Supplement be updated to reflect that the settlement of redemptions shall generally occur within three Business Days after the relevant Dealing Day (unless otherwise agreed with the Manager or its delegate). No change is proposed with respect to the settlement of subscriptions.
The Fund Supplement also currently provides that the Minimum Subscription Amount and the Minimum Redemption Amount is "USD 1,000,000" (i.e. a monetary amount). It is proposed that the Minimum Subscription Amount and the Minimum Redemption Amount shall be expressed as "100,000 Shares".
Finally, the Directors of the Company wish to supplement the notification in respect of the Fund dated 01 September 2016 by informing you that, as part of the transition of the primary investment strategy for the Fund from a primarily swap-backed replication strategy to a primarily physical replication strategy, the methodology for the calculation of the Fund's global exposure generated through the use of financial derivative instruments will be changed from the relative value-at-risk methodology to the commitment approach methodology.
It is proposed that the above-mentioned changes take effect on 07 October 2016 and that the Fund Supplement be updated on or shortly after that date.
Further information and copies of the updated Fund Supplement will be made available in due course at:
· the office of the Manager (GO ETF Management Limited) at 33 Sir John Rogerson's Quay, Dublin 2, Ireland;
· the office of the Distributor (ETF Securities (UK) Limited) at 3 Lombard Street, London, EC3V 9AA, United Kingdom; and
· the offices of the relevant paying and information agents relevant to each country in which the Fund has been registered for public distribution.
Should you have any queries, please do not hesitate to contact:
Tel: +44 20 7448 4330
Email: [email protected]
A copy of the notification will be submitted to the National Storage Mechanism where it is available for inspection at: http://www.morningstar.co.uk/uk/nsm
This information is provided by RNS