Source - RNS
RNS Number : 6197M
Tenax Financials Fund plc
14 October 2016
 

                                     STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release                                                                           14 October, 2016

 

Tenax Financials Fund plc

(the "Fund")

 

Re: Change of Depositary

 

The Directors of the Fund wish to announce that with effect from 23.59 on 13 October 2016 Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A., Dublin Branch (the "New Depositary") has been appointed as depositary to the Fund, in place of UBS (Luxembourg) SA, Dublin Branch (the "Old Depositary").

 

The New Depositary has been appointed pursuant to a novation agreement between the Fund, the New Depositary, Tenax Capital Limited (the "AIFM") and the Old Depositary dated 13 October, 2016 to the depositary agreement between the Fund, the AIFM and the Old Depositary dated 14 August, 2014.

 

The New Depositary was registered in Ireland on 07 August 2014 as a branch of Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A., a public limited company (societe anonyme) in Luxembourg. Mitsubishi UFJ Investor Services & Banking (Luxembourg) S.A. is ultimately a wholly owned subsidiary of Mitsubishi UFJ Financial Group. The principal activity of the New Depositary is to act as the depositary and trustee of the assets of collective investment schemes and it is the depositary of the Fund for the purposes of the AIFMD Legislation. The New Depositary is authorised by the Central Bank of Ireland.

 

The New Depositary will receive an annual fee from the Fund of €30,000 plus VAT, if any.

 

 

 

Enquiries to;

 

 

 

 

 

 

 

J&E Davy

David Ryan

+353 1 614 8933

 

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange


This information is provided by RNS
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