THIS DOCUMENT IS IMPORTANT AND
REQUIRES YOUR IMMEDIATE ATTENTION.
If you are in any doubt about the
course of action to take in relation to this document, you should
consult your stockbroker, bank manager, solicitor, accountant or
other professional advisor.
If you have sold or transferred GBP
Hedged shares of Tabula European IG Performance Credit UCITS ETF
(EUR), please pass this document at once to the purchaser or
transferee or 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.
Please note that this notice has not
been reviewed by the Central Bank of Ireland (the “Central Bank”).
This notice may also be translated
into other languages. Any such translation shall only contain
the same information and have the same meaning as the English
language notice. To the extent that there is any
inconsistency between the English language notice and the notice in
another language, the English language notice will prevail.
If applicable, please contact your paying agent for a local
language version of this notice.
27th May 2021
Tabula ICAV (the “ICAV”)
GBP Hedged Shares of Tabula European
IG Performance Credit UCITS ETF (EUR) (ISIN: IE00BF2T2N67) (the
“Shares”)
The directors of the ICAV (the “Directors”) wish to
inform you of their decision to repurchase the Shares with effect
from 23 June 2021 (the “Closure
Date”) for the reasons set out below.
Background to the Decision
The Directors have discretion under the ICAV’s instrument of
incorporation and the prospectus to redeem all of the shares of a
class of a sub-fund. The Directors, in consultation with Tabula
Investment Management Limited (the “Investment Manager”),
have resolved to repurchase the Shares in the best interests of
shareholders.
Therefore, in accordance with the provisions of the instrument
of incorporation and the prospectus for the ICAV, the Directors
hereby give notice of their intention to:
- cancel the listing of the Shares and the right of the Shares to
be traded on any relevant stock exchanges with effect from close of
business on 21 June 2021; and
- terminate the Shares with effect from 23
June 2021; and
- proceed with the compulsory redemption of all outstanding
Shares.
Proposed Timetable
Date |
Event |
21 June 2021 |
Final exchange trading date |
22 June 2021 |
Final dealing date (voluntary) |
23 June 2021 |
Mandatory redemption trade date (and
Closure Date) |
7 July 2021 |
Redemption settlement date |
Additional Information
Requests for repurchase or subscription for Shares may be made
in the usual manner in accordance with the prospectus for the ICAV
and the supplement until 22 June
2021.
The following terms and conditions of the compulsory redemption
of Shares shall apply as at the Closure Date:
- the repurchase price for the Shares will be determined by
reference to the Net Asset Value of the Shares as of the Closure
Date. The costs in relation to the termination will be borne by the
Investment Manager;
- no repurchase charge will be applied;
- the repurchase proceeds will be paid in the class currency;
and
- the payment of the repurchase proceeds resulting from the
compulsory repurchase will take place on or around 7 July 2021.
Shareholders may obtain the prospectus, a copy of the
supplement, the key investor information documents, the latest
annual and semi-annual reports and copies of the instrument of
incorporation free of charge from the registered office of the ICAV
or the local representatives in the countries where the ICAV is
registered and where applicable on the website of the ICAV –
www.tabulaim.com.
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.
All capitalised terms used in this notice shall bear the same
meaning as the capitalised and defined terms used in the prospectus
of the ICAV and in the supplement.
If you have any queries arising from this notice, please call
the Investment Manager on +44 203 909 4700 or contact us at
capmarkets@tabulaim.com
Yours sincerely
_________________
For and on behalf of
Tabula ICAV