28th Feb 2013 07:00
MULTI UNITS Luxembourg
Société d'Investissement à Capital Variable
Registered office: 16, Boulevard Royal, L - 2449 Luxembourg
R.C.S. Luxembourg B-115 129
(the "Company")
February 28, 2013
NOTICE TO THE SHAREHOLDERS OF THE SUB-FUNDS AS LISTED BELOW (the "Sub-Funds")
NAME OF THE SUB-FUND | ISIN |
Listing Places |
MULTI UNITS LUXEMBOURG - LYXOR ETF EURO STOXX 50 TR - C-EUR | LU0533031968 |
NYSE Euronext Paris London Stock Exchange
|
MULTI UNITS LUXEMBOURG - LYXOR ETF S&P GSCI AGRICULTURE & LIVESTOCK 3 MONTH FORWARD - C-USD
| LU0692028615 | Luxembourg Stock Exchange London Stock Exchange |
MULTI UNITS LUXEMBOURG - LYXOR ETF S&P GSCI Aggregate Inverse 1 Month Forward - C-USD
| LU0721446861 | Luxembourg Stock Exchange London Stock Exchange |
MULTI UNITS LUXEMBOURG - LYXOR ETF S&P GSCI INVERSE AGRICULTURE & LIVESTOCK 1 MONTH FORWARD - C-USD
| LU0692027484 | Luxembourg Stock Exchange London Stock Exchange |
MULTI UNITS LUXEMBOURG - LYXOR ETF S&P GSCI INVERSE INDUSTRIAL METALS 1 MONTH FORWARD - C-USD
| LU0692029852 | Luxembourg Stock Exchange London Stock Exchange |
The board of directors of the Company (the "Board of Directors") hereby informs the shareholders of the Sub-Funds (the "Shareholders") of the following:
The Board of Directors has been informed that (i) the value of the net assets in the Sub-Funds has decreased to an amount determined by the directors to be below the minimum level for such Sub-Funds to be operated in an economically efficient manner and (ii) current changes in the economic or political situation relating to the Sub-Funds concerned would likely have material adverse consequences on the investments of that Sub-Funds.
Taking note of the situation, the Board of Directors has resolved, pursuant to Article 35 of the Company's articles of incorporation, to compulsorily redeem all the shares of all the classes issued in the Sub-Funds and to liquidate the Sub-Funds effective on April 5, 2013.
The last net asset value of the Sub-Funds will be calculated on April 8, 2013, on the basis of the valuation of the assets on April 5, 2013.
The Board of Directors remind the Shareholders that The Sub-Funds are listed on the stock exchanges as set out in the table above.
The Board of Directors will request or have requested the delisting of the shares, to the relevant stock exchange.
The delisting of the Sub-Funds from all stock exchanges as listed in the table above, including from the official list of the Luxembourg Stock Exchange and their withdrawal from the trading on the BdL Market of the Luxembourg Stock Exchange will be effective on April 2, 2013.
The Board of Directors informs the Shareholders that the expenses in relation to the liquidation of the Sub-Funds will be borne by the management company, Lyxor Asset Management Luxembourg S.A..
It is foreseen that the liquidation proceeds will be paid to Shareholders on or about April 12, 2013.
Proceeds which cannot be distributed to the Shareholders will be deposited with the Caisse de Consignation for the benefit of the Shareholder. Amounts so deposited shall be forfeited in accordance with Luxembourg Law.
In accordance with regulatory requirements, the liquidation of the Sub-Fund should be closed within 9 months of the effective date, such period of time being extendable subject to regulatory approval.
Should you need any further information, please do not hesitate to contact the management company, Lyxor Asset Management Luxembourg S.A. by mail at [email protected].
For MULTI UNITS LUXEMBOURG
The Board of Directors
Related Shares:
Amundi Euro 50t