LONDON--(BUSINESS WIRE)--
db x-trackers
Investment company with variable capital
Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg
R.C.S. Luxembourg B-119.899
(the “Company”)
IMPORTANT NOTICE TO SHAREHOLDERS OF THE FOLLOWING SUB-FUNDS:
db x-trackers CSI300 Banks UCITS ETF
db x-trackers CSI300 Real Estate UCITS ETF
db x-trackers CSI300 Materials UCITS ETF
db x-trackers CSI300 Transportation UCITS ETF
db x-trackers CSI300 Energy UCITS ETF
db x-trackers CSI300 Utilities UCITS ETF
db x-trackers CSI300 Industrials UCITS ETF
db x-trackers CSI300 Financials UCITS ETF
db x-trackers CSI300 Consumer Discretionary UCITS ETF
db x-trackers CSI300 Health Care UCITS ETF s
db x-trackers MSCI AC Asia Ex Japan High Dividend Yield Index UCITS ETF
db x-trackers MSCI AC Asia Pacific Ex Japan Index UCITS ETF
(each a “Terminating Sub-Fund” and together the “Terminating Sub-Funds”)
IMPORTANT NOTICE TO SHAREHOLDERS OF THE FOLLOWING SHARE CLASSES:
db x-trackers MSCI India Index UCITS ETF – 2C Share Class only
db x-trackers MSCI Bangladesh IM Index UCITS ETF – 2C Share Class only
db x-trackers MSCI Pakistan IM Index UCITS ETF – 2C Share Class only
db x-trackers MSCI EM Asia Index UCITS ETF – 2C Share Class only
db x-trackers MSCI Emerging Markets Index UCITS ETF – 2C Share Class only
(each a “Terminating Share Class” and together the “Terminating Share Classes”)
12 June 2017
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 Terminating Sub-Funds and the Terminating Share Classes in which you hold Shares.
Capitalised terms used in this notice shall have the same meaning ascribed to them in the latest version of the prospectus of the Company (the “Prospectus”) unless the context otherwise requires.
Having taken into account the interests of the Shareholders of the Terminating Sub-Funds and the Terminating Share Classes, as set out below, and after considering various factors, including the current level of Net Asset Value of each Terminating Sub-Fund and each Terminating Share Class, the Board of Directors has resolved to close each Terminating Sub-Fund and each Terminating Share Class and to proceed with the compulsory redemption of all outstanding Shares of each Terminating Sub-Fund and each Terminating Share Class with effect from 19 July 2017 (the “Compulsory Redemption Date”) in accordance with the applicable provisions of the Articles of Incorporation and the Prospectus (the “Terminations”).
1. The Terminating Sub-Funds
| Sub-Fund | ISIN | ||
| db x-trackers CSI300 Banks UCITS ETF | LU0460388514 | ||
| db x-trackers CSI300 Real Estate UCITS ETF | LU0460390338 | ||
| db x-trackers CSI300 Materials UCITS ETF | LU0460390924 | ||
| db x-trackers CSI300 Transportation UCITS ETF | LU0460388274 | ||
| db x-trackers CSI300 Energy UCITS ETF | LU0488319822 | ||
| db x-trackers CSI300 Utilities UCITS ETF | LU0488319582 | ||
| db x-trackers CSI300 Industrials UCITS ETF | LU0488320671 | ||
| db x-trackers CSI300 Financials UCITS ETF | LU0488320242 | ||
| db x-trackers CSI300 Consumer Discretionary UCITS ETF | LU0460388944 and LU0781021950 | ||
| db x-trackers CSI300 Health Care UCITS ETF | LU0460389678 and LU0781022339 | ||
| db x-trackers MSCI AC Asia Ex Japan High Dividend Yield Index UCITS ETF | LU0592215825 and LU0592216120 | ||
| db x-trackers MSCI AC Asia Pacific Ex Japan Index UCITS ETF | LU0659578925 |
2. The Terminating Share Classes
For the avoidance of doubt, the compulsory redemption of the Terminating Share Classes only relates to the Terminating Share Classes themselves and not to the sub-funds of the Terminating Share Classes as a whole. The termination of the Terminating Share Classes has no impact on the remaining share classes of those sub-funds.
| Sub-Fund | Share Class | ISIN |
| db x-trackers MSCI India Index UCITS ETF | 2C | LU0514695344 |
| db x-trackers MSCI Bangladesh IM Index UCITS ETF | 2C | LU0755277992 |
| db x-trackers MSCI EM Asia Index UCITS ETF | 2C | LU0455009000 |
| db x-trackers MSCI Emerging Markets Index UCITS ETF | 2C | LU0455009778 |
| db x-trackers MSCI Pakistan IM Index UCITS ETF | 2C | LU0755278701 |
Trading on all relevant stock exchanges will cease with effect from close of trading on 12 July 2017 (the "Last Trading Day"). Therefore, sale or purchase of Shares in the Terminating Sub-Funds and Terminating Share Classes in the secondary market may only be made until close of trading on the relevant stock exchange 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. One of the Terminating Sub-Funds (db x-trackers MSCI AC Asia Ex Japan High Dividend Yield Index UCITS ETF) is listed on the United Kingdom Listing Authority's Official List and as a result of the Terminations, it will be de-listed from the Official List with effect from 8.00am on 13 July 2017.
Requests for redemption for Shares in each Terminating Sub-Fund and each Terminating Share Class in the primary market, where applicable, may be made in the usual manner for processing in accordance with the Prospectus until the applicable cut-off on 12 July 2017. However, the liquidation costs, if any, will be taken into account in the Redemption Price. After the applicable cut-off on 13 July 2017, no further redemptions and subscriptions will be accepted.
The following terms and conditions of the Terminations as a result have been determined in accordance with article 21 of the Articles of Incorporation and shall apply as of the Compulsory Redemption Date:
1. each Terminating Sub-Fund and each Terminating Share Class shall be liquidated and the Redemption Price for each Class of Shares of each of the Terminating Sub-Funds and for each Terminating Share Class will be determined by reference to the Net Asset Value of the respective Class of Shares of each Terminating Sub-Fund and of the respective Terminating Share Class as of the Compulsory Redemption Date (the “Reference NAV”). The Reference NAV of each Terminating Sub-Fund and each Terminating Share Class will be calculated in the relevant Reference Currency and will take into account, amongst other expenses, all costs resulting from the anticipated realisation and liquidation of the remaining investments of each of the Terminating Sub-Funds and/or Terminating Share Classes (as applicable);
2. no Redemption Charge will be applied;
3. the Redemption Proceeds will be paid in the relevant Reference Currency;
4. the payment of the Redemption Proceeds resulting from the compulsory redemption will take place at the latest 10 Luxembourg Business Days after the Compulsory Redemption Date (the “Payment Date”). It should be noted that payment of the Redemption Proceeds to Shareholders who hold shares via intermediaries may take longer than 10 Luxembourg Business Days; and
5. the Redemption Proceeds relating to Shares for which payment to Shareholders could not be made (if any), will be deposited with the Caisse de Consignation in Luxembourg on behalf of the persons entitled thereto as soon as possible after the Payment Date and in any event before the closure of the liquidation procedure.
Shareholders who subscribe or redeem in any of the Terminating Sub-Funds and/or Terminating Share Classes on the primary market, where applicable, are entitled to redeem their Shares in the relevant Terminating Sub-Fund and/or Terminating Share Class in accordance with the Prospectus as indicated above. Please note that the Company does not charge any redemption 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 such orders in the secondary market may incur costs over which the Company has no control and to which the above disapplication of the Redemption Charge does not apply.
Any further information in relation to the Terminations may be obtained from the legal entities mentioned under ‘Contact information’ below, the offices of foreign representatives or by sending an email to info.dbx-trackers@db.com.
If, after reading this notice, you have further questions then please do not hesitate to contact the db x-trackers ETF hotline on +44 (20) 7547 1747 or +49 (69) 910 30549.
Shareholders should consult their own professional advisers as to the specific tax implications of the Terminations under the laws of the countries of their nationality, residence, domicile or incorporation.
If you have any queries or if any of the above is not clear you should seek advice from your stockbroker, bank manager, legal adviser, accountant or other independent financial advisor.
db x-trackers
The Board of Directors
Contact information
db x-trackers
49, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg
Deutsche Asset Management S.A.
2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg