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Wednesday 15 November, 2017

GO UCITS ETF

Change of Control

RNS Number : 5113W
GO UCITS ETF Solutions PLC
15 November 2017
 

15 November 2017

 

GO UCITS ETF SOLUTIONS PLC

 

Change of Control

 

GO UCITS ETF SOLUTIONS PLC (the "Company") announces that Legal & General Investment Management (Holdings) Limited (the "Buyer") has agreed to acquire from the ETF Securities group:

·      the Company's management company, GO ETF Management Limited (the "Manager");

·      the investment manager, GO ETF Solutions LLP (the "Investment Manager"); and

·      the subscriber shares in the Company (one of which is being acquired directly and the other which is being acquired indirectly as a result of it being held by the Manager).

(collectively, the "Transaction").

Please note that completion of the Transaction is conditional on regulatory approvals being granted by the Central Bank of Ireland and the UK Financial Conduct Authority and is expected to take place in March 2018.

Investors in the Company's sub-funds should be aware that:

·      none of the Company's sub-funds (i.e. the ETFs) are being sold as part of the Transaction;

·      no changes are proposed to be made to the investment objectives or investment policies of any of the sub-funds or to the respective amounts paid to the Manager out of the assets of each of the sub-funds as a consequence of the Transaction;

·      at completion, the Manager and the Investment Manager will continue to be appointed and no material changes are proposed to be made to the operations of the Manager or the Investment Manager as a consequence of the Transaction; and

·      at completion, Legal & General Investment Management Limited (an affiliate of the Buyer) will replace ETF Securities (UK) Limited as the distributor for the Company.

 

FURTHER INFORMATION

 

ETF Securities (UK) Limited

 

Media enquiries: Paul Griffin

Tel: +44 20 7448 4330

Email: [email protected]

 

All other enquiries: Howie Li

Tel: +44 20 7448 4330

Email: [email protected]

 

J&E Davy (Listing Sponsor)

 

Enquiries: Fergal Meegan / Brian Garrahy                                             

Tel: +353 1 6796363

Email:  [email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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