TABULA ICAV
5 George’s Dock
IFSC
Dublin 1
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 your shares in 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.
22nd February 2022
Tabula
ICAV (the “ICAV”)
Tabula
European IG Performance Credit UCITS ETF (EUR) (ISINs: IE00BG0J8M66
and IE00BG0J8L59) (the “Fund”)
The directors of the ICAV (the “Directors”) wish to inform you of
their decision to close the Fund with effect from 14 March 2022 (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
sub-fund of the ICAV (the “Shares”). The Directors, in
consultation with KBA Consulting Management Limited and Tabula
Investment Management Limited (the “Investment Manager”), have
reviewed the ICAV’s sub-fund range and due to the size of the Fund
and low levels of investor demand, have resolved to close the Fund
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:
1. cancel the
listing of the Fund and the right of the Fund to be traded on any
relevant stock exchanges with effect from close of business on
10 March 2022; and
2. terminate the
Fund with effect from 14 March 2022;
and
3. proceed with
the compulsory redemption of all outstanding Shares.
Proposed
Timetable
Date |
Event |
10 March 2022 |
Final exchange trading date |
11 March 2022 |
Final dealing date (voluntary) |
14 March 2022 |
Mandatory redemption trade date (and
Closure Date) |
25 March 2022 |
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 for the Fund until 11
March 2022.
The following terms and conditions of the compulsory redemption
of Shares shall apply as at the Closure Date:
1. the Fund
shall be terminated and the repurchase price for each class of
Shares will be determined by reference to the Net Asset Value of
the respective class of Shares as of the Closure Date. The costs in
relation to the termination will be borne by the Investment
Manager;
2. no repurchase
charge will be applied;
3. the
repurchase proceeds will be paid in the relevant share class
currency;
4. the payment
of the repurchase proceeds resulting from the compulsory repurchase
will take place on or around 25 March
2022; and
5. following the
payment of the repurchase proceeds in respect of the Fund,
application will be made to the Central Bank of Ireland for the withdrawal of approval of the
Fund.
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 of the Fund.
If you have any queries arising from this notice, please call
the Investment Manager on +44 20 3909 4700 or contact us at
info@tabulagroup.com.
Yours sincerely
_________________
For and on behalf of
Tabula ICAV
An open-ended umbrella Irish
collective asset-management vehicle with segregated liability
between sub-funds formed in Ireland under the Irish Collective
Asset-Management Vehicles Act 2015.
Directors: Barry Harrington, Feargal Dempsey, David
Schnautz (German), Michael John
Lytle (American), Franco
Mancini (Italian)
Registered in Ireland. Registration No: C174472
Registered Office: as above