HSBC Global Funds ICAV Delisting of Share Classes

RNS Number : 0703L

HSBC Global Funds ICAV

06 November 2024

 

This document is important and requires your immediate attention. If you are in doubt as to the action you should take you should seek advice from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser. If you have sold or transferred all of your interests in the Share Classes referred to below, 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.

 

This document has not been reviewed by the Central Bank of Ireland (the "Central Bank") and it is possible that changes may be necessary to meet the Central Bank's requirements. The board of directors of the ICAV (the "Directors") accepts responsibility for the information contained in this document.

 

Capitalised terms used in this document and not defined shall having the meaning given to those terms in the Prospectus.

 

6 November 2024

 

 

Dear Shareholder,

 

ISIN	Share Class Name
IE000QL3QEM2	HSBC Global Funds ICAV - Global Government Bond UCITS ETF ETFCHEUR
IE000YUU9UG5	HSBC Global Funds ICAV - China Government Local Bond UCITS ETF ETFCHEUR
IE000MY0C911	HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF ETFCHEUR
IE000389GTC0	HSBC Global Funds ICAV - Global Sustainable Government Bond UCITS ETF ETFCHEUR

 

(Together, the 'Share Classes')

 

We refer to the Share Classes of which you are a Shareholder.

 

 

Delisting notice

 

The purpose of this document is to advise you of the decision taken to delist the Share Classes from the UK Financial Conduct Authority's Official List and to cancel the admission to trading on the main market for listed securities of the London Stock Exchange (the "LSE") (the "Delisting"), which is due to take place on 5 December 2024 (the "Delisting Date").

 

The Directors, together with the Investment Manager, regularly review the stock exchanges on which the Share Classes are listed to check that there is sufficient demand on each stock exchange to ensure higher trading volumes and tighter bid-offer spreads. Following the most recent review, the Directors, in consultation with the Investment Manager, have determined it to be in the best interests of Shareholders to concentrate listings of the Share Classes on a smaller number of stock exchanges and so have determined to effect the Delisting on the Delisting Date.

 

Please note that Shares in each of the funds referred to above will remain listed on at least one European stock exchange. Details of the stock exchanges where listings will be maintained are set out in the Appendix.

 

Please note that each Share Class will remain open for dealing notwithstanding the Delisting and there will be no impact on how each fund of the Share Classes is managed.

 

It should be noted that the Delisting applies only to the Share Classes listed in this document and does not affect shareholdings in any other share classes of the ICAV.

 

 

Procedure for Delisting

 

From the date of this document up to (but excluding) the Delisting Date, you can continue to buy and sell Shares in the Share Classes on the stock exchanges on which they are listed. Following the relevant Delisting Date, you can continue to hold Shares in the Share Classes that have been delisted but you will no longer be able to sell those Shares on the stock exchanges from which they will be delisted. You will be able to sell those Shares on any of the remaining stock exchanges but there may be additional costs associated with using another stock exchange.

 

In view of the above, Shareholders are strongly advised to consult with their brokers or financial advisors on the options available to them and obtain the necessary advice.

 

 

Tax considerations

 

If you are in any doubt as to the tax consequences, you should contact your financial or tax advisor.

 

 

Conclusion

 

Should you have any questions relating to the content of this document, you should contact your sales representative or your professional adviser or the Administrator or, alternatively, you should contact your investment consultant and/or legal adviser, as appropriate.

 

Additional information relating to the Share Classes and their funds are available by choosing your local website at www.global.assetmanagement.hsbc.com or from the registered office.

 

HSBC Global Funds ICAV	3 Dublin Landings, North Wall Quay, Dublin 1 Ireland	[phone]
J&E Davy (Sponsor) Brian Garrahy		[phone]

 

 

 

 

Appendix

 

Exchange	Expected Final Exchange Trading Date	Target Delisting Date
London Stock Exchange	4 December 2024	5 December 2024

 

Delistings - Product list

 

Share Class Name	ISIN	Delistings			Remaining listings
		Exchange	Ticker	Trading Currency	Exchange	Ticker	Trading Currency
HSBC Global Funds ICAV - Global Government Bond UCITS ETF ETFCHEUR	IE000QL3QEM2
		London Stock Exchange	HGVE LN	EUR	Xetra	H41S GY	EUR
HSBC Global Funds ICAV - China Government Local Bond UCITS ETF ETFCHEUR	IE000YUU9UG5
		London Stock Exchange	HCGE LN	EUR	Xetra	H41U GY	EUR
HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF ETFCHEUR	IE000MY0C911
		London Stock Exchange	HCBE LN	EUR	Xetra	H41R GY	EUR
HSBC Global Funds ICAV - Global Sustainable Government Bond UCITS ETF ETFCHEUR	IE000389GTC0
					Borsa Italiana	HSGE IM	EUR
		London Stock Exchange	HSGE LN	EUR	Xetra	H41T GY	EUR

 

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END

 

 

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