13 Apr 2015 07:30
RNS ANNOUNCEMENT
iShares VII Public Limited Company
iShares Public Limited Company
Exchange ratio for the merger of iShares Euro Inflation Link Bond UCITS ETF (IE00B3VTQ640) (a sub-fund of iShares VII plc) with iShares Euro Inflation Linked Government Bond UCITS ETF (IE00B0M62X26) (a sub-fund of iShares plc)
13 April 2015
The Directors of iShares VII plc and iShares plc wish to announce that the merger of iShares Euro Inflation Link Bond UCITS ETF (IE00B3VTQ640) (a sub-fund of iShares VII plc) (the "Merging Fund") into iShares Euro Inflation Linked Government Bond UCITS ETF IE00B0M62X26) (a sub-fund of iShares plc) (the "Receiving Fund") became effective today at 8.00am Dublin time. The net asset values per share of each fund as at close of business on 10 April 2015 were as follows:
iShares Euro Inflation Link Bond UCITS ETF: € 136.1239 (per share)
iShares Euro Inflation Linked Government Bond UCITS ETF: € 208.6494 (per share)
Further to the notification to shareholders in the Merging Fund dated 30 January 2015, the exchange ratio used to calculate the number of shares in the Receiving Fund issued to former shareholders of the Merging Fund was 0.6524050. The time(s) at which shareholders of the Merging Fund will receive shares in the Receiving Fund will depend on the timeframes and arrangements agreed between shareholders and their custodian, broker and/or relevant central securities depositary for processing such corporate actions.
Residual cash payments, where applicable, will be made to registered shareholders of the Merging Fund on 17 April 2015. The time(s) at which shareholders of the Merging Fund receive any such residual cash payments will depend on the timeframes and arrangements agreed between shareholders and their custodian, broker and/or relevant central securities depositary for processing such payments.
The Merging Fund has been delisted on each of the relevant exchanges.
Shareholders in the Merging Fund have also been notified that BlackRock will reimburse Swiss Effektenhändler (Swiss Securities Dealers) for the Swiss Securities Transfer Tax levied on the merger, so that shareholders who hold their shares in the Merging Fund in a Swiss custody account do not bear this cost as a result of the merger. Shareholders should pass the merger notification to their Swiss custodian as soon as possible. Swiss Securities Dealers who will be subject to Swiss Securities Transfer Tax in relation to the merger should provide a completed reimbursement request form and all required documents, including evidence as may be required to substantiate the request (and notably a confirmation that the Swiss Securities Dealer will not charge the Swiss Securities Transfer Tax to another party in addition to obtaining the reimbursement from BlackRock), to BlackRock to be received by 13 May 2015, in order to obtain reimbursement for Swiss Securities Transfer Tax. BlackRock shall not be obliged to provide reimbursement unless a completed request form and all required documents are received by 13 May 2015. Please contact BlackRock at isharesstt@blackrock.com for the reimbursement request form.
Further enquiries - please contact:
iShares - General Enquiries 0845 357 7000
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