Last checked at 16 Mar 2009 09:28
SPA ETF PLC
13th March, 2009
For immediate announcement:
The Board of SPA ETF Plc has resolved that it will be terminating trading in the following Sub Funds; Market Grader 40, Market Grader 100, Market Grader 200, Market Grader Large Cap, Market Grader Mid Cap and Market Grader Small Cap (collectively, the "Sub-Funds").
The Board is therefore giving notice that it intends to undertake a total redemption of all shares in issue on 1 May, 2009 by way of compulsory redemption at their then Net Asset Value per share.
As a consequence of the decision to terminate trading in the Sub-Funds, the Board has further charged to the Sub-Funds all unamortised establishment expenses and all other costs associated with the termination of the Sub-Funds. Pending the calculation and charging of such expenses and costs to the Sub-Funds, the Net Asset Value of the Sub-Funds as of the 9th and 10th of March could not be calculated or published.
Following de-listing of the shares from ETF PLUS Market of Borsa Italiana in Italy (effective as of 30 March 2009), the Board intends to apply to the UK Listing Authority for the cancellation of the listing of the shares of the Sub-Funds with effect from 1 May 2009 (when the compulsory redemption all such shares in issue will become effective) and to the London Stock Exchange plc for the cancellation of the right to trade in such shares on the London Stock Exchange with effect from such date.
For further information, shareholders may contact SPA ETF PLC via info@spa-etf.com.
Director
SPA ETF PLC
Directors: Daniel Freedman (British) (Anthony Drain (British) as alternate to Daniel Freedman), John Broughan (Irish), Tom Finlay (Irish)
Guild House, Guild Street, International Financial Services Centre, Dublin 1, Ireland
Registered in Ireland No. 436875
An umbrella fund with segregated liability between sub-funds