Source - LSE Regulatory
RNS Number : 2457O
Legal & General UCITS ETF PLC
29 November 2024
 

29 November 2024

 

LEGAL & GENERAL UCITS ETF PLC

 

(the "Company")

 

L&G Europe ESG Exclusions Paris Aligned UCITS ETF

                                                              (the "Sub-Fund")

 

The Company announces that a circular has been issued to the registered holder of shares in the Sub-Fund (the "Registered Shareholder"), the Bank of New York Mellon (Depository) Nominees Limited, for the purposes of advising the Registered Shareholder the Company's intention to amend the index tracked by the Fund in the manner set out below:

Current Index

Proposed New Index

Foxberry Sustainability Consensus Europe Total Return Index

MSCI ACWI Select Climate 500 Index - Europe Subset


As a result of the index change,
it is also proposed to change the name of the Fund:

Current Fund Name

Proposed Fund Name

L&G Europe ESG Exclusions Paris Aligned UCITS ETF

L&G MSCI Europe Climate Pathway UCITS ETF


The Fund will also undergo a change in classification from Article 9 to Article 8 under the SFDR.

The TER of the Fund will be reduced from 0.16% to 0.10% as a result of the changes. 

It is expected that the changes will take effect on or around 18 December 2024 (the "Effective Date").

A copy of the notice issued to the Registered Shareholder has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and www.lgim.com.

 

FURTHER INFORMATION

 

Legal & General Investment Management Limited

Tel: 0345 070 8684

Email: fundsales@lgim.com

 

J&E Davy (Sponsor)    

Brian Garrahy    + 353 1 6796363

 

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