Notice is hereby given to you as an investor of ECO Capital EUR Asset Backed ETI, having ISIN MT0001151258 (hereinafter the “ETI Units”) that the Board of Directors has received notification from ETI Malta Limited, in respect of compartment 12, the collateral obligor (the “Collateral Obligor”) in respect of the ETI Units, that it intends to redeem all the bonds and subsequently terminate the investment. The board of directors of the Collateral Obligor has determined that not a sufficient amount of assets under management has been reached and that it is therefore not commercially feasible to maintain the underlying and the structure.
The Board of Directors of the Company do not have objection to the proposed early redemption and subsequent termination of the bonds issued by the Collateral Obligor.
The Company, in respect of the ETI Units, hereby notifies investors of the above-mentioned notification and that the Board of Directors of the Company has resolved to redeem all the ETI Units with ISIN MT0001151258 and subsequently terminate the investment.
The Company hereby notifies investors of the above-mentioned decision taken by the Collateral Obligor and that, as a consequence, the Company deems it more beneficial to the investors that a full redemption of all the ETI Units is affected once the compartment is in receipt of the repayment amount from the Collateral Obligor. The Company therefore, resolves to affect a redemption payment of € 218.35 per unit on the 27th October 2017 i.e. on the 15th Business Days from receipt of funds from the Collateral Obligor.
Should you as an investor not accept this proposed early redemption of the ETI Units, you may send the duly signed notice in original to the Company before the 6th October 2017. Should you not accept the redemption suggested above, the Company shall redeem all outstanding ETI Units on the last Business Day of December 2017 and furthermore, the Company cannot guarantee that the price per unit will be as above due to ongoing expenses and maintenance fees which will be incurred due to maintaining of the compartment until December 2017.