Notification to investors regarding the change in strategy of the collateral and possibility to redeem the ETI Units in kind
This is a notice to investors issued by ETI Securities PLC (the “Issuer”) in respect of Linked Compartment 19 which issued ETI units named German Real Estate ETI (ISIN AT0000A193K4) following the notice to investors issued on the 9th April 2018, whereby investors were notified of the intention of the collateral to update its strategy to include investment in the bonds of German Real Estate Capital SA having ISIN DE000A19XLE6 and the right of the investor to approve or object to a redemption in-kind of the ETI Units against the investment in German Real Estate Capital SA (ISIN DE000A19XLE6).
You are hereby being notified that more than seventy-five percent (75%) consent has been received whereby investors indicated their desire to redeem in kind (as detailed above). Therefore, the Issuer in respect of Linked Compartment 19, shall send its no objection to the collateral for the desired update to the strategy of the performance linked bonds to include investment in German Real Estate Capital SA.
Possibility to send a redemption in-kind request
In addition, the Issuer in respect of Linked Compartment 19, hereby grants you the opportunity to submit a redemption in-kind request as attached to this notice, should you wish to redeem your ETI Units against units issued by German Real Estate Capital SA. The redemption in kind notice must be submitted to the Issuer AND to your broker by no later than the 19th June 2018 to the following:
Address: 66A, The Strand, Sliema SLM 1022, Malta
Email: [email protected]
Fax: +356 2016 7358
Please see further details in theRedemption in-kind Notice attached.
INVESTORS’ ATTENTION IS BROUGHT TO THE FACT THAT THE UNITS ISSUED BY GERMAN REAL ESTATE CAPITAL SA IS SUBJECT TO A TWELVE (12) MONTH LOCK UP PERIOD.
PLEASE NOTE: Should you have already submitted your request / approval of a redemption in-kind by the deadline of the 7th May 2018 in accordance with the Notice to Investors dated 9th April 2018, there is no need to re-send the redemption in kind notice which is attached to this Notice.
ONCE THE REDEMPTION IN KIND NOTICE IS SUBMITTED FROM YOUR END, SUCH REDEMPTION IN-KIND NOTICE SHALL BE IRREVOCABLE AND BINDING ON ALL PARTIES.
Investors’ attention is brought to the fact that should you opt to retain your ETI units and therefore not redeem in-kind, you will remain invested in Linked compartment 19, until all underlying assets are liquidated and given a number of investors have already requested to redeem their ETI Units in kind, the value of the ETI Unit may go down.