The following is corporate news issued by iStructure PCC PLC (the “Issuer”) in respect of the below listed security:
Alternative Select EUR Asset Backed ETI (ISIN MT0001151209)
The Board of Directors of the Company wishes to notify investors that following the corporate news issued in November 2017 wherein it was notified that the above-mentioned ETI will be liquidated,
Investors’ attention is being brought to the fact that investors may purchase in cash or in exchange of the ETI units, any or all of the underlying investment of the collateral obligor, as per below:
- Bonds issued by FAC Concept AG, nominal value: 700,000 EUR
- Bonds issued by Fretus AG, nominal value: 250,000 EUR
The Board of Directors of the Company has been notified by the collateral obligor that the underlying bonds are in default with interest payments and the principal has not been repaid.
The Board of Directors of the Company wishes to notify the investors in the above-mentioned ETI, that should you as an investor wish to purchase part or all of the underlying assets, you are kindly requested to send the attached Offer of Purchase at the earliest and by no later than the 28th September 2018. The Issuer will send all and any offers received to the collateral obligor. The bonds shall be sold to the highest offer. If no further offer arrives, the bonds will be sold at 0.01% of the nominal, being the highest offer right now.
As at the date of this notice, the collateral obligor or a related entity of the collateral obligor is willing to offer 0.01% of nominal in the Underlying.
The board of Directors wishes to notify investors that Alternative Select EUR Asset Backed ETI (ISIN MT0001151209) will be redeemed and terminated immediately after the completion of the underlying investment liquidation.
Maltese ID 151372(A)
Director OFFER OF PURCHASE
To: iStructure PCC Plc
Email: [email protected]
I/We, the undersigned, in our capacity as director(s) of ………………………………………(the “Company”), a company duly registered under the laws of ……………………………………, and having company registration number ………………………………., hereby:
Wish to purchase part bonds in the underlying,
|Issuer||Name of the underlying||Nominal||Price (in percentage points and value)|
|FAC Concept AG,
Reg. Nr. FL-
|FAC Concept AG Bonds, (FAC 8% Bond, ID:
Reg. Nr. FL-
|Fretus AG Bonds (F2 8% Bonds, ID:
ONCE VALIDLY RECEIVED, THIS OFFER OF PURCHASE IS IRREVOCABLE.