Conversion of 27 Legal & General ETFs into international ETF structure – reminder
Clearstream Banking1 informs customers that Legal & General UCITS LTD (Ireland) intends to convert its Irish-domiciled exchange-traded funds (ETFs) to the ICSD model in Common Depository structure, effective
20 April 2020
This migration will consist of 27 ETFs issued under the Legal & General UCITS ETF PLC umbrella with record date 17 April 2020 and effective date 20 April 2020.
Impact on customers
No action is required from customers for the conversion of the securities into the international ETF structure. However, depending on the customers’ current settlement arrangements, there may be actions for them to take. Please refer to the attached PDF, which provides relevant details.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.