http://www.rns-pdf.londonstockexchange.com/rns/0536H_1-2024-10-4.pdf
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Invesco Markets plc
Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland
Telephone +353 1 439 8000 www.invesco.com
IMPORTANT: This document is important and requires your immediate attention. If you are in any doubt as to the action you should take you should seek advice from your stockbroker, bank manager, solicitor, accountant or other independent financial adviser.
If you have sold or transferred all of your shares in the fund (as defined below), please pass this document at once to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee as soon as possible.
Capitalised terms used herein shall bear the same meaning as capitalised terms used in the Prospectus and Supplement dated 28 May 2024. Copies of the Prospectus are available upon request during normal business hours from the registered office of the Company or from the local representative of the Company in each jurisdiction in which the sub-funds of the Company are registered for public distribution.
In accordance with the current policy of the Central Bank, this document has not been reviewed by the Central Bank.
4 October 2024
Invesco Markets plc (the "Company")
| Fund | ISIN |
| Invesco Commodity Composite UCITS ETF | IE00B4TXPP71 |
(the "Fund")
Dear Shareholder,
We are writing to you as a Shareholder in the Fund to inform you that the board of directors (the "Board") has, with regret, determined that, pursuant to Clause 10 Appendix II of the Constitution of the Company (the "Constitution"), it is in the best interests of the Shareholders to terminate the Fund with effect from 20th November 2024 (the "Termination Date").
The decision of the Board to terminate the Fund is based on the advice of the promoter and investment manager that the continued existence and operation of the Fund is not economically viable.
Therefore, in accordance with the above provisions of the Constitution and the Prospectus, we hereby give notice of our intention, as the Board to:
i) cancel the listing of the Fund and the right of the Fund to be traded on any relevant stock exchanges with effect from close of business on 18 November 2024;
ii) terminate the Fund with effect from 20 November 2024; and
iii) to proceed with the compulsory repurchase of all outstanding shares of the Fund.
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Directors: Gary Buxton (British/Irish), Feargal Dempsey, Deirdre Gormley, Sarah (Katy Walton) Jones (British), Lisa Martensson (Swedish)
Invesco Markets plc, registered in Ireland as an open-ended variable capital umbrella investment company with limited liability and segregated liability between sub-funds.
Registration number: 463397. Registered office: Ground Floor, 2 Cumberland Place, Fenian Street, Dublin 2, Ireland
PROPOSED TIMETABLE
| Key Dates | Event |
| 18 November 2024 (Monday) | Final Exchange Trading Date |
| 19 November 2024(Tuesday) | Final Dealing Date (Voluntary Create/Redeem) |
| 20 November 2024 (Wednesday)* | Mandatory Redemption Trade Date (and Termination Date) |
| 27 November 2024 (Wednesday) | Redemption Settlement Date |
*On the Termination Date if there is a Market Disruption Event which impacts the calculation of the final NAV, the final amount paid will be determined in accordance with the actual close-out amount (calculated in accordance with the terms of the Swaps and market timing for sale of the T-Bills) in accordance with the Prospectus. Where there is a delay in payment due to a Market Disruption Event, a further shareholder notice will be issued to provide an update on timing of payments.
ADDITIONAL INFORMATION
Requests for repurchase or subscription for shares in the Fund may be made in the usual manner in accordance with the Prospectus and supplements for the Fund (the "Supplement") until 19 November 2024.
The following terms and conditions of such compulsory repurchase shall apply as of the Termination Date:
1. the Fund shall be terminated and the repurchase price for each Class of shares of the Fund will be determined by reference to the Net Asset Value of the respective Class of shares of the Fund as of the Termination Date. The costs in relation to the termination will be borne by the Manager;
2. no repurchase charge will be applied;
3. the repurchase proceeds will be paid in the relevant share class currency;
4. the payment of the repurchase proceeds resulting from the compulsory repurchase will take place on or around 27 November 2024; and
5. following the payment of the repurchase proceeds in respect of the Fund, application will be made to the Central Bank of Ireland for the withdrawal of approval of the Fund.
Shareholders who subscribe or repurchase shares in the Fund on the primary market are entitled to repurchase their shares in the Fund in accordance with the Prospectus. Please note that the Company does not charge any repurchase fee for the sale of shares in the secondary market. Orders to sell shares through a stock exchange can be placed via an authorised intermediary or stockbroker. However, Shareholders should note that orders in the secondary market may incur costs over which the Company has no control and to which the above disapplication of the repurchase charge does not apply.
Shareholders may obtain the Prospectus, a copy of the Supplement, the key investor information documents, the latest annual and semi-annual reports and copies of the Constitution free of charge from the registered office of the Manager or the local representatives in the countries where the Company is registered and in Switzerland at BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich which is the Swiss representative and paying agent, as well as from the German information agent Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany and where applicable on the website of the Company - etf.invesco.com.
Shareholders should consult their own professional advisers as to the specific tax implications of the termination under the laws of the countries of their nationality, residence, domicile or incorporation.
If you have any queries arising from this notice, please call Invesco on +353 1 439 8000 or contact us at invest@invesco.com.
Yours sincerely
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For and on behalf of Invesco Markets plc
Name: Feargal Dempsey Title: Director
Date: 04/10/2024
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