Suspension of the redemption and issuance of shares of all funds managed by the company on 30th and 31st December 2019
27.12.2019
Following the decision by the Board of Directors based on art. 22 of the Law on the Activities of Collective Investment Schemes and Other Collective Investment Undertakings (CISOUCIA) Expat Asset Management EAD temporarily suspends the issuance and redemption of shares of all funds managed by the company on 30th and 31st December 2019, in particular:
- EXPAT POLAND WIG20 UCITS ETF,
- EXPAT CZECH PX UCITS ETF,
- EXPAT SLOVAKIA SAX UCITS ETF,
- EXPAT HUNGARY BUX UCITS ETF,
- EXPAT SLOVENIA SBI TOP UCITS ETF,
- EXPAT CROATIA CROBEX UCITS ETF,
- EXPAT SERBIA BELEX15 UCITS ETF,
- EXPAT MACEDONIA MBI10 UCITS ETF,
- EXPAT ROMANIA BET UCITS ETF,
- EXPAT BULGARIA SOFIX UCITS ETF,
- EXPAT BULGARIA SHORT SOFIX ETF,
- EXPAT GREECE ASE UCITS ETF,
- EXPAT EMERGING MARKETS EQUITIES MUTUAL FUND,
- EXPAT DEVELOPED MARKETS EQUITIES MUTUAL FUND,
- EXPAT GLOBAL BONDS MUTUAL FUND.
The suspension is due to the fact that most of the regulated markets do not operate on this date, including the Bulgarian Stock Exchange and the Frankfurt Stock Exchange. The suspension is justified for the benefit of the shareholders in the sense of Art. 22, para. 1 CISOUCIA, insofar as this will not threaten the interests of the shareholders.
The redemption and the issuance of shares of all funds managed by the company will be resumed in the sense of Art. 22, para. 2 CISOUCIA on the next business day – 2nd January 2020. Orders accepted on 30th and 31st December 2019 will be processed at prices calculated on 2nd January 2020.