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THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
PROPOSED STOCK SPLIT OF THE ACC SHARE CLASS OF THE
This circular is sent to you as a Shareholder in the Acc Class of the
If you are in any doubt as to the action you should take, seek advice from your stockbroker, bank manager, solicitor, accountant or independent financial adviser.
Please note that this circular (the "Circular") has not been reviewed by the
If you have sold or transferred your Acc Class shares, then no action is required.
Unless otherwise defined herein, all capitalised terms used herein shall bear the same meaning as capitalised terms used in the latest prospectus of the Company (the "Prospectus") and supplement for the Fund (the "Supplement"). A copy of the Prospectus and the Supplement is available at etf.invesco.com and on request during normal business hours from the Company or from the local representative of the Company in any jurisdiction in which the Fund is registered for public distribution, including from the German information agent
The Directors accept responsibility for the information contained in this Circular. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this Circular is in accordance with the facts and does not omit anything likely to affect the import of such information.
THE ACTION REQUIRED TO BE TAKEN IS SET OUT ON PAGE 3.
RE:
Fund: Invesco S&P 500 UCITS ETF Acc
ISIN: IE00B3YCGJ38
Dear Shareholder
1. Introduction
This letter is sent to you by
The purpose of this letter is to notify you of an extraordinary general meeting ("EGM") to consider and vote on a proposed stock split of the Acc share class of the Fund (the "Share Class").
2. Stock split
The Directors, in consultation with the Manager and the Investment Manager, have determined it appropriate to sub-divide the Share Class.
If approved by the Shareholders, the Share Class will be sub-divided by a factor of 100, which is the value determined by the Investment Manager.
The effect of this stock split is twofold. On the Payment Date:
(1) The net asset value per share of the Share Class will decrease to 1/100th of its value
(2) For each share of the Share Class held, a Shareholder will receive, free of payment, an additional 99 shares, resulting in an increase in their total number of shares held by the same factor of 100
By simultaneously decreasing the net asset value per share by a factor of 100, and increasing the number of shares by same factor of 100 (the "Stock Split"), there will be no change in (a) the total net asset value of all outstanding shares in the Share Class, (b) the total net asset value of the Fund, or (c) the value of any Shareholder's holding in the Fund.
The Directors have determined that the Stock Split is appropriate on the basis that the reduced net asset value per share of the Share Class will facilitate accessibility for prospective investors, thereby facilitating further investment in the Fund and increasing Fund assets to the benefit of all investors. The reduced net asset value per share will also allow both new and existing investors to increase or decrease the size of their investment more precisely.
If approved by Shareholders, the Stock Split is due to take effect on or around
3. Shareholders should note that:
· Shareholders will not bear any additional legal or administrative costs as a result of the Stock Split.
· There will be no change to any of the identifiers of the Share Class (e.g., ISIN, exchange codes).
· There will be no change to any aspect of the Fund's documentation (Prospectus, Supplement), its Investment Objective, Investment Process, etc.
· There will be no impact on the Fund (other than an increase in the number of shares of the Share Class) or any of its other Share Classes.
· The Stock Split will have no impact on the value of your investment.
For reference only, an example of the proposed Stock Split is set out at Exhibit 1.
Recommendation:
The Directors believe that the resolution to be proposed at the EGM is in the best interests of Shareholders and, accordingly, the Directors recommend that Shareholders vote in favour of the resolution.
NOTICE OF EGM TO CONSIDER AND VOTE ON STOCK SPLIT
In order to obtain Shareholder approval for the Stock Split, the Directors have determined to convene an EGM at which a resolution to approve the Stock Split will be proposed.
You will find attached to this letter a notice of the EGM ("Notice of EGM") which will be held at
Please note that you are only entitled to attend and vote at the meeting (or any adjournment thereof) if you are a registered shareholder in the Share Class of the Fund. As the Fund uses the International Central Securities Depositary (ICSD) model of settlement and
How to vote
To vote, a Shareholder must complete and return the form of proxy accompanying this Notice of EGM in accordance with the instructions thereon.
Deadline for voting
For a Shareholder's vote to be counted at the EGM, the form must be received by
Re-convening the EGM
Should it be necessary to re-convene the EGM, Shareholders should note that the Board has determined that the re-convened meeting would take place on
Publication of Results
The results of the EGM will be announced through the regulatory news service on the Euronext Dublin website and will be published in the appropriate manner in each of the other jurisdictions in which the Fund is listed on a stock exchange.
Redemption of Shares
Shareholders who do not wish to remain in the Share Class following the implementation of the Stock Split (if the resolution is passed) will have the opportunity to redeem their Shares on any Dealing Day prior to the Payment Date in the manner prescribed in the Prospectus.
Should you have any questions relating to these matters, you should either contact the Company at the above address or alternatively you should contact your investment consultant.
Yours faithfully
_____________
Date:
Director
For and on behalf of
INVESCO MARKETS PUBLIC LIMITED COMPANY
(the "Company")
INVESCO S&P 500 UCITS ETF
(the "Fund")
· INVESCO S&P 500 UCITS ETF ACC (ISIN: IE00B3YCGJ38)
Incorporated in
Registered Office Ground Floor
2 Cumberland Place Fenian Street Dublin 2
Notice of Extraordinary General Meeting of the Company
Notice is hereby given that an Extraordinary General Meeting of the Fund ("EGM") will be held at
Special Business:
1. To approve a stock split of the accumulating share class of the Fund.
Dated this
By order of the Board
Company Secretary
INVESCO MARKETS PUBLIC LIMITED COMPANY
(the "Company")
INVESCO S&P 500 UCITS ETF
(the "Fund")
INVESCO S&P 500 UCITS ETF ACC (ISIN: IE00B3YCGJ38)
FORM OF PROXY
I,/We*
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being a Shareholder of the above named Fund, hereby appoint the Chairperson of the Company or failing her,
Please indicate with an "X" in the boxes below how you wish the proxy to vote.
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SPECIAL RESOLUTION |
YES |
NO |
ABSTAIN |
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1. |
To approve a stock split of the accumulating share class of the Fund. |
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Signed this day of 2025
Signature:
For and on behalf of
NOTES:-
1. Only those shareholders registered in the register of members of the Fund as at
disregarded in determining the rights of any person to attend and/or vote at the EGM or any adjournment thereof.
2. As a result of the Company's move to the International Central Securities Depositary ("ICSD") settlement model,
3.
4. Investors in the Fund should submit their voting instructions through an ICSD or through a participant in the ICSD being their local central securities depositary (which in turn should be instructed to submit their voting instructions to the ICSD) to ensure the sole registered shareholder of the Fund votes in accordance with their instructions. Investors who have invested in the Fund via their brokers, dealers or intermediaries should contact these entities to provide voting instructions to the ICSD on their behalf. In accordance with their respective rules and procedures, each ICSD is required to collate and transfer all votes received from its participants to the Company's common depositary,
5. To be valid, a completed form of proxy and any power of attorney under which it is signed must be deposited as instructed above no later than
6. Queries in relation to the subject matter of this Circular can be addressed to <psietf@invesco.com>
Exhibit 1
Example Stock Split
INVESCO S&P 500 UCITS ETF
(the "Fund")
INVESCO S&P 500 UCITS ETF ACC (ISIN: IE00B3YCGJ38)
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Before the Stock Split |
Stock Split |
After the Stock Split |
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Shares held of the Share Class |
Net asset value per share |
Total value of holding |
Split Factor |
Shares held of the Share Class |
Net asset value per share |
Total value of holding |
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5 |
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= 5 x 1,300 |
100 |
500
= 5 x 100 |
= 1,300 / 100 |
= 500 x 13 |
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