Source Markets FTSE Emerging EMEA Fund Termination Notice (9299A)

TIDMEM40

RNS Number : 9299A

Source Markets FTSE Emerging EMEA

25 February 2014

IMPORTANT: This letter is important and requires your immediate attention. If you have any questions about the content of this letter, you should seek independent professional financial advice.

20 February, 2014

Source Markets plc (the "Company")

Source FTSE Emerging EMEA 40 UCITS ETF (the "Fund") ISIN: IE00B646J647

Dear Shareholder

We are writing to you as a Shareholder in the Fund to inform you that the Board of Directors has, with regret, determined that, pursuant to Clause 10 Appendix II of the Memorandum & Articles of Association ("M&A") of the Company, it is in the best interests of the Shareholders to terminate the Fund as of 2 April 2014 (the "Termination Date").

The decision of the Board of Directors 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 M&A and the Prospectus of the Company, we hereby give notice of our intention, as Directors of the Company to:

i) cancel the listing of the Fund and the right of the Fund to be traded on the relevant stock exchange with effect from 31 March 2014; and

ii) terminate the Fund with effect from 2(nd) April 2014

and to proceed with the compulsory repurchase of all outstanding shares of the Fund.

PROPOSED TIMETABLE

   Key Dates                                                      Event 
   31(st) March 2014 (Monday)                              Final Exchange Trade Date 
   1(st) April 2014 (Tuesday)                                  Final Dealing Date 
   2(nd) April 2014 (Wednesday)                           Repurchase Trade Date 
   9(th) April 2014 (Wednesday)                            Repurchase Settlement Date

ADDITIONAL INFORMATION

Requests for repurchase or subscription for shares in the Fund may be made in the usual manner in accordance with the Prospectus until 1 April 2014.

The following terms and conditions of such compulsory repurchase shall apply as of the Termination Date:

1. the Fund shall be liquidated 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 base currency;

4. the payment of the repurchase proceeds resulting from the compulsory repurchase will take place at the latest on 9 April 2014; 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 revocation 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.

Any further information in relation to the termination of the Fund may be obtained from the offices of foreign representatives or by sending an email to invest@source.info

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 contact Adrian Mulryan at +44 (0)20 3370 1105.

Yours sincerely

_________________

For and on behalf of

Source Markets plc

This information is provided by RNS

The company news service from the London Stock Exchange

END

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