Alpha Asset Management A.Ε.D.Α.Κ.’s announcement for Reverse Split of the Exchange Traded Mutual Fund Alpha ETF FTSE Athex Large Cap Equity Fund




Alpha Asset Management Α.Ε.D.Α.Κ. (the «Company») informs investors that the Board of Directors, at its meeting that took place on 20 May, 2016, has been resolved the following, that have been communicated to the HCMC since 7 June, 2016 (reference nr. 1263):


  • the decrease, due to merger, of the total number of the existing units of the Exchange Traded Mutual Fund «ALPHA ETF FTSE Athex Large Cap EQUITY FUND» (“ETF”), due to the adjustment of the value of “FTSE/Athex Large Cap Index”, from 6,030,903 to 603,090 dematerialized, registered units by a ratio of one (1) new unit to ten (10) old units.


  • any resulting unit fractions that will occur during the reverse split, shall be sold by the Company and the net sale amount will be distributed to the beneficiary unitholders under the Company's  responsibility.

The Stock Markets Steering Committee of Athens Stock Exchange in its session, held on 10 June, 2016, approved the commencement of trading of the above 603,090 units at the Athens Stock Exchange, in replacement of the existing 6,030,903 units.

The last day of the trading of the 6,030,903 units of the Exchange Traded Mutual Fund «ALPHA ETF FTSE Athex Large Cap EQUITY FUND» will be 14 June, 2016. As of the next business day, namely 15 June, 2016, the trading of the units, ETF will be temporally suspended, so that their replacement is completed, in accordance with the above. The unitholders recorded in the Dematerialized Securities System (DSS) as of 16 June, 2016 are the beneficiaries of the above reverse split (Record date).

The date of commencement of the trading of the 603,090 new units in Athex will be 21 June, 2016. Their opening price will be notified through a later announcement of the Company. The new units will be credited to the unitholders' respective accounts within the DSS, prior to the commencement of trading.


Additionally, the Company informs investors that due to the above reverse split, the creation / redemption unit number changes from 50,000 units to 5,000 units. The maximum number of units that may be published remains at 100,000,000.


The Company will post an updated announcement on the result of the sale, as well as the procedure regarding the collection of the amount by beneficiary unitholders.


For more information, unitholders may contact Alpha Asset Management Α.Ε.D.Α.Κ. (tel. +30 210 326 2948).


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