Luxembourg, 2013-11-08 14:30 CET (GLOBE NEWSWIRE) -- Following the hearing procedure held on 5 November 2013, the board of directors of Saxo Invest (SICAV) has decided to delist the two share classes, Saxo Invest – CPH Capital Consumer Equities R (ISIN Code: LU0735967183) and Saxo Invest – CPH Capital Global Equities R (ISIN Code: LU0616502885) (hereafter the "Share Classes") from NASDAQ OMX Copenhagen A/S.
As a result of this decision, Saxo Invest (SICAV) will submit an application to NASDAQ OMX Copenhagen A/S to apply for the delisting of the Share Classes from trading on NASDAQ OMX Copenhagen A/S.
Background for delisting:
The background for the delisting of the Share Classes from NASDAQ OMX Copenhagen A/S is that the demand from secondary market investors is insignificant measured by the current trading volume and frequency. There is no evidence suggesting that the demand for the Share Classes utilizing the listing mechanism will increase in the foreseeable future. Thus, it was concluded that as delisting would have limited or no impact on the market and as delisting would not affect the possibilities to subscribe and redeem shares in the two Share Classes maintaining the listing with the administrative burdens and the costs associated therewith could not be justified.
Expected timing of the delisting:
On the assumption that NASDAQ OMX Copenhagen A/S will accommodate the Fund’s request for delisting, the Fund expects that the delisting will become effective around mid-December 2013.
Dealing after delisting:
After the delisting, direct redemption of shares in the Listed Share Classes through the Fund’s transfer agent in Luxembourg will be the option offered to the shareholders. The redemption request should arrange and coordinate by the bank which holds shares in custody.
Hereafter investors can find information regarding NAV and other relevant information on www.saxoinvestfunds.com or from the www.universal-investment.lu
Regards, Board of Directors