Notification of changes to the underlying fund of L26 Alquity Africa

03 Jun 2021

We have been notified by Alquity SICAV (the “Company”) of the following various changes regarding the underlying fund into which L26 Alquity Africa invests. These changes will take effect from 1 July 2021 (the “Effective Date”).

Change of Management Company, Depositary and Paying Agent, Central and Sub-Administration, Sub-Registrar and Transfer Agent of the underlying fund

Please see the table below for more details of the various changes of the underlying fund.

 

Before the Effective Date

With effect from the Effective Date

Management Company of the underlying fund

Lemanik Asset Management S.A.

East Capital Asset Management S.A. (“ECAM”)

Delegated Investment Manager of the underlying fund

Alquity Investment Management Limited (“AIML”)

Alquity Investment Management Limited (“AIML”)

Depositary of the underlying fund

RBC Investor Services Bank S.A.

Skandinaviska Enskilda Banken AB (publ) (”SEB”)

Central Administration, Registrar and Transfer Agent of the underlying fund

RBC Investor Services Bank S.A.

FundRock Management Company S.A. (“FundRock”)

Sub-Administration, Sub- Registrar and Sub-Transfer Agent of the underlying fund

RBC Investor Services Bank S.A.

European Fund Administration S.A. (“EFA”)

Changes to the hurdle rate in relation to performance fees of the underlying fund


Within the framework of the transition concerning the interbank reference rates and due to the disappearance of LIBOR as of the 1st January 2022, the Company have decided to change the definition of the hurdle rate in relation to the performance fees of the underlying fund. Please see the details of this change in the table below.

Before the Effective Date

With effect from the Effective Date

Definition of Hurdle Rate

USD 1 yr Libor

USD 1 yr FED

 

Should you have any questions regarding these changes, please contact International Funds & Investments.