FondsVerschmelzung von Comgest Fonds

Comgest hat uns darüber informiert, dass folgende Fonds zum 04. Juni 2015 fusionieren. Dies bedeutet, dass die Anteile des „abgebenden Fonds“ in einem von der KVG vorgegebenen Verhältnis in den „aufnehmenden Fonds“ aufgehen. Dieses Umtauschverhältnis wird von der KVG am Fusionstag bekannt gegeben.

Ausgaben und Rücknahmen des „abgebenden Fonds“ sind über die FFB bereits eingestellt worden.
Bei der Fondszusammenlegung werden wir entsprechend dem Vorschlag der Fondsgesellschaft verfahren.
Pläne in dem „abgebenden Fonds“ werden automatisch auf den „aufnehmenden Fonds“ umgestellt und dort fortgeführt.
Bitte beachten Sie hierbei die eventuell abweichenden Anlageschwerpunkte. Soll zur Abdeckung der Ursprünglich verfolgten Anlageziele ein anderer Fonds genutzt werden, benötigen wir unbedingt einen gesonderten Auftrag.

Wir weisen darauf hin, dass die Verschmelzung unter Umständen für Ihre Kunden steuerliche Konsequenzen hat. Wir empfehlen Ihren Kunden daher, sich bei ihrem Steuer- bzw. Finanzberater über die steuerlichen Auswirkungen gemäß den Steuergesetzen in ihrem Wohnsitz- oder Aufenthaltsland zu informieren.
Wir werden die Bestandskunden des aufnehmenden Fonds ebenfalls schriftlich über die Fondsfusion informieren.
Anbei finden Sie den dauerhaften Datenträger der Fondsgesellschaft.
Wir möchten an dieser Stelle darauf hinweisen, dass es sich bei dem beigefügten Dokument um ein Schriftstück der Fondsgesellschaft handelt. Für die Verwahrung und Administration von Anteilen und die Umsetzung von Aufträgen verweisen wir auf unsere allgemeinen Geschäftsbedingungen nebst Preis- und Leistungsverzeichnis.
Mit freundlichen Grüßen
FFB-Vertriebspartnerbetreuung

COMGEST ASIA
Société d’Investissement à Capital Variable
5, Allée Scheffer
L-2520 Luxembourg
Grand-Duchy of Luxembourg
R.C.S. Luxembourg B 43.621
(the “Absorbed Company”)
NOTICE TO SHAREHOLDERS
OF COMGEST ASIA
23 April 2015
By registered letter for the registered shareholders
Dear Shareholder,
The board of directors of the Absorbed Company (the “Board of Directors”) hereby informs the shareholders of the Absorbed Company that the Board of Directors has decided on 27 February 2015 to proceed to the merger foreseen under article 1, item 20) a) and item 21) a) of the Luxembourg law dated 17 December 2010 on undertakings for collective investment as amended (the “2010 Law”) of COMGEST ASIA (the “Absorbed Company”) into COMGEST GROWTH ASIA (the “Absorbing Sub-Fund”), a sub-fund of COMGEST GROWTH PLC, a public limited company qualifying as an investment company with variable capital and structured as an umbrella fund, incorporated and existing under the laws of Ireland, having its registered office at First Floor, Fitzwilton House, Wilton Place, Dublin 2, Ireland, and registered with the Irish Companies Registration Office under the number 323577 (the “Absorbing Company, together with the Absorbed Company, the “Merging Companies”).
The merger of the Absorbed Company into the Absorbing Sub-Fund will be effected by the absorption of the fund Comgest Asia into the sub-fund Comgest Growth Asia.
The merger will be realised through the transfer of all assets and liabilities of the Absorbed Company into the Absorbing Sub-Fund.
The merger shall become effective and final between the Merging Companies and vis-à-vis third parties on or about 4 June 2015 and will require the approval by a simple majority of the shareholders of Comgest Asia in accordance with article 8 of the articles of incorporation of the Absorbed Company at the extraordinary general meeting of shareholders of the Absorbed Company to be convened on 26 May 2015. In this respect, prior convening notices will be sent to the registered shareholders of the Absorbed Company in compliance with the articles of incorporation of the Absorbed Company and within the defined legal delays.
We recommend shareholders to read carefully this notice in order to be aware of the implications of the merger.
1. BACKGROUND AND RATIONALE OF THE PROPOSED MERGER
The contemplated merger, following which the Absorbed Company will be absorbed by the Absorbing Sub-Fund, has been proposed in the best interest of the shareholders to the extent the Absorbing Sub-Fund, while offering similar investment objectives, should benefit from a larger distribution network. As a consequence, the merger should result in an overall decrease of the fees, costs or other charges for the shareholders of the Absorbed Company.
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2. SUMMARY OF THE MERGER
(i) The merger shall become effective and final between the Merging Companies and vis-à-vis third parties on or about 4 June 2015 (the “Date of the Merger”).
(ii) The Board of Directors considers that the merger is in the best interests of the shareholders of the Absorbed Company. The background and rationale for the merger is set out herein above.
(iii) The merger has been approved by the Commission de Surveillance du Secteur Financier, the financial regulator in Luxembourg.
(iv) A general meeting of the shareholders of the Absorbed Company will be convened on 26 May 2015 in order to approve the merger project, and the shareholders will be required to vote on the merger project in accordance with article 8 of the articles of incorporation of the Absorbed Company.
(v) The merger will lead to the termination and closure of the Absorbed Company.
(vi) Please refer to Section 5 of this notice for a description of your options in relation to the merger, notably your right to redeem your registered shares before the Date of the Merger without charges.
(vii) Dealing in the Absorbed Company will continue as usual until 26 May 2015.
Any subscriptions and redemptions of the Absorbed Company after this date will not be processed. After the Date of the Merger, registered shareholders of the Absorbed Company will hold shares of the share class denominated in USD of the Absorbing Sub-Fund Comgest Growth Asia (pursuant to the relevant exchange ratio).
(viii) Holders of registered share(s) of the class of shares in the Absorbed Company will acquire rights as registered shareholder(s) of the share class denominated in USD in the Absorbing Sub-Fund (the “USD Share Class”) from 4 June 2015.
(ix) The procedural aspects of the merger are set out in detail in Section 6 of this notice.
(x) The merger will have no impact on the Absorbing Sub-Fund, since the Absorbing Sub-Fund will have been created to receive the assets and liabilities of Comgest Asia.
3. TIMETABLE FOR THE MERGER
The merger will take place in accordance with the timetable detailed below:
Documentation sent to, and available for, shareholders 23 April 2015
Dealings closed in the Absorbed Company at the close of business 26 May 2015
End of current accounting period of the Absorbed
Company 26 May 2015
Calculation of the exchange ratio (as further described hereafter) 4 June 2015 Effective time of the merger of the Absorbed Company into the Absorbing Sub-Fund 4 June 2015 Dealings continue in the Absorbing Sub-Fund as from the Date of the Merger 4 June 2015

SHAREHOLDERS RIGHTS IN RELATION TO THE MERGER
5.1 Expected impacts of the proposed merger on the shareholders of the Absorbed Company and the Absorbing Sub-Fund
5.1.1 Impact on the shareholders of the Absorbing Sub-Fund:
There will be no impact, since the Absorbing Sub-Fund will have been created to receive the assets and liabilities of the Absorbed Company.
5.1.2. Impact on the registered shareholders of the Absorbed Company:
For the registered shareholders of the Absorbed Company, the merger will result in such shareholders being, from the Date of the Merger, registered shareholders of the Absorbing Sub-Fund.
The merger will be binding on all the registered shareholders of the Absorbed Company who have not exercised their right to request the redemption of their shares, free of charge (other than to meet relevant disinvestment costs), on the Date of the Merger.
Subscriptions and redemptions will be suspended within the Absorbed Company from 27 May 2015 to 3 June 2015.
No subscription fee will be levied within the Absorbing Sub-Fund as a result of the merger.
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The Board of Directors will ensure continuity in the investment positioning of the Absorbed Company. Trade-off between risk, market exposure and minimising cost will be managed by the Board of Directors in the best interest of the shareholders of the Absorbed Company. In order to achieve this goal, the Absorbed Company’s portfolio may be readjusted a few days before the merger. The operational costs to the Absorbed Company triggered by the merger, will be borne by Comgest S.A., the management company of the Absorbed Company.
5.2 Right to redeem without charge
Any registered shareholders of the Absorbed Company not agreeing with the merger will be entitled to request, free of charge (except disinvestment costs), the redemption of their shares during thirty days as from the date of the sending of the present notice to shareholders, i.e. between 23 April 2015 and 26 May 2015.
The shareholders of the Absorbed Company are hereby drawn their attention to the fact that the merger is further detailed in the merger project set up together by the Merging Companies (please refer to Section 5.4).
In accordance with article 75 (2) of the 2010 Law, the effective date of the merger will be published in the Mémorial.
5.3 Merger report
The merger report which will be prepared by Deloitte Audit S.à.r.l. (Luxembourg), the authorised auditor of the Absorbed Company in respect of the merger will include a validation of the following items:
(i) the criteria adopted for valuation of the assets and of the liabilities (if Any) of the Absorbed Company for the purposes of calculating the exchange ratios;
(ii) the calculation method for determining the exchange ratios; and
(iii) the final exchange ratios.
In accordance with article 71 (3) of the 2010 Law, a merger report shall be made available on requestand free of charge to the shareholders of the Absorbed Company on or about 4 June 2015.
5.4 Documents available
The following documents will be at the disposal of the shareholders free of charge at the registered office of the Absorbed Company on or about 23 April 2015 and/or may be requested free of charge:
· the common terms of merger;
· a copy of the certificate related to the merger issued by the depository of the Absorbed Company, in compliance with article 70 of the 2010 Law, confirming that it has verified the compliance of the particulars set out in article 69, paragraph 1, points a), f) and g) with the requirements of the 2010 Law and the articles of incorporation of the Absorbed Company, · a copy of the report prepared by the independent auditor appointed by the Absorbed Company to validate the conditions foreseen in Article 71 (1), items (a) and (c) of the 2010 Law;
· the last prospectus of the Absorbed Company dated January 2015 and of the Absorbing Company dated 12 December 2014;
· the latest KIID related to the B (capitalization) share class of the Absorbed Company and the USD Share Class of the Absorbing Sub-Fund (attached hereto).
In this respect, and for any additional information, please contact Mr. Julien BOUDIN at CACEIS Bank Luxembourg, 5 Allée Scheffer, L-2520 Luxembourg (Telephone: +352 4767 6407 / Fax: +352 4767 4651 / Email: Julien.BOUDIN@caceis.com).
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6. ADDITIONAL PROCEDURAL ASPECTS OF THE MERGER
6.1 Effective Date of the Merger
The effective date of the merger will be 4 June 2015
6.2 Shareholders’ Vote Required
Please note that under article 8 of the articles of incorporation of the Absorbed Company, the shareholders of Comgest Asia are required to vote in order to approve the merger.
Should the vote of the shareholders not take place, the contemplated merger project will not be implemented, and we will write to inform you of this.
6.3 Dealing in the Absorbed Company
Dealing in the Absorbed Company will continue as usual, however any subscriptions and redemptions of the Absorbed Company will not be processed after 26 May 2015. This will allow our administrators to implement the procedures needed for the merger in an orderly and timely manner.
Further, the shareholders of the Absorbed Company will not have the possibility to convert their shares into shares of another UCITS with a similar investment policy and managed by any other company linked with the Absorbed Company.
Shareholders of the Absorbed Company will acquire rights as shareholders of the Absorbing Sub- Fund from 4 June 2015.
After the merger, investors will hold shares in the Absorbing Sub-Fund and may continue dealing as usual from 4 June 2015.
6.4 Confirmation of Merger
Each registered shareholder in the Absorbed Company will receive a notification confirming (i) that the merger has been carried out and (ii) the number of the corresponding class of shares in the Absorbing Sub-Fund that they hold after the merger is completed.
This confirmation is expected to be sent to Shareholders no later than 8 June 2015.
6.5 ISIN Codes
Please note that the ISIN codes of your shares in the Absorbing Sub-Fund will change as a result of this merger. Details of these codes are given below.
SHARE CLASS CURRENTLY HELD SHARE CLASS TO BE HELD AFTER MERGER
Share
Class
Currency ISIN Share Class Currency ISIN
B USD LU0043993400 USD Class USD IE00BQ3D6V05
6.6 Taxation
The merger of the Absorbed Company into the Absorbing Sub-Fund may create tax consequences for shareholders.
Shareholders should consult their professional advisers about the consequences of this merger on their individual tax position.
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Finally, please be informed that the terms of the merger have been submitted to and authorised by the Commission de Surveillance du Secteur Financier, the Luxembourg supervisory authority.
For the Board of Directors
Appendices
· KIID related to the B (capitalization) USD shares of the Absorbed Company
· KIID related to the USD Share Class of the Absorbing Sub-Fund