Notice to shareholders about alignment with the provisions of the MIFID II directive
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We would like to inform you that, at the extraordinary general meeting of the SICAV held on 15 July 2026, a decision
was made to amend the SICAV's articles of association and Prospectus in order to specify the procedures for
implementing the redemption capping mechanism (the “Mechanism”) applying to each of the sub-funds, in line with
the resulting changes from transposing Directive (EU) 2024/927, amending Directive 2009/65/EC as regards
liquidity risk management, into French law.
This mechanism, which is already provided within the SICAV as a liquidity risk management tool, enables the
Management Company to place a temporary limit on the amount of redemptions executed over a given period when
market conditions or the level of redemption requests so require, in the interest of investors and treating
shareholders equally. The redemption capping mechanism applying to each of the SICAV's sub-funds is set at 5%
of the net assets of each sub-fund.
This threshold will start to apply on 20 August 2026 (the “Effective Date”).