GENERAL NOTICE ABOUT THE PROCEDURE AND CONDITIONS OF PRICE CALCULATION AND OTHER MONETARY STATEMENTS OF VALUES

 

GENERAL NOTICE

ABOUT THE PROCEDURE AND CONDITIONS OF PRICE CALCULATION

AND OTHER MONETARY STATEMENTS OF VALUES

 

Mezzanine partners d.d., a fund management company for management of alternative investment funds, also a member of the Association of Investment and Pension Funds with the Croatian Chamber of Economy (HGK) and signatory of Code of Ethics for introduction of the euro as the official currency in the Republic of Croatia, in accordance with Article 63, paragraph 2 of the Law on the Introduction of the euro as the official currency in the Republic of Croatia (Official Gazette No. 57/2022, 88/2022; hereinafter: Law) and articles 2 and 3 of the Ordinance on informing clients of financial service providers about introduction of the euro as the official currency of the Republic of Croatia (Official Gazette No. 90/2022; hereinafter: Rulebook) hereby publishes to investors (clients) the General Notice on the procedure and conditions for recalculation of prices and other monetary statements of value. This information applies to all categories of investors (clients).

On January 1, 2023, the euro will become the official currency of the Republic of Croatia, and on that day prices and other monetary statements of value will be recalculated free of charge, by applying a fixed conversion rate in accordance with the rules for recalculation and rounding advised by Law.

The fixed conversion rate is established by the Council Regulation (EU) 2022/1208 of July 12, 2022 introducing amendments to Regulation (EC) No 2866/98 detailing the conversion rate to the euro for  the Republic of Croatia, published in the Official Journal of the European Union, i.e. the Decision to Announce the Introduction of the euro as the Official Currency in the Republic of Croatia, as adopted by the Government of the Republic of Croatia at the session held on July 21, 2022 (NN 85/22) and is HRK 7,53450 per one euro.

On January 1, 2023, the recalculation will be carried out so that the price on the day preceding the introduction of the euro is determined in kuna, on the day of the introduction of the euro is expressed in euros based on the value of the fund's net assets, which has been converted into euros using the fixed conversion rate, and the resulting amount is rounded in accordance with the applicable Law and Rulebooks.

Each investor (client) will retain the same number of units they held before the conversion and will be notified about the same through an individual notification in accordance with the Law and Rulebook, which will be sent no later than 30 days after the introduction of the euro as the official currency of the Republic of Croatia. The aforementioned individual notification will be sent to clients that, before the introduction of the euro, held a financial product or service expressed in Croatian kuna. The recalculation of the fund's assets and the price of the fund's units will not have an impact on the rights and obligations of investors in the contractual relationship of that fund.

Given that the prices of services (fees) are expressed as a percentage, they will not be displayed in business premises or on the website during the specified period, while the established fixed conversion rate will be displayed in business premises and on the website.

 

Mezzanine partners d.d.