ETFS Commodity Secs Ltd Change of Name and Compulsory Redemption (CLD) (3908H)
July 31 2019 - 6:45AM
UK Regulatory
TIDMAIGA
RNS Number : 3908H
ETFS Commodity Secs Ltd
31 July 2019
ETFS Commodity Securities Limited
LEI: 21380068Q1JSIAN4FO63
31 July 2019
ETFS Commodity Securities Limited
Classic and Longer Dated Commodity Securities
Compulsory Redemption of certain classes of Classic and Longer
Dated
Commodity Securities and Change of Name
ETFS Commodity Securities Limited (the "Issuer") announces the
following:
Compulsory Redemption of certain classes of Classic and Longer
Dated Commodity Securities
The Issuer gives notice pursuant to Condition 9.1(b) of the
Conditions that all Classic and Longer Dated Commodity Securities
of the types specified in the table below are to be redeemed
compulsorily and that the Issuer has nominated 26 September 2019 to
be the Compulsory Redemption Date in respect of all such types of
Classic and Longer Dated Commodity Securities.
Types of Classic and Longer Dated Commodity Securities to be
Redeemed
ETFS Platinum Individual Securities
ETFS Ex-Energy Index Securities
ETFS Longer Dated Heating Oil Individual Securities
ETFS Longer Dated Lean Hogs Individual Securities
ETFS Longer Dated Live Cattle Individual Securities
ETFS Longer Dated Natural Gas Individual Securities
ETFS Longer Dated Ex-Energy Index Securities
ETFS Longer Dated Grains Index Securities
ETFS Longer Dated Livestock Index Securities
ETFS Longer Dated Petroleum Index Securities
ETFS Longer Dated Softs Index Securities
Redemption Forms received (or deemed received) prior to close of
business on 23 September 2019 will be valid and will be processed
in the normal way. Redemption Forms received (or deemed received)
on or after that day will be invalid. Any Classic and Longer Dated
Commodity Securities of the relevant types then remaining in issue
will be Redeemed compulsorily in accordance with the
Conditions.
It is expected that the Redemption Payment Date in respect of
the Compulsory Redemption of each relevant type of Classic and
Longer Dated Commodity Securities will be 1 October 2019.
Settlement of cash redemption proceeds due to Security Holders
holding their Classic and Longer Dated Commodity Securities of the
relevant types in uncertificated form is expected to be made via
CREST on or about 2 October 2019.
In the case of Security Holders holding their Classic and Longer
Dated Commodity Securities of the relevant types in certificated
form, it is expected that payment will be made by way of US dollar
cheque sent to them at their address on the register on or about 2
October 2019.
It is expected that the impacted securities will stop trading on
their respective exchanges after the close of trading on or around
16 September 2019. If you wish to sell your securities before the
compulsory redemption of these securities, you should do so by the
close of trading on this date.
Change of Name
The Issuer announces that with effect from 26 September 2019 its
name will change to WisdomTree Commodity Securities Limited and the
names of the Classic and Longer Dated Commodity Securities will be
changed to include "WisdomTree" in place of "ETFS" and further
changed for consistency across WisdomTree's range of products.
The Issuer has, by special resolution, resolved to change its
name to "WisdomTree Commodity Securities Limited" with effect from
26 September 2019. The change of name takes effect when the Jersey
registrar of companies issues a revised certificate of
incorporation reflecting the new name. This is expected to be on 26
September 2019.
The Issuer has entered into an eighteenth supplemental trust
instrument dated 31 July 2019 with the Trustee (the Issuer having
provided to the Trustee a certificate that in its opinion to do so
is desirable and not prejudicial to the rights of the Security
Holders) under which the names of the Classic and Longer Dated
Commodity Securities then in issue will be changed as follows:
Current name New name
ETFS Agriculture WisdomTree Agriculture
--------------------------------------------
ETFS All Commodities WisdomTree Broad Commodities
--------------------------------------------
ETFS Aluminium WisdomTree Aluminium
--------------------------------------------
ETFS Brent Crude WisdomTree Brent Crude Oil
--------------------------------------------
ETFS Cocoa WisdomTree Cocoa
--------------------------------------------
ETFS Coffee WisdomTree Coffee
--------------------------------------------
ETFS Copper WisdomTree Copper
--------------------------------------------
ETFS Corn WisdomTree Corn
--------------------------------------------
ETFS Cotton WisdomTree Cotton
--------------------------------------------
ETFS Energy WisdomTree Energy
--------------------------------------------
ETFS Ex-Agriculture and WisdomTree Broad Commodities Ex-Agriculture
Livestock and Livestock
--------------------------------------------
ETFS Gasoline WisdomTree Gasoline
--------------------------------------------
ETFS Gold WisdomTree Gold
--------------------------------------------
ETFS Grains WisdomTree Grains
--------------------------------------------
ETFS Heating Oil WisdomTree Heating Oil
--------------------------------------------
ETFS Industrial Metals WisdomTree Industrial Metals
--------------------------------------------
ETFS Lead WisdomTree Lead
--------------------------------------------
ETFS Lean Hogs WisdomTree Lean Hogs
--------------------------------------------
ETFS Live Cattle WisdomTree Live Cattle
--------------------------------------------
ETFS Livestock WisdomTree Livestock
--------------------------------------------
ETFS Longer Dated Agriculture WisdomTree Agriculture Longer Dated
--------------------------------------------
ETFS Longer Dated All Commodities WisdomTree Broad Commodities Longer
Dated
--------------------------------------------
ETFS Longer Dated Brent WisdomTree Brent Crude Oil Longer Dated
Crude
--------------------------------------------
ETFS Longer Dated Energy WisdomTree Energy Longer Dated
--------------------------------------------
ETFS Longer Dated Industrial WisdomTree Industrial Metals Longer
Metals Dated
--------------------------------------------
ETFS Longer Dated WTI Crude WisdomTree WTI Crude Oil Longer Dated
Oil
--------------------------------------------
ETFS Natural Gas WisdomTree Natural Gas
--------------------------------------------
ETFS Nickel WisdomTree Nickel
--------------------------------------------
ETFS Petroleum WisdomTree Petroleum
--------------------------------------------
ETFS Precious Metals WisdomTree Precious Metals
--------------------------------------------
ETFS Silver WisdomTree Silver
--------------------------------------------
ETFS Softs WisdomTree Softs
--------------------------------------------
ETFS Soybean Oil WisdomTree Soybean Oil
--------------------------------------------
ETFS Soybeans WisdomTree Soybeans
--------------------------------------------
ETFS Sugar WisdomTree Sugar
--------------------------------------------
ETFS Tin WisdomTree Tin
--------------------------------------------
ETFS Wheat WisdomTree Wheat
--------------------------------------------
ETFS WTI Crude Oil WisdomTree WTI Crude Oil
--------------------------------------------
ETFS Zinc WisdomTree Zinc
--------------------------------------------
The eighteenth supplemental trust instrument also makes
consequential and other minor amendments to the Trust
Instrument.
The changes made by the eighteenth supplemental trust instrument
come into effect on its effective date, which will be 26 September
2019.
Terms used in this announcement and not otherwise defined bear
the same meanings as where used in the prospectus of the Issuer
dated 29 May 2019.
For further information, please contact:
Ciaran Hocking
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: etfsjersey@rhfsl.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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