Leverage Shares PLC 3x Alibaba Confirmation of Consolidation Ratio (8775J)
December 15 2022 - 7:59AM
UK Regulatory
TIDMBAB3 TIDM3BAB TIDM3BBE
RNS Number : 8775J
Leverage Shares PLC
15 December 2022
Leverage Shares plc
15 December 2022
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
THE HOLDERS OF THE ETP SECURITIES. IF ANY ETP SECURITYHOLDER IS IN
ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT
THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY
If you have recently sold or otherwise transferred your entire
holding(s) of ETP Securities referred to below, you should
immediately forward this document to the purchaser or transferee or
to the stockbroker, bank or other agent through whom the sale or
transfer was effected for transmission to the purchaser or
transferee.
Notice to ETP Securityholders of the Leverage Shares 3x Alibaba
ETP Securities (ISIN: XS2337090851)
(the "Relevant Series")
Capitalised terms used, but not defined, in this notice shall
have the meaning given thereto in the Notice of Adjourned Meeting
of ETP Securityholders of the Relevant Series dated 28 November
2022 and/or the Master Definitions Schedule relation to the
Leverage Shares plc collateralised exchange traded securities
programme dated 16 May 2022.
On 13 December 2022, Leverage Shares plc (the "Issuer")
announced that the ETP Securityholders of the Relevant Series
approved the Consolidation of the ETP Securities of the Relevant
Series (the "ETPs").
The Consolidation will apply to ETP Securityholders of record as
of the close of markets on 16 December 2022. The ETPs will trade at
their post-Consolidation ETP Security Value on 19 December 2022.
The ticker symbols for the ETPs will not change.
The Consolidation will increase the ETP Security Value of the
ETPs with a proportionate decrease in the number of ETPs
outstanding.
On 19 December 2022, in a 1 for 192 Consolidation, ETP
Securityholders will receive 1 ETP for every 192 ETPs held with a
proportionate increase in the ETP Security Value of the ETPs to
$10.03 per ETP.
If as a result of the Consolidation of the ETPs, an ETP
Securityholder would become entitled to a fraction of an ETP
Security, the Issuer will redeem such fractional ETP Security on 19
December 2022.
If you have any queries arising from this notice, please contact
us at info@leverageshares.com .
Yours sincerely
The Directors
Leverage Shares plc
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END
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