Source - LSE Regulatory
RNS Number : 5268X
GraniteShares Financial PLC
04 May 2021
 

30 April 2021

LEI: 635400MFOIY6BX1JUC92

ISIN: XS2193972671

LSE Code: 3STS

 

GRANITESHARES FINANCIAL PLC (the "Issuer")

GRANITESHARES 3X SHORT TESLA DAILY ETP SECURITIES (the "ETP Securities")

NOTICE OF CONDOLIDATION OF SECURITIES

 

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.

 

NOTICE is hereby given by the Issuer to the holders of the ETP Securities pursuant to Condition 20(b) (Notices) that, in accordance with Condition 19 (Consolidation and Division of ETP Securities), the Issuer is planning to consolidate all of the ETP Securities into ETP Securities with a proportionally larger Minimum Redemption Amount and Value per ETP Security. Such consolidation will be affected by way of Supplemental Trust Deed dated on or about 17 April 2021 between, inter alios, the Issuer and the Trustee.

ETP Securities

GraniteShares 3x Short Tesla Daily ETP

Record Date of consolidation of ETP Securities

14 May 2021

Effective Date of consolidation of ETP Securities

17 May 2021

Details of consolidation

Each 1,500 ETP Securities held by a Securityholder will be consolidated into 1 ETP Securities.

 

Pursuant to Condition 19 of the ETP Securities, whenever as a result of consolidation of ETP Securities, a Securityholder would become entitled to a fraction of an ETP Security, the Issuer will redeem such fractional ETP Security. Each fractional ETP Security shall become due and payable at the greater of the Value per ETP as determined on the Record Date and the Minimum Redemption Amount.

 

 

 

 

Capitalised terms not defined herein shall have the meaning given to them in the Issue Deed relating to the ETP Securities).

 

This Notice is given by the Issuer.

 

GRANITESHARES FINANCIAL PLC

 

 

By: _/s/ Romira Hoxha_____________________________________

Name:   Romira Hoxha

 

Title:      Director

 

3rd Floor, Kilmore House

Park Lane, Spencer Dock

Dublin 1

Ireland

 

 

 

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