Boost Issuer PLC Boost Issuer Plc : Miscellaneous
August 10 2016 - 7:13AM
UK Regulatory
TIDM3LOI
10 August 2016
LSE Code: QQQS
BOOST ISSUER PUBLIC LIMITED COMPANY
(a public company incorporated with limited liability in Ireland)
BOOST NASDAQ 100 3X SHORT DAILY ETP SECURITIES
PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIES
ADJOURNMENT OF MEETING OF THE ETP SECURITYHOLDERS
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. In case of queries,
please contact Capita's shareholder helpline on +353 1 553 0050.
If you have sold or transferred all of your Boost NASDAQ 100 3x Short
Daily ETP Securities (the "Affected Securities") of Boost Issuer Public
Limited Company (the "Issuer"), please send this document, together with
the accompanying form of proxy, at once to the purchaser or transferee
or stockbroker, banker or other agent through whom the sale or transfer
was made, for onward transmission to the purchaser or transferee.
Boost Issuer Public Limited Company (the "Issuer") wishes to announce
that the Meeting of the holders of Boost NASDAQ 100 3x Short Daily ETP
Securities (the "Affected Securities", with ISIN IE00B8VZVH32) scheduled
for today at 11:00 a.m. (the "Original Meeting") has been adjourned, in
accordance with paragraph 20 of Schedule 7 of the Trust Deed, for lack
of a quorum. The adjourned meeting will be reconvened on 11:00 a.m. on
Thursday 25 August 2016, being a date not more than 30 days after the
Original Meeting, and will be held at the offices of Capita
International Financial Services (Ireland) Limited in 2 Grand Canal
Square, Grand Canal Harbour, Dublin 2, Ireland (the "Adjourned
Meeting").
The Adjourned Meeting is being held to consider certain amendments to
documentation, made under the powers set out in clause 2 of schedule 7
of the master trust deed of the Affected Securities, required to effect
a reduction in the principal amount of the Affected Securities from USD
2.00 to USD 0.20. This follows the price of the Affected Securities
falling below 500 per cent. of its current principal amount on 11 July
2016, and is designed to maintain the normal trading and operations of
the Affected Securities. Full details of the Proposal and Extraordinary
Resolution are set out in the notice dated 13 July 2016.
Holders of the Affected Securities will receive a form of proxy by post,
allowing them to vote on the matters being considered at the Meeting by
proxy. Under article 11.5 of the Issuer's Articles of Association, no
further notification is required for the Adjourned Meeting. Holders of
the Affected Securities are therefore directed to the original
notification posted to them on 13 July 2016, and also available on the
website of the Issuer, at www.boostetp.com/Content/Regulatory-Documents.
Holders of the Affected Securities should note that a duly completed
form of proxy deposited in respect of the Original Meeting will continue
to be valid for the Adjourned Meeting unless previously revoked or
suspended by a further form of proxy prior to the Meeting.
In accordance with normal practice, The Law Debenture Trust Corporation
p.l.c., as trustee, expresses no opinion as to the merits of the
Proposal, the terms of which were not negotiated by it. It has however
authorised it to be stated that, on the basis of the information
contained in the original circular and in this document (which it
advises holders of Affected Securities to read carefully) it has no
objection to the form in which the Proposal and Notice of Meeting are
presented to holders of Affected Securities for their consideration.
Holders of the Affected Securities will be notified of the outcome of
the Adjourned Meeting shortly thereafter.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Boost Issuer PLC via Globenewswire
HUG#2034325
http://www.boostetp.com/
(END) Dow Jones Newswires
August 10, 2016 07:13 ET (11:13 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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