TIDMPLU3 TIDM3PLU TIDM3PLE

RNS Number : 8549G

Leverage Shares PLC

21 July 2023

NOTICE TO ETP SECURITYHOLDERS OF RESULT OF ADJOURNED MEETING

To the holders of the outstanding

 
                                                  Leverage Shares 3x Plug Power ETP Securities

ISIN: XS2336361345

(the "ETP Securityholders" and the "ETPs" respectively)

of Leverage Shares plc (the "Issuer")

NOTICE IS HEREBY GIVEN to the holders of the above ETPs that, at the adjourned meeting of the ETP Securityholders held at 2 (nd) Floor, Block 5, Irish Life Centre, Abbey Street Lower, Dublin 1, Ireland at 1.45 pm Dublin time on 21 July 2023 (the "Adjourned Meeting") the Extraordinary Resolution set out in Schedule 1 hereto was duly passed.

The Issuer will, in due course, notify ETP Securityholders of the Consolidation Ratio and the date on which the Consolidation will become effective.

Capitalised terms used in this Notice have the same meaning as those defined in the Notice of Adjourned Meeting dated 6 July 2023, unless otherwise defined herein or unless the context otherwise requires.

Yours sincerely

The Directors

Leverage Shares plc

SCHEDULE 1

EXTRAORDINARY RESOLUTION

 
"THAT this meeting of the holders of the Leverage Shares 3x Plug 
 Power ETP Securities of

Leverage Shares plc currently outstanding (the "ETP Securityholders", the "ETP Securities" and the "Issuer" respectively) constituted by the master trust deed originally dated 5 December 2017 as most recently amended and restated on 16 August 2022 and as supplemented by a supplemental trust deed dated 15 March 2021 (the "Trust Deed") made between, among others, the Issuer and Apex Corporate Trustees (UK) Limited (the "Trustee") as trustee for the ETP Securityholders hereby resolves by way of Extraordinary Resolution to:

1. assent to the Consolidation and to waive any breach or default of the Conditions or any of the Programme Documents occurring up to the date hereof which has arisen in relation or as a consequence of the First Matter and/or the Second Matter (collectively the "Proposed Amendments") and authorise and direct the Trustee to concur and agree to the Proposed Amendments and authorise and direct the Trustee and the Issuer, where applicable, to execute the Consolidation Supplemental Trust Deed (the matters referred to above, the "Proposal");

2. sanction every abrogation, modification, variation, compromise or arrangement in respect of the rights of the ETP Securityholders appertaining to the ETP Securities, whether or not such rights arise under the Trust Deed, involved in or resulting from or effected by the Proposal and its implementation;

3. authorise, direct, request and empower the Trustee and the Issuer to concur in the Proposal and, in order to give effect thereto and to implement the same, to execute the Consolidation Supplemental Trust Deed and to execute and do, all such other deeds, instruments, acts and things as may be necessary, expedient, desirable or appropriate to carry out and give effect to this Extraordinary Resolution and the implementation of the Proposal;

4. discharge and exonerate the Trustee and the Issuer from all and any liability for which they may have become or may become responsible under the Trust Deed or the ETP Securities in respect of any act or omission in connection with the Proposal, its implementation or this Extraordinary Resolution and its implementation;

5. irrevocably and unconditionally waive any claim that we may have against the Trustee as a result of anything done or omitted to be done by the Trustee in good faith in connection with this (i) Extraordinary Resolution, (ii) the Consolidation, (iii) the Consolidation Supplemental Trust Deed, (iv) the Proposed Amendments and/ or (v) the Proposal;

6. indemnify the Trustee, on demand, against any cost, loss or liability incurred in connection with (i) any act (or omission to act) or step implementing this Extraordinary Resolution, (ii) the Consolidation, (iii) the Consolidation Supplemental Trust Deed, (iv) the Proposed Amendments and/ or (v) the Proposal; unless such cost, loss or liability has been caused by the Trustee's fraud, gross negligence or wilful default; and

7. acknowledge that capitalised terms used in this Extraordinary Resolution have the same meanings as those defined in the Notice of Adjourned Meeting and/ or the Trust Deed (including the Conditions of the ETP Securities), unless otherwise defined herein or unless the context otherwise requires."

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END

ROMEASXFADADEFA

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July 21, 2023 11:37 ET (15:37 GMT)

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