GraniteShares Financial PLC Granite 3xS MicroStrategy-Reverse Split-19 June (6980B)
June 05 2023 - 10:43AM
UK Regulatory
TIDMSMI3
RNS Number : 6980B
GraniteShares Financial PLC
05 June 2023
02 June 2023
LEI: 635400MFOIY6BX1JUC92
Current ISIN: XS2435550780
New ISIN: XS2633105197
London Stock Exchange TDIM: 3SMI/SMI3
GRANITESHARES FINANCIAL PLC (the "Issuer")
GRANITESHARES 3X SHORT MICROSTRATEGY 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 19 June 2023 between, inter alios, the Issuer and the
Trustee.
ETP Securities GraniteShares 3x Short MicroStrategy Daily
ETP
Record Date 17 June 2023
-----------------------------------------------------
First trading date 19 June 2023
of the consolidated
Securities
-----------------------------------------------------
Details of consolidation Each 100,000 ETP Securities held by a Securityholder
will be consolidated into 1 ETP Securities.
-----------------------------------------------------
New ISIN The consolidation will result in change of
ISIN from XS2435550780 to XS2633105197
-----------------------------------------------------
New SEDOLs The consolidation will result in change of
SEDOLs:
USD trading line (3SMI): the SEDOL will change
from BMHWDB4 to BRJVFR4
GBX trading line (SMI3): the SEDOL will change
from BMHWFH4 to BRJVFV8
-----------------------------------------------------
The Record Date is the last day of trading before the
consolidation. Trading of the consolidated securities of each class
will commence on Monday 19 June 2023.
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/ Aileen Mannion______
Name: Aileen Mannion
Title: Director
3(rd) Floor, Kilmore House
Park Lane, Spencer Dock
Dublin 1
Ireland
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END
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