Boost Issuer PLC Boost Issuer Plc : Miscellaneous
March 18 2016 - 7:03AM
UK Regulatory
TIDM3LOI
18 March 2016
LSE Code: 3NGL
BOOST ISSUER PUBLIC LIMITED COMPANY
(a public company incorporated with limited liability in Ireland)
BOOST NATURAL GAS 3X LEVERAGE 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.
If you have sold or transferred all of your Boost Natural Gas 3x
Leverage 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 Natural Gas 3x Leverage Daily
ETP Securities (the "Affected Securities", with ISIN IE00B8VC8061)
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 Monday 4 April 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
0.20 to USD 0.02. This follows the price of the Affected Securities
falling below 500 per cent. of its current principal amount on 19
February 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 23 February
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 23 February 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#1995930
http://www.boostetp.com/
(END) Dow Jones Newswires
March 18, 2016 08:03 ET (12:03 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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