WisdomTree Multi Asset Issuer PLC Wisdomtree Nasdaq 100(R) 3x Daily Short Securities Proposed Amendment To The Principal Amou...
April 15 2021 - 6:17AM
UK Regulatory
TIDM3LOI
15 April 2021
LEI: 2138003QW2ZAYZODBU23
LSE Code: QQQS
WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
(a public company incorporated with limited liability in Ireland)
WISDOMTREE NASDAQ 100(R) 3X DAILY SHORT SECURITIES
PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIES
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 WisdomTree NASDAQ 100(R) 3x
Daily Short Securities (the "Affected Securities") of WisdomTree Multi
Asset 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.
The Issuer wishes to announce that the Meeting of the holders of the
Affected Securities (with ISIN IE00BLRPRJ20) scheduled for 15 April 2021
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 at 11:00 a.m. on Friday 7 May
2021, being a date not less than 14 calendar days and not more than 42
days after the Original Meeting, and will be held by way of virtual
meeting (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
12.18 to USD 1.218. This follows the price of the Affected Securities
falling below 500 per cent. of its current principal amount on Tuesday
16 March 2021, 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 March 2021.
It is important to note that:
-- The reduction of the Principal Amount of the Affected Securities does NOT
dilute an Affected Security Holder's holding or reduce the value of an
Affected Security Holder's holding.
-- The reduction of the Principal Amount does NOT negatively impact the
ability of the investor to trade the Affected Securities.
-- The reduction of the Principal Amount does NOT affect the amount an
Affected Security Holder would, in practice, receive on redemption of the
Affected Securities.
Holders of the Affected Securities have received a form of proxy by post,
directing them to submit their voting instructions through the relevant
ICSD or the relevant participant in an ICSD on the matters being
considered at the Original Meeting and at the Adjourned Meeting. 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 March 2021, and also available on the website of
the Issuer, at
https://www.wisdomtree.eu/en-gb/-/media/eu-media-files/other-documents/operational/corp-action/boost/rns-corporate-actions/qqqs---pa-reduc---initial-notice-23-march-2021_final.pdf.
Holders of the Affected Securities will not be permitted to attend the
Adjourned Meeting physically in person, and are strongly advised to vote
by proxy. In case of queries in relation to proxy voting, please contact
Link Asset Services at enquiries@linkgroup.ie.
If holders of the Affected Securities wish to attend the Adjourned
Meeting, arrangements will be made for them to attend virtually via such
teleconference facility as shall be specified by the chairperson ahead
of the Adjourned Meeting. Holders of the Affected Securities who wish to
attend the Adjourned Meeting in this way are directed to contact Apex
IFS Limited at IFSCOSEC@apexfs.com no later than half an hour before the
Adjourned Meeting, and will require proof of identity and holding.
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 Adjourned 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.
(END) Dow Jones Newswires
April 15, 2021 07:17 ET (11:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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