WisdomTree Multi Asset Issuer PLC Proposed Amendment To The Principal Amount Of The Affected Securities Meeting Of The Etp Se...
April 30 2021 - 5:04AM
UK Regulatory
TIDM3LOI
30 April 2021
LEI: 2138003QW2ZAYZODBU23
LSE Code: 3HCS
WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
(a public company incorporated with limited liability in Ireland)
WISDOMTREE COPPER 3x DAILY SHORT SECURITIES
ISIN: IE00B8KD3F05
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.
NOTICE is hereby given that, pursuant to the provisions of the trust
deed dated 30 November 2012 (as amended) constituting (inter alia) the
WisdomTree Copper 3x Daily Short Securities (the "Affected Securities")
and made between (1) WisdomTree Multi Asset Issuer Public Limited
Company (the "Issuer"), (2) The Law Debenture Trust Corporation p.l.c.
(the "Trustee") and (3) WisdomTree Multi Asset Management Limited (the
"Manager"), a meeting of the holders of the Affected Securities (the
"Affected Securities Holders"), convened by the Issuer, will be held by
way of virtual meeting on Wednesday 26 May 2021 at 11 a.m. local time
(the "Meeting").
The Meeting is being held to consider certain amendments, made under the
powers set out in clause 2 of schedule 7 of the master trust deed of the
Affected Securities, to documentation required to effect a reduction in
the principal amount of the Affected Securities from USD2.0 to USD 0.2.
This follows the price of the Affected Securities falling below 500 per
cent of its current principal amount on Monday 26 April 2021 (the
"Threshold Event Date").
In a scenario where the vote does not pass, if the price then falls
below 200% of the principal amount on or after 60 days from the
Threshold Event Date, then a compulsory redemption event will be
triggered and the Issuer will be required to compulsorily redeem all
Affected Securities Holders.
In order to maintain the normal trading and operations of the Affected
Securities and to avoid a compulsory redemption event being triggered,
the Issuer considers that the principal amount of the Affected
Securities should be reduced.
The reduction in the principal amount will not affect the price of the
Affected Securities as the price is calculated by reference to the
underlying index and not to the principal amount of the Affected
Securities.
It is important to note that:
-- The reduction of the principal amount of the Affected Securities does NOT
dilute an Affected Securities Holder's holding or reduce the value of an
Affected Securities 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 Securities Holder would, in practice, receive on redemption of
the Affected Securities.
Affected Securities Holders may also access the notification, including
the circular, on the website of the Issuer, at
https://www.wisdomtree.eu/en-gb/resource-library/prospectus-and-regulatory-reports#tab-2A942D42-5AA1-4008-9080-3C2DADB050A7
https://www.globenewswire.com/Tracker?data=fmBJUvWh5EnTBwSxEevTmrc6uerWx1KcrNwrQ7fDsR48Mfxm2_FHOuYDll9EzRXG2adyB1rmCMReBDGGNZjX6RbEVa2toBzeN0FNVAIX-W60cX15_ClrSQJuLRBpJ0d9o4UI0szL4pxjkMMkJa1PUdxvv3y1KabYH7HGKCAbqaLTxKCC1E5bYionrZSeN_zbqQQaqlH_CL7fVhUN_a7X19IxI6MGz3thGEIi8pLavk0sHvRGIZxVzd5wDepXalDQFVoXJLm89kZ3ne7Zrr72cfxnt7s99ywZ8lS3BrYCFzJAgTBh_O3U3I07vr__584_24dxyVSzxVMl4wIVgJCOqAJV2bJakCM1le-NxU_k2WA=
Holders of the Affected Securities are advised to check with any bank,
securities broker or other intermediary through which they hold their
Affected Securities when such intermediary would need to receive
instructions from a holder of Affected Securities in order for such
holder of Affected Securities to participate in the Meeting by the
deadlines specified in this circular. The deadlines set by any such
intermediary and each ICSD for the submission instructions will be
earlier than the relevant deadlines specified in this circular.
In relation to the delivery instructions or obtaining voting
certificates or otherwise making arrangements for the giving of voting
instructions, in each case through the ICSDs, holders of the Affected
Securities should note the particular practice and policy of the
relevant ICSDs, including any earlier deadlines set by such ICSD. The
deadlines set by any intermediary or by the ICSDs will be earlier than
the deadlines set out in this circular.
Affected Securities Holders will be notified of the outcome of the
Meeting shortly thereafter.
(END) Dow Jones Newswires
April 30, 2021 06:04 ET (10:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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