Less Ads, More Data, More Tools Register for FREE

Pin to quick picks3x Long Coin Regulatory News (3CNE)

Share Price Information for 3x Long Coin (3CNE)

Share Price is delayed by 15 minutes
Get Live Data
0.27    -0.004 (-1.46%)
Bid:
0.257
Ask:
0.265
Spread: 0.008 (3.113%)
Market Cap: -
3CNE Live PriceLast checked at - London Stock Exchange

Intraday 3x Long Coin Share Chart

3x Coinbase Intraday Rebalance

12 May 2022 16:36

RNS Number : 3406L
Leverage Shares PLC
12 May 2022
 
 

Leverage Shares plc

 

 

12 May 2022

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE HOLDERS OF THE ETP SECURITIES. IF ANY ETP SECURITYHOLDER IS IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY

If you have recently sold or otherwise transferred your entire holding(s) of ETP Securities referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

NOTICE OF INTRADAY REBALANCE

Leverage Shares plc (the ("Issuer") hereby gives notice that at 09:38:20 EST on 12 May 2022 (the "Trigger Time"), the price of Coinbase Global, Inc. (the "Reference Asset") for the Leverage Shares 3x Long Coinbase (COIN) ETP Securities (ISIN: XS2399367254) (the "ETP Securities") reached a trading price of $44.67 on exchange (the "Trigger Value"), representing a drop of 16.85% from its previous closing price of $53.72, thereby crossing the -16.67% set in the index methodology for the iSTOXX Leveraged 3x COIN Index (the "Index").

 

This event triggered an intraday rebalance of the Index, which in turn triggered an intraday rebalance of the ETP Securities as provided in the Prospectus for the ETP Securities: https://leverageshares.com/documents/prospectus/Leverage-Shares-Base-Prospectus-7-December-2021.pdf (the "Prospectus").

Starting 5 minutes after the Trigger Time, the Issuer carried out an intraday rebalance over the 10-minute period following the Trigger Time using the Trigger Value as the reference (the "Intraday Rebalance"), achieving an average price of $44.87585 and setting an ETP Security Value of $0.0058 (the "Rebalanced ETP Security Value").

 

Terms used but not defined in this notice shall bear the meanings assigned to them in the Prospectus.

 

If you have any queries arising from this notice, please contact us at info@leverageshares.com.

 

Yours sincerely

 

 

 

 

The Directors

Leverage Shares plc

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCATMATMTJBBTT
Date   Source Headline
4th Aug 20257:00 amRNSLeverage Shares 3x Coin Intraday Rebalance
11th Mar 20259:09 amRNS3x COIN Intraday Rebalance
7th Jun 20237:00 amRNSIntraday Rebalance 3x Coinbase
23rd Mar 20232:53 pmRNSIntraday Rebalance 3x Coinbase
21st Dec 20225:25 pmRNSNotice of Resumption of Trading 3x Coinbase
20th Dec 202212:47 pmRNSNotice of Suspension of Trading 3x Coinbase
13th Dec 202212:30 pmRNSResult of Adjourned Meeting 3x Coinbase
28th Nov 20225:42 pmRNSNotice of Meeting - 3x Long Coinbase
26th Oct 20225:53 pmRNSNotice of Meeting - Leverage Shares 3x Coinbase
5th Aug 20224:40 pmRNSSecond Price Monitoring Extn
5th Aug 20224:35 pmRNSPrice Monitoring Extension
27th Jul 20224:39 pmRNSIntraday Rebalance 3x Long Coinbase
13th Jun 20226:15 pmRNSIntraday Rebalance 3x Coinbase
12th May 20224:36 pmRNS3x Coinbase Intraday Rebalance
11th May 20223:24 pmRNS3x Coinbase Intraday Rebalance
9th May 20225:04 pmRNS3x Coinbase Intraday Rebalance
16th Dec 20214:36 pmRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.