Last checked at 6 Dec 2019 15:27
Wisdomtree Multi Asset Issuer Public Limited Company - PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIES
6 December 2019
LEI: 2138003QW2ZAYZODBU23
LSE Code: VIXL
WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY(a public company incorporated with limited liability in Ireland)WISDOMTREE S&P 500 VIX SHORT-TERM FUTURES 2.25X DAILY LEVERAGED 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 S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged 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 WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged Securities (the “Affected Securities”, with ISIN IE00BYTYHQ58) scheduled for 4 December 2019 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 23 December 2019, being a date not more than 30 days after the Original Meeting, and will be held at the offices of Apex IFS Limited in 2 Grand Canal Square, Grand Canal Harbour, Dublin 2, D02 A342, 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 0.002 to USD 0.0002. This follows the price of the Affected Securities falling below 500 per cent. of its current principal amount on 4 November 2019, 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 11 November 2019.
Holders of the Affected Securities have received a form of proxy by post, allowing them to vote 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 11 November 2019, and also available 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.
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.