Last checked at 31 Jul 2019 11:48
ETFS Commodity Securities Limited
LEI: 21380068Q1JSIAN4FO63
31 July 2019
ETFS Commodity Securities Limited
Short and Leveraged Commodity Securities
Compulsory Redemption of certain classes of Short and LeveragedCommodity Securities and Change of Name
ETFS Commodity Securities Limited (the "Issuer") announces the following:
Compulsory Redemption of certain classes of Short and Leveraged Commodity Securities
The Issuer gives notice pursuant to Condition 8.1(b) of the Conditions that all Short and Leveraged Commodity Securities of the classes specified in the table below are to be redeemed compulsorily and that the Issuer has nominated 26 September 2019 to be the Compulsory Redemption Date in respect of all such classes of Short and Leveraged Commodity Securities.
Classes of Short and Leveraged Commodity Securities to be Redeemed
One Times Short Individual Securities
ETFS 1x Daily Short Aluminium Individual Securities
ETFS 1x Daily Short Cocoa Individual Securities
ETFS 1x Daily Short Coffee Individual Securities
ETFS 1x Daily Short Corn Individual Securities
ETFS 1x Daily Short Cotton Individual Securities
ETFS 1x Daily Short Gasoline Individual Securities
ETFS 1x Daily Short Heating Oil Individual Securities
ETFS 1x Daily Short Lead Individual Securities
ETFS 1x Daily Short Lean Hogs Individual Securities
ETFS 1x Daily Short Live Cattle Individual Securities
ETFS 1x Daily Short Platinum Individual Securities
ETFS 1x Daily Short Soybean Oil Individual Securities
ETFS 1x Daily Short Soybeans Individual Securities
ETFS 1x Daily Short Sugar Individual Securities
ETFS 1x Daily Short Tin Individual Securities
ETFS 1x Daily Short Wheat Individual Securities
ETFS 1x Daily Short Zinc Individual Securities
One Times Short Index Securities
ETFS 1x Daily Short Agriculture Index Securities
ETFS 1x Daily Short Energy Index Securities
ETFS 1x Daily Short Ex-Energy Index Securities
ETFS 1x Daily Short Grains Index Securities
ETFS 1x Daily Short Livestock Index Securities
ETFS 1x Daily Short Petroleum Index Securities
ETFS 1x Daily Short Precious Metals Index Securities
ETFS 1x Daily Short Softs Index Securities
Two Times Long Individual Securities
ETFS 2x Daily Long Cotton Individual Securities
ETFS 2x Daily Long Heating Oil Individual Securities
ETFS 2x Daily Long Lead Individual Securities
ETFS 2x Daily Long Lean Hogs Individual Securities
ETFS 2x Daily Long Live Cattle Individual Securities
ETFS 2x Daily Long Soybean Oil Individual Securities
ETFS 2x Daily Long Soybeans Individual Securities
ETFS 2x Daily Long Tin Individual Securities
ETFS 2x Daily Long Zinc Individual Securities
Two Times Long Index Securities
ETFS 2x Daily Long All Commodities Index Securities
ETFS 2x Daily Long Energy Index Securities
ETFS 2x Daily Long Ex-Energy Index Securities
ETFS 2x Daily Long Gasoline Index Securities
ETFS 2x Daily Long Grains Index Securities
ETFS 2x Daily Long Industrial Metal Index Securities
ETFS 2x Daily Long Livestock Index Securities
ETFS 2x Daily Long Precious Metals Index Securities
ETFS 2x Daily Long Softs Index Securities
Three Times Short Individual Securities
ETFS 3x Daily Short Coffee Individual Securities
ETFS 3x Daily Short Copper Individual Securities
ETFS 3x Daily Short Gold Individual Securities
ETFS 3x Daily Short Natural Gas Individual Securities
ETFS 3x Daily Short Silver Individual Securities
ETFS 3x Daily Short Sugar Individual Securities
ETFS 3x Daily Short Wheat Individual Securities
ETFS 3x Daily Short WTI Crude Oil Individual Securities
Three Times Long Individual Securities
ETFS 3x Daily Long Copper Individual Securities
ETFS 3x Daily Long Gold Individual Securities
ETFS 3x Daily Long Natural Gas Individual Securities
ETFS 3x Daily Long Silver Individual Securities
ETFS 3x Daily Long WTI Crude Oil Individual Securities
Redemption Forms received (or deemed received) prior to close of business on 23 September 2019 will be valid and will be processed in the normal way. Redemption Forms received (or deemed received) on or after that day will be invalid. Any Short and Leveraged Commodity Securities of the relevant classes then remaining in issue will be Redeemed compulsorily in accordance with the Conditions.
It is expected that the Redemption Payment Date in respect of the Compulsory Redemption of each relevant class of Short and Leveraged Commodity Securities will be 1 October 2019. Settlement of cash redemption proceeds due to Security Holders holding their Short and Leveraged Commodity Securities of the relevant classes in uncertificated form is expected to be made via CREST on or about 2 October 2019.
In the case of Security Holders holding their Short and Leveraged Commodity Securities of the relevant classes in certificated form, it is expected that payment will be made by way of US dollar cheque sent to them at their address on the register on or about 2 October 2019.
It is expected that the impacted securities will stop trading on their respective exchanges after the close of trading on or around 16 September 2019. If you wish to sell your securities before the compulsory redemption of these securities, you should do so by the close of trading on this date.
Change of Name
The Issuer announces that with effect from 26 September 2019 its name will change to WisdomTree Commodity Securities Limited and the names of the Short and Leveraged Commodity Securities will be changed to include "WisdomTree" in place of "ETFS" and further changed for consistency across WisdomTree's range of products.
The Issuer has, by special resolution, resolved to change its name to "WisdomTree Commodity Securities Limited" with effect from 26 September 2019. The change of name takes effect when the Jersey registrar of companies issues a revised certificate of incorporation reflecting the new name. This is expected to be on 26 September 2019.
The Issuer has entered into a nineteenth supplemental trust instrument dated 31 July 2019 with the Trustee (the Issuer having provided to the Trustee a certificate that in its opinion to do so is desirable and not prejudicial to the rights of the Security Holders) under which the names of the Short and Leveraged Commodity Securities then in issue will be changed as follows:
Current name | New name |
ETFS 1x Daily Short All Commodities | WisdomTree Broad Commodities 1x Daily Short |
ETFS 1x Daily Short Brent Crude | WisdomTree Brent Crude Oil 1x Daily Short |
ETFS 1x Daily Short Copper | WisdomTree Copper 1x Daily Short |
ETFS 1x Daily Short Gold | WisdomTree Gold 1x Daily Short |
ETFS 1x Daily Short Industrial Metals | WisdomTree Industrial Metals 1x Daily Short |
ETFS 1x Daily Short Natural Gas | WisdomTree Natural Gas 1x Daily Short |
ETFS 1x Daily Short Nickel | WisdomTree Nickel 1x Daily Short |
ETFS 1x Daily Short Silver | WisdomTree Silver 1x Daily Short |
ETFS 1x Daily Short WTI Crude Oil | WisdomTree WTI Crude Oil 1x Daily Short |
ETFS 2x Daily Long Agriculture | WisdomTree Agriculture 2x Daily Leveraged |
ETFS 2x Daily Long Aluminium | WisdomTree Aluminium 2x Daily Leveraged |
ETFS 2x Daily Long Brent Crude | WisdomTree Brent Crude Oil 2x Daily Leveraged |
ETFS 2x Daily Long Cocoa | WisdomTree Cocoa 2x Daily Leveraged |
ETFS 2x Daily Long Coffee | WisdomTree Coffee 2x Daily Leveraged |
ETFS 2x Daily Long Copper | WisdomTree Copper 2x Daily Leveraged |
ETFS 2x Daily Long Corn | WisdomTree Corn 2x Daily Leveraged |
ETFS 2x Daily Long Gold | WisdomTree Gold 2x Daily Leveraged |
ETFS 2x Daily Long Natural Gas | WisdomTree Natural Gas 2x Daily Leveraged |
ETFS 2x Daily Long Nickel | WisdomTree Nickel 2x Daily Leveraged |
ETFS 2x Daily Long Petroleum | WisdomTree Petroleum 2x Daily Leveraged |
ETFS 2x Daily Long Platinum | WisdomTree Platinum 2x Daily Leveraged |
ETFS 2x Daily Long Silver | WisdomTree Silver 2x Daily Leveraged |
ETFS 2x Daily Long Sugar | WisdomTree Sugar 2x Daily Leveraged |
ETFS 2x Daily Long Wheat | WisdomTree Wheat 2x Daily Leveraged |
ETFS 2x Daily Long WTI Crude Oil | WisdomTree WTI Crude Oil 2x Daily Leveraged |
ETFS 3x Daily Long Coffee | WisdomTree Coffee 3x Daily Leveraged |
ETFS 3x Daily Long Nickel | WisdomTree Nickel 3x Daily Leveraged |
ETFS 3x Daily Long Sugar | WisdomTree Sugar 3x Daily Leveraged |
ETFS 3x Daily Long Wheat | WisdomTree Wheat 3x Daily Leveraged |
ETFS 3x Daily Short Nickel | WisdomTree Nickel 3x Daily Short |
The nineteenth supplemental trust instrument also makes consequential and other minor amendments to the Trust Instrument.
The changes made by the nineteenth supplemental trust instrument come into effect on its effective date, which will be 26 September 2019.
Terms used in this announcement and not otherwise defined bear the same meanings as where used in the prospectus of the Issuer dated 24 May 2019.
For further information, please contact:
Ciaran Hocking
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: etfsjersey@rhfsl.com