Last checked at 8 Mar 2017 13:59
ETFS Commodity Securities Limited
LEI: 21380068Q1JSIAN4FO63
8 March 2017
ETFS Commodity Securities Limited
ETFS Short & Leveraged Commodity Securities - Supplemental Trust Instrument
ETFS 2x Daily Long Brent Crude Individual Securities
ETFS 2x Daily Long Cocoa Individual Securities
ETFS 2x Daily Long Coffee Individual Securities
ETFS 2x Daily Long Corn Individual Securities
ETFS 2x Daily Long Gasoline Individual Securities
ETFS 2x Daily Long Wheat Individual Securities
ETFS 2x Daily Long WTI Crude Oil Individual Securities
ETFS 3x Daily Short Sugar Individual Securities
ETFS 3x Daily Short WTI Crude Oil Individual Securities
ETFS 3x Daily Long WTI Crude Oil Individual Securities
ETFS 2x Daily Long Industrial Metal Index Securities
ETFS 2x Daily Long Nickel Individual Securities
ETFS 3x Daily Short Coffee Individual Securities
ETFS 3x Daily Short Natural Gas Individual Securities
(the "Affected Securities")
Further to the announcements made by ETFS Commodity Securities Limited (the "Issuer") on 1 February 2017, 23 February 2017 and 2 March 2017 in relation to meetings of the holders of the Affected Securities, notice is hereby given that by a Supplemental Trust Instrument between the Issuer and The Law Debenture Trust Corporation p.l.c. (as trustee on behalf of the holders of Commodity Securities) dated 8 March 2017 (the "Supplemental Trust Instrument") certain changes to the conditions of the Affected Securities have been made.
The changes, which were approved by an extraordinary resolution of the holders of each class of Affected Securities of the Issuer at the adjourned meetings of holders of the Affected Securities which took place on 2 March 2017, is the reduction in the principal amount of each of the Affected Securities, as detailed in the Supplemental Trust Instrument and as described below:
Class of Affected Securities | Previous Principal Amount | New Principal Amount |
ETFS 2x Daily Long Brent Crude Individual Securities | US$18.76 | US$5.00 |
ETFS 2x Daily Long Cocoa Individual Securities | US$2.58 | US$0.90 |
ETFS 2x Daily Long Coffee Individual Securities | US$0.89 | US$0.35 |
ETFS 2x Daily Long Corn Individual Securities | US$1.19 | US$0.35 |
ETFS 2x Daily Long Gasoline Individual Securities | US$1.43 | US$0.40 |
ETFS 2x Daily Long Wheat Individual Securities | US$8.064 | US$2.90 |
ETFS 2x Daily Long WTI Crude Oil Individual Securities | US$24.36 | US$5.00 |
ETFS 3x Daily Short Sugar Individual Securities | US$5.00 | US$0.95 |
ETFS 3x Daily Short WTI Crude Oil Individual Securities | US$5.00 | US$2.00 |
ETFS 3x Daily Long WTI Crude Oil Individual Securities | US$5.00 | US$1.50 |
ETFS 2x Daily Long Industrial Metal Index Securities | US$1.36 | US$0.55 |
ETFS 2x Daily Long Nickel Individual Securities | US$11.70 | US$4.60 |
ETFS 3x Daily Short Coffee Individual Securities | US$5.00 | US$1.90 |
ETFS 3x Daily Short Natural Gas Individual Securities | US$5.00 | US$1.75 |
For further information, please contact:
Richard Parker
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: richard.parker@rhfsl.com
Ciaran Hocking
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: ciaran.hocking@rhfsl.com