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Results Meeting & Supplemental Trust Instrument

6 Jul 2015 13:13

RNS Number : 2753S
ETFS Commodity Secs Ltd
06 July 2015
 



 

ETFS Commodity Securities Limited

6 July 2015

 

ETFS Commodity Securities Limited

Results of Meeting and Supplemental Trust Instrument

 

 WTI Crude Oil Micro Securities, ETFS  WTI Crude Oil Individual Securities, ETFS All Commodities Index Securities, ETFS Energy Index Securities, ETFS Petroleum Index Securities and ETFS Ex-Agriculture & Livestock Index Securities (the "Affected Securities").

Further to the announcements made by ETFS Commodity Securities Limited (the "Issuer") on 22 May 2015 and19 June 2015 in relation to meetings of the holders of the Affected Securities, notice is hereby given that at the adjourned meeting held on 3 July 2015 the Extraordinary Resolution set out in the Notice of Meeting for the holders of the Affected Securities (the "Extraordinary Resolution") was duly passed by the requisite majority. 

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 3 July 2015 (the "Supplemental Trust Instrument") certain changes to the conditions of the Affected Securities have been made.

The changes, approved by the Extraordinary Resolution, are the reduction in the principal amounts of each Affected Security, as a result of the reduction in the principal amount of each WTI Crude Oil Micro Security to US$0.00000115. Accordingly, the principal amount of the other Affected Securities is reduced as detailed in the Supplemental Trust Instrument and as described below:

Type of Commodity Security

 

Previous Principal Amount

 

New Principal Amount

 

WTI Crude Oil Micro Securities

US$0.000005

US$0.00000115

ETFS WTI Crude Oil Individual Securities

US$5.00

US$1.15

ETFS All Commodities Index Securities

US$2.09784602

 US$1.605492246

ETFS Energy Index Securities

US$1.59845259

US$0.783046174

ETFS Petroleum Index Securities

US$4.01208375

US$2.438796650

ETFS Ex-Agriculture & Livestock Index Securities

US$2.41452469

US$1.566619984

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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