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20 May 2022 09:24
Gold Bullion Securities Limited
LEI: 213800EE1LGIXW16QB30
20 May 2022
Gold Bullion Securities Limited (the "Issuer")
DE ISIN Transition
Dear Security holder
Background
Certain classes of securities of the Issuer (the Securities) are currently issued on multiple ISINs. The Securities have primary ISINs beginning with JE or GB (the Jersey ISINs) and secondary ISINs beginning with DE which are issued under a Global Bearer Certificate (the DE ISINs). The Issuer has the ability under the conditions of the products to merge the Jersey ISINs with the DE ISINs.
It is proposed to merge the current DE ISINs with the Jersey ISINs (the Transition) on or around 19 August 2022 (the Transition Date). The DE ISINs which are linked to the Global Bearer Certificates will be deactivated and replaced with the existing Jersey ISINs. Existing WKNs associated with the DE ISIN (the DE ISIN WKN) will also merge into the WKNs associated with the Jersey ISINs (the Jersey ISIN WKNs) and these can be used for future reference and trading. Please refer to the table below for more details of the impacted Securities.
Existing SEDOLs codes associated with the DE ISINs will be replaced by the SEDOLs codes associated with the Jersey ISINs (the Jersey ISIN SEDOLs). The Jersey ISIN SEDOLs will be informed through an RNS announcement in advance of the Transition Date.
The Transition is automatically done within the Clearstream system and no action is required from security holders.
The Transition will apply to all of the Securities which are listed in Appendix I.
Key Implications of the Changes
(1) All existing holdings under DE ISINs will merge into the Jersey ISINs on the Transition Date and these can be used for future reference and trading.
(2) The Securities will continue to trade on the same exchanges as they currently are trading.
(3) The identifiers are largely used by platforms and data vendors, who will be provided with updated information to ensure continuity for investors in the Issuer's German listings.
(4) Investors will still be able to access all the trading venues and platforms where the products are currently available but will use the Jersey ISINs, the Jersey ISIN SEDOLs and the Jersey ISIN WKNs to reference the products.
(5) You will continue to hold the same Securities following the Transition, and your rights will not be affected.
(6) The price of the Securities will remain the same following the implementation of the Transition.
(7) Investors who currently hold their Securities through a nominee or broker account will not be impacted by the Transition and will continue to hold a beneficial entitlement to the Securities in the same way that they hold their entitlement.
(8) You will continue to hold, or have a beneficial entitlement to, the same Securities following the Transition; there is no exchange of Securities or sale of Securities as part of the Transition.
(9) The Transition is not expected to be a chargeable event for tax purposes, however investors are advised to liaise with their tax advisors in relation to the tax implications in individual circumstances.
Should you have any questions in relation to the above, please do not hesitate to contact WisdomTree UK Limited at infoeu@wisdomtree.com.
Appendix I
Class of security | Jersey ISIN | Jersey ISIN WKN | DE ISIN (will be deactivated as at the close on 19 August 2022 and will be replaced by Jersey ISIN) | DE ISIN WKN (will be deactivated as at the close on 19 August 2022 and will be replaced by Jersey ISIN WKN) |
Gold Bullion Securities
| GB00B00FHZ82
| A0CANA
| DE000A0LP781
| A0LP78
|
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