Last checked at 18 Sep 2023 07:00
15 September 2023
LEI: 635400MFOIY6BX1JUC92
Current ISIN: XS2305051521
New ISIN: XS2684011997
London Stock Exchange TDIM: SGFM/SGMP/SGME
GRANITESHARES FINANCIAL PLC (the "Issuer")
GRANITESHARES 1x SHORT GAFAM DAILY ETP SECURITIES (the "ETP Securities")
NOTICE OF CONDOLIDATION OF SECURITIES
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.
NOTICE is hereby given by the Issuer to the holders of the ETP Securities pursuant to Condition 20(b) (Notices) that, in accordance with Condition 19 (Consolidation and Division of ETP Securities), the Issuer is planning to consolidate all of the ETP Securities into ETP Securities with a proportionally larger Minimum Redemption Amount and Value per ETP Security. Such consolidation will be affected by way of Supplemental Trust Deed dated on or about 03 October 2023 between, inter alios, the Issuer and the Trustee.
ETP Securities | GraniteShares 1x Short GAFAM Daily ETP Securities |
Record Date | 29 September 2023 |
First trading date of the consolidated Securities | 02 October 2023 |
Details of consolidation | Each 10 ETP Securities held by a Securityholder will be consolidated into 1 ETP Securities. |
New ISIN | The consolidation will result in change of ISIN from XS2305051521 to XS2684011997 |
New SEDOLs | The consolidation will result in change of SEDOLs: USD trading line (SGFM): the SEDOL will change from BKY7P78 to BQBBD82 GBX trading line (SGMP): the SEDOL will change from BKVCTJ6 to BQBBD93 EUR trading line (SGME): the SEDOL will change from BKVCSJ9 to BQBBDB5 |
The Record Date is the last day of trading before the consolidation. Trading of the consolidated securities of each class will commence on Monday 02 October 2023.
Pursuant to Condition 19 of the ETP Securities, whenever as a result of consolidation of ETP Securities, a Securityholder would become entitled to a fraction of an ETP Security, the Issuer will redeem such fractional ETP Security. Each fractional ETP Security shall become due and payable at the greater of the Value per ETP as determined on the Record Date and the Minimum Redemption Amount.
Capitalised terms not defined herein shall have the meaning given to them in the Issue Deed relating to the ETP Securities.
This Notice is given by the Issuer.
GRANITESHARES FINANCIAL PLC
By: ___/s/ Raja Gul__________
Name: Raja Gul
Title: Director
3rd Floor, Kilmore House
Park Lane, Spencer Dock
Dublin 1
Ireland