Leverage Shares PLC Leverage Shares plc - RACE Index Modifications

RNS Number : 8456U

Leverage Shares PLC

02 July 2024

 

 

Leverage Shares plc

 

2 July 2024

 

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE HOLDERS OF THE ETP SECURITIES. IF ANY ETP SECURITYHOLDER IS IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY

 

If you have recently sold or otherwise transferred your entire holding(s) of ETP Securities referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

 

Notice to ETP Securityholders of the following Series of ETP Securities

issued by Leverage Shares plc (the "Issuer")

 

Leverage Shares 3x Ferrari ETP Securities (ISIN XS2595673190)

Leverage Shares -3x Ferrari ETP Securities (ISIN XS2595673786)

(the "Relevant Series")

 

Capitalised terms used, but not defined, in this notice shall have the meaning given thereto in the Amended and Restated and Master Definitions Schedule in relation to the Leverage Shares plc collateralised exchange traded securities programme dated 18 October 2023.

 

The Relevant Series have been established by the Issuer with the investment objective of tracking the iSTOXX Leveraged 3x RACE Index and the iSTOXX Inverse Leveraged -3x Race Index, respectively (the "Ferrari Indices").

 

The Issuer has been informed by STOXX Limited, the Index Sponsor of the Ferrari Indices, that the Ferrari Indices will be modified to replace the Reference Asset of the Ferrari Indices from Ferrari NV, which trades on Euronext Milan to Ferrari NV ADR which trades on the New York Stock Exchange (the "Race Index Modifications").  

 

The Race Index Modifications will occur intraday on 8 July 2024, with full effect from 9 July 2024. Details of the modified Ferrari Indices are as follows:

 

Index Name	New Index Ticker	Old Index Ticker
iSTOXX Leveraged 3x RACE	IX3XRACU	IX3XRACE
iSTOXX Inverse Leveraged -3x RACE	IX3IRACU	IX3IRACE

 

(the "New Ferrari Indices").

 

The Issuer notes that each of the Race Index Modifications constitute an Index Modification as contemplated by the Conditions. The Race Index Modifications and the related change in the Reference Assets will cause the daily rebalancing of the Relevant Series to no longer be subject to transaction taxes currently applicable to them, which is expected to result in a reduction in the daily transaction costs.

 

Yours sincerely

 

The Directors

Leverage Shares plc

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