Leverage Shares PLC Temporary Suspension - Further information

RNS Number : 8532I

Leverage Shares PLC

21 October 2024

 

 

Leverage Shares plc

 

 

21 October 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 regarding the suspension of listing on the following Series from trading on the London Stock Exchange

Leverage Shares -3x Short MicroStrategy (MSTR) ETP (ISIN XS2901884077)

Leverage Shares 3x Long MicroStrategy (MSTR) ETP (ISIN XS2901882618)

(the "Relevant Series")

Leverage Shares plc (the ("Issuer") is providing this notice in response to numerous queries received following the release of the Issuer's notice on 18 October 2024 regarding the temporary suspension of trading of the Relevant Series on the London Stock Exchange with effect from 7.30am (London time) on 18 October 2024 (the "Suspension").

 

The Issuer's Base Prospectus was approved by the Financial Conduct Authority (the "FCA") as competent authority under the United Kingdom's version of Regulation (EU) No 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("UK Prospectus Regulation") on 17 July 2024 (the "UK Base Prospectus").

 

The Issuer requested the Suspension following discussions with the FCA regarding the information set out in the Issuer's UK Base Prospectus in relation to MicroStrategy Incorporated, the Reference Asset of each of the Relevant Series ("MicroStrategy").

 

On 1 August 2024, MicroStrategy announced its financial results for the three month period ended June 30, 2024 which reported that MicroStratey's holding of bitcoin increased to 226,500.

 

In order to ensure ongoing compliance with the disclosure requirements of the UK Prospectus Regulation, the Issuer has submitted a supplement to the UK Base Prospectus to the FCA for review (the "Supplement"). The Supplement will provide additional disclosure on the business of MicroStrategy, including its holdings in bitcoin.

The Issuer intends to request a lifting of the Suspension as soon as the Supplement is approved by the FCA.

 

The Issuer shall inform ETP Securityholders as soon as reasonably practicable once the Relevant Series resume trading on the London Stock Exchange.

 

Capitalised terms used, but not defined, in this notice shall have the meaning given thereto in the Master Definitions Schedule in relation to the Programme dated 17 July 2024.

 

If you have any queries arising from this notice, please contact us at [e-mail].

 

Yours sincerely

The Directors

Leverage Shares

 

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