GraniteShares Financial PLC GraniteShares - 3LCO - Consolidation result (7943O)

TIDM3LCO TIDMLCO3

RNS Number : 7943O

GraniteShares Financial PLC

02 February 2023

02 February 2023

LEI: 635400MFOIY6BX1JUC92

Previous ISIN: XS2377112896

New ISIN: XS2575914176

LSE Code: 3LCO and LCO3

GRANITESHARES FINANCIAL PLC (the "Issuer")

GRANITESHARES 3X LONG COINBASE 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), and following the Notice dated 13 January 2023 the Issuer consolidated all of the ETP Securities into ETP Securities with a proportionally larger Minimum Redemption Amount and Value per ETP Security, further details of which are contained in the Annex hereto. Such consolidation was affected by way of Supplemental Trust Deed dated on 01 February 2023 between, inter alios, the Issuer and the Trustee.

 
 ETP Securities             GraniteShares 3x Long Coinbase Daily ETP 
 New ISIN                   The consolidation will result in change 
                             of ISIN from XS2377112896 to XS2575914176 
                           ---------------------------------------------------- 
 Record Date of             27 January 2023 
  consolidation of 
  ETP Securities 
                           ---------------------------------------------------- 
 Effective Date             30 January 2023 
  of consolidation 
  of ETP Securities 
                           ---------------------------------------------------- 
 Details of consolidation   Each 20,000 ETP Securities held by a Securityholder 
                             were consolidated into 1 ETP Securities. 
                             Number of ETP Securities outstanding prior 
                             to consolidation: 1,613,202,000 
                             Number of ETP Securities outstanding after 
                             consolidation: 80,659 
                             Value per ETP Security prior to consolidation: 
                             US$ 0.00081142 
                             Value per ETP Security after consolidation: 
                             US$ 16.22849785 
                             There were 22,000 fractional securities 
                             each with a value equal to the Value per 
                             ETP determined on 27 January 2023 of US$ 
                             0.00081142. Hence a total payment of $17.85 
                             will be submitted by the Issuer. 
                           ---------------------------------------------------- 
 

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/ Aileen Mannion____________

Name: Aileen Mannion

   Title:      Director 

3(rd) Floor, Kilmore House

Park Lane, Spencer Dock

Dublin 1

Ireland

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(END) Dow Jones Newswires

February 02, 2023 11:50 ET (16:50 GMT)