GraniteShares Financial PLC Granite - 3LAZ and 3LDO - Reverse Split - 20NOV23 (4047S)

TIDM3LAZ TIDM3LDO

RNS Number : 4047S

GraniteShares Financial PLC

03 November 2023

03 November 2023

LEI: 635400MFOIY6BX1JUC92

Current ISIN: XS2066793287

New ISIN: XS2712624779

London Stock Exchange TDIM: 3LAZ

GRANITESHARES FINANCIAL PLC (the "Issuer")

GRANITESHARES 3x LONG ASTRAZENECA 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 21 November 2023 between, inter alios, the Issuer and the Trustee.

 
 ETP Securities             GraniteShares 3x long AstraZeneca Daily ETP 
                             Securities 
 Record Date                17 November 2023 
                           ------------------------------------------------ 
 First trading date         20 November 2023 
  of the consolidated 
  Securities 
                           ------------------------------------------------ 
 Details of consolidation   Each 5 ETP Securities held by a Securityholder 
                             will be consolidated into 1 ETP Securities. 
                           ------------------------------------------------ 
 New ISIN                   The consolidation will result in change of 
                             ISIN from XS2066793287 to XS2712624779 
                           ------------------------------------------------ 
 New SEDOLs                 The consolidation will result in change of 
                             SEDOLs: 
                             GBX trading line (3LAZ): the SEDOL will change 
                             from BHR4746 to BNV0BR3 
                           ------------------------------------------------ 
 

The Record Date is the last day of trading before the consolidation. Trading of the consolidated securities of each class will commence on Monday 20 November 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/ Aileen Mannion _________ 
   Name:   Aileen Mannion 
   Title:      Director 

3(rd) Floor, Kilmore House

Park Lane, Spencer Dock

Dublin 1

Ireland

03 November 2023

LEI: 635400MFOIY6BX1JUC92

Current ISIN: XS2066793790

New ISIN: XS2712623888

London Stock Exchange TDIM: 3LDO

GRANITESHARES FINANCIAL PLC (the "Issuer")

GRANITESHARES 3x LONG DIAGEO 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 21 November 2023 between, inter alios, the Issuer and the Trustee.

 
 ETP Securities             GraniteShares 3x long Diageo Daily ETP Securities 
 Record Date                17 November 2023 
                           -------------------------------------------------- 
 First trading date         20 November 2023 
  of the consolidated 
  Securities 
                           -------------------------------------------------- 
 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 XS2066793790 to XS2712623888 
                           -------------------------------------------------- 
 New SEDOLs                 The consolidation will result in change of 
                             SEDOLs: 
                             GBX trading line (3LDO): the SEDOL will change 
                             from BHR4768 to BNV0BN9 
                           -------------------------------------------------- 
 

The Record Date is the last day of trading before the consolidation. Trading of the consolidated securities of each class will commence on Monday 20 November 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/ Aileen Mannion _________ 
   Name:   Aileen Mannion 
   Title:      Director 

3(rd) Floor, Kilmore House

Park Lane, Spencer Dock

Dublin 1

Ireland

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CIRMZMGMRFGGFZM

(END) Dow Jones Newswires

November 03, 2023 14:15 ET (18:15 GMT)