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LPP3 Paypal 3xl �

1,152.50
-32.25 (-2.72%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Paypal 3xl � LSE:LPP3 London Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -32.25 -2.72% 1,152.50 1,144.00 1,161.00 1,166.00 1,118.00 1,166.00 118 16:29:48

GraniteShares Financial PLC Granite- 3x Long PayPal - Reverse Split - 20 March (9066R)

03/03/2023 4:54pm

UK Regulatory


Paypal 3xl � (LSE:LPP3)
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From Nov 2022 to Nov 2024

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TIDMLPP3 TIDM3LPP

RNS Number : 9066R

GraniteShares Financial PLC

03 March 2023

03 March 2023

LEI: 635400MFOIY6BX1JUC92

Current ISIN: XS2376992629

New ISIN: XS2596087671

London Stock Exchange TDIM: 3LPP and LPP3

GRANITESHARES FINANCIAL PLC (the "Issuer")

GRANITESHARES 3X LONG PAYPAL 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 20 March 2023 between, inter alios, the Issuer and the Trustee.

 
 ETP Securities             GraniteShares 3x Long PayPal Daily ETP 
 Record Date                17 March 2023 
                           ------------------------------------------------- 
 First trading date         20 March 2023 
  of the consolidated 
  Securities 
                           ------------------------------------------------- 
 Details of consolidation   Each 300 ETP Securities held by a Securityholder 
                             will be consolidated into 1 ETP Securities. 
                           ------------------------------------------------- 
 New ISIN                   The consolidation will result in change 
                             of ISIN from XS2376992629 to XS2596087671 
                           ------------------------------------------------- 
 New SEDOLs                 The consolidation will result in change 
                             of SEDOLs: 
                             USD trading line: the SEDOL will change 
                             from BMHW8W0 to BQXR5L5 
                             GBX trading line: the SEDOL will change 
                             from BMHWF41 to BQXR5M6 
                           ------------------------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

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END

CIRUPUUAWUPWGQW

(END) Dow Jones Newswires

March 03, 2023 11:54 ET (16:54 GMT)

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