WisdomTree Multi Asset Issuer PLC Wisdomtree Brent Crude Oil 3x Daily Short Securities Proposed Amendment To The Principal Am...

 
TIDM3LOI 
 
 
   23 February 2021 
 
   LEI: 2138003QW2ZAYZODBU23 
 
   LSE Code: 3BRS 
 
   WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY 
 
   (a public company incorporated with limited liability in Ireland) 
 
   WISDOMTREE BRENT CRUDE OIL 3X DAILY SHORT SECURITIES 
 
   PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIES 
 
   MEETING OF THE ETP SECURITYHOLDERS 
 
   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 that, pursuant to the provisions of the trust 
deed dated 30 November 2012 (as amended) constituting (inter alia) the 
WisdomTree Brent Crude Oil 3x Daily Short Securities (the "Affected 
Securities" with ISIN IE00BLRPRK35) and made between (1) WisdomTree 
Multi Asset Issuer Public Limited Company (the "Issuer"), (2) The Law 
Debenture Trust Corporation p.l.c. (the "Trustee") and (3) WisdomTree 
Multi Asset Management Limited (the "Manager"), a meeting of the holders 
of the Affected Securities (the "Affected Securities Holders"), convened 
by the Issuer, will be held by way of virtual meeting on Thursday 18 
March 2021 at 11 a.m. local time (the "Meeting"). 
 
   The Meeting is being held to consider certain amendments, made under the 
powers set out in clause 2 of schedule 7 of the master trust deed of the 
Affected Securities, to documentation required to effect a reduction in 
the principal amount of the Affected Securities from USD 11.40 to USD 
1.14. This follows the price of the Affected Securities falling below 
500 per cent of its current principal amount on 16 February 2021 (the 
"Threshold Event Date"). 
 
   In a scenario where the vote does not pass, if the price then falls 
below 200% of the principal amount on or after 60 days from the 
Threshold Event Date, then a compulsory redemption event will be 
triggered and the Issuer will be required to compulsorily redeem all 
Affected Securities Holders. 
 
   In order to maintain the normal trading and operations of the Affected 
Securities and to avoid a compulsory redemption event being triggered, 
the Issuer considers that the principal amount of the Affected 
Securities should be reduced. 
 
   The reduction in the principal amount will not affect the price of the 
Affected Securities as the price is calculated by reference to the 
underlying index and not to the principal amount of the Affected 
Securities. 
 
   It is important to note that: 
 
 
   -- The reduction of the principal amount of the Affected Securities does NOT 
      dilute an Affected Securities Holder's holding or reduce the value of an 
      Affected Securities Holder's holding. 
 
   -- The reduction of the principal amount does NOT negatively impact the 
      ability of the investor to trade the Affected Securities. 
 
   -- The reduction of the principal amount does NOT affect the amount an 
      Affected Securities Holder would, in practice, receive on redemption of 
      the Affected Securities. 
 
 
   Affected Securities Holders may also access the notification, including 
the circular, on the website of the Issuer, at 
 
   https://www.globenewswire.com/Tracker?data=QtOxRik1dbrLCLRY_ffRXfzmdrRxHftQqMTFFH-nJEctebDz6RTXa7Qm1WP4tJkEwZp7PO9Z5poCNNQWrsoIZONAGZJqcMv4XxfT0-QmBEg9WDv3FcWvRpabimj4gvDv4SLXL3--z-Us1-kGGDcuQWQI7eItDRYUc5Dk-9VQDSiLvljVe2X9YHOQzoA53FziWuTIKOFVWRrQX0ELT9PusihaDWozvjRIiEjvtVNTI_CoU2-KfSsKF4oSUiHBgUZFoYqXV7XfLlNV8_mgLtYRx_fnMP6FQHem5leW976nNeb5aULqQotRu3WXiwn7_C18TRLOHAlTQ5YYD4tcsOJ9XmSE4FcK2eSHrszPDPH-VYw= 
https://www.wisdomtree.eu/en-gb/resource-library/prospectus-and-regulatory-reports#tab-2A942D42-5AA1-4008-9080-3C2DADB050A7 
 
 
   Holders of the Affected Securities are advised to check with any bank, 
securities broker or other intermediary through which they hold their 
Affected Securities when such intermediary would need to receive 
instructions from a holder of Affected Securities in order for such 
holder of Affected Securities to participate in the Meeting by the 
deadlines specified in this circular. The deadlines set by any such 
intermediary and each ICSD for the submission instructions will be 
earlier than the relevant deadlines specified in this circular. 
 
   In relation to the delivery instructions or obtaining voting 
certificates or otherwise making arrangements for the giving of voting 
instructions, in each case through the ICSDs, holders of the Affected 
Securities should note the particular practice and policy of the 
relevant ICSDs, including any earlier deadlines set by such ICSD. The 
deadlines set by any intermediary or by the ICSDs will be earlier than 
the deadlines set out in this circular. 
 
   Affected Securities Holders will be notified of the outcome of the 
Meeting shortly thereafter. 
 
 
 
 

(END) Dow Jones Newswires

February 23, 2021 04:36 ET (09:36 GMT)

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