WisdomTree Multi Asset Issuer PLC Wisdomtree Multi Asset Issuer Public Limited Company Programme For The Issuance Of Collater...

 
TIDM3LOI 
 
 
   9 October 2020 
 
   WisdomTree Multi Asset Issuer Public Limited Company 
 
   Programme for the issuance of Collateralised ETP Securities 
 
   Consolidations of the Collateralised ETP Securities of the following 
classes 
 
   WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged 
 
   WisdomTree Natural Gas 3x Daily Leveraged 
 
   WisdomTree NASDAQ 100 3x Daily Short 
 
   WisdomTree Brent Crude Oil 3x Daily Short 
 
   Terms used in this announcement and not otherwise defined bear the same 
meanings as where used in the prospectus of the Issuer dated 2 September 
2020 for the programme for the issuance of Collateralised ETP 
Securities. 
 
   WisdomTree Multi Asset Issuer Public Limited Company (the "Issuer") 
announces that it has posted a circular (the "Circular") dated 9 October 
2020 to the relevant ETP Securityholders announcing consolidations (the 
"Consolidations") of the following classes of Collateralised ETP 
Securities (the "Affected Securities"): 
 
 
 
 
     ETP Security            ISIN          NAV per ETP      Target Price per 
                                          Security (US$,     consolidated ETP 
                                         as of 06/10/2020)    Security (US$) 
-----------------------  -------------  ------------------  ----------------- 
  WisdomTree S&P 500     IE00B8VC8061       0.0050416 
 VIX Short-Term Futures   DE000A133ZU4                              200 
 2.25x Daily Leveraged 
-----------------------  -------------  ------------------  ----------------- 
  WisdomTree Natural     IE00BYTYHQ58       0.0033458 
 Gas 3x Daily Leveraged   DE000A2BGQ13                              200 
-----------------------  -------------  ------------------  ----------------- 
   WisdomTree NASDAQ     IE00B8VZVH32       0.1834458 
   100 3x Daily Short     DE000A133ZR0                        100 
-----------------------  -------------  ------------------  ----------------- 
   WisdomTree Brent      IE00BYTYHR65       0.3489050 
   Crude Oil 3x Daily     DE000A2BGQ05                              200 
         Short 
-----------------------  -------------  ------------------  ----------------- 
 
 
   A copy of the circular can be obtained from the Issuer's website at 
www.wisdomtree.eu 
 
   With effect from an "Effective Date" to be announced by the Issuer not 
less than 14 days prior to the effective date of the Consolidations, 
Affected Securities of each class will be consolidated into and become a 
smaller number of consolidated securities of the same class. 
 
   Any fractions of Affected Securities resulting from the Consolidations 
will be redeemed by the Issuer at the price for that class on the 
Effective Date. 
 
   If the Effective Date is not a Valuation Date in respect of that class 
of Affected Securities, they shall be redeemed at the price on the next 
Valuation Date.  The Issuer will waive any redemption fee in respect of 
such redemptions. 
 
   The number of Affected Securities of any class to be consolidated into 
one consolidated security of that class is the "Specified Number". 
 
   The Effective Date and the Specified Number in respect of each class 
will be announced by the Issuer by way of an announcement via RNS no 
later than 14 days prior to the Effective Date on each of the exchanges 
upon which the Affected Securities are admitted to trading. It is 
expected that the Consolidations will be effective and automatically 
reflected on the relevant registers and exchanges on the Effective Date. 
 
   In setting the Specified Number the Issuer is seeking to set the 
post-consolidation price of the Affected Securities at approximately the 
price indicated in the above table. 
 
   Impact on Investors 
 
   The price of an investor's holding of any class of Affected Securities 
will not be affected by the Consolidations, other than in respect of the 
redemption of any resulting fractions. 
 
   Following the Consolidations an investor will hold fewer securities of 
the relevant class, but at a proportionately higher price.  For example, 
if the Specified Number in respect of a class were 50 and an investor 
held 150 Affected Securities, then every 50 Affected Securities of that 
class would be consolidated into one consolidated security and post 
consolidation that investor would hold 3 Affected Securities of that 
class.  The Consolidations will take effect as a combination of Affected 
Securities and therefore no new securities will be issued and only the 
resulting fractions of consolidated securities will be redeemed. 
 
   The aim of the Consolidations is that the price and Principal Amount of 
one consolidated security of any class immediately after the 
consolidations will be as close as possible to the aggregate price and 
Principal Amount of the Specified Number of securities of that class 
immediately prior to the Consolidations. 
 
   Although no new securities are being issued, following the 
Consolidations, new IE ISINs and new SEDOLs will be issued in respect of 
the consolidated securities of each class. The Issuer understands that 
neither new DE ISINs nor new WKNs will be issued. The Issuer will be 
disclosing the new security identifiers in an announcement by RNS no 
less than 14 days prior to the Effective Date. Exchange codes and 
tickers are expected to remain unchanged. 
 
   Documentation 
 
   The Consolidations will be implemented pursuant to an amendment to the 
Supplemental Trust Deed in respect of each class made between the 
Trustee, the Manager and the Issuer. 
 
   Further Announcements 
 
   No later than 14 days prior to the Effective Date the Issuer will 
release a further RNS on each of the exchanges upon which the Affected 
Securities are admitted to trading confirming the following in respect 
of each class of Affected Security: 
 
 
   -- the Effective Date of the Consolidations; 
 
   -- the Specified Number of securities of each class; 
 
   -- the new security identifiers for the consolidated securities of each 
      class; and 
 
   -- the principal amounts of the consolidated securities. 
 
 
   Action required 
 
   This announcement contains information and does not require any action 
to be taken. 
 
   For further information, please refer to our website at 
www.wisdomtree.eu or contact [e-mail] 
 
 
 
 

(END) Dow Jones Newswires

October 09, 2020 04:33 ET (08:33 GMT)

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