29th Apr 2016 10:41
ETFS Commodity Securities Limited
29 April 2016
ETFS Commodity Securities Limited
Programme for the issuance of Short and Leveraged Commodity Securities
Consolidations of the Short and Leveraged Commodity Securities of the following classes
ETFS 2x Daily Long Brent Crude Securities
ETFS 2x Daily Long Natural Gas Securities
ETFS 2x Daily Long Nickel Securities
ETFS 2x Daily Long Petroleum Securities
ETFS 2x Daily Long Wheat Securities
ETFS 2x Daily Long WTI Crude Oil Securities
Further to the announcement (the "April Announcement") made by ETFS Commodity Securities Limited (the "Issuer") on 13 April 2016 relating to its determination to effect consolidations (the "Consolidations") of the ETFS 2x Daily Long Brent Crude Securities, the ETFS 2x Daily Long Natural Gas Securities, the ETFS 2x Daily Long Nickel Securities, the ETFS 2x Daily Long Petroleum Securities, the ETFS 2x Daily Long Wheat Securities and the ETFS 2x Daily Long WTI Crude Oil Securities (together the "Affected Securities"), the Issuer hereby announces the following details in respect of the Consolidations.
The time and date that the Consolidations will become effective (the "Effective Date") will be the close of business on 13 May 2016.
The Specified Number (the number of Affected Securities of the relevant class to be consolidated into one Security of that class pursuant to the Consolidations) and the Principal Amount, ISIN and exchange codes for the consolidated securities of each class will be as follows:
Class | LSE exchange code | Principal Amount | Specified Number | Existing ISIN | New ISIN |
ETFS 2x Daily Long Brent Crude Securities | LBRT | US$18.76 | 14 | JE00B789ZG89 | JE00BDD9QD91 |
ETFS 2x Daily Long Natural Gas Securities | LNGA | US$19.194 | 15995 | JE00B2NFTQ41 | JE00BDD9Q956 |
ETFS 2x Daily Long Nickel Securities | LNIK | US$11.7 | 65 | JE00B2NFTR57 | JE00BDD9QB77 |
ETFS 2x Daily Long Petroleum Securities | LPET | US$12.78 | 71 | JE00B2NFT971 | JE00BDD9Q733 |
ETFS 2x Daily Long Wheat Securities | LWEA | US$8.064 | 112 | JE00B2NFTX18 | JE00BDD9QC84 |
ETFS 2x Daily Long WTI Crude Oil Securities | LOIL | US$24.36 | 203 | JE00B2NFTJ73 | JE00BDD9Q840 |
Payments in respect of redemptions of any fractions arising out of the Consolidations will be made on or around Tuesday 17 May 2016.
Terms used in this announcement and not otherwise defined bear the same meanings as where used in the Announcement or, if not defined therein, in prospectus of the Issuer relating inter alia to the Affected Securities dated 19 October 2015.
For further information, please contact
Richard Parker
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: [email protected]
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