22nd Dec 2011 17:16
22 December 2011
ETFS Commodity Securities Limited
Programme for the issue of ETFS Classic Commodity SecuritiesandETFS Forward Commodity Securities
ETFS Commodity Securities Limited (the "Issuer") makes the following announcement in relation to its ETFS Classic Commodity Securities and ETFS Forward Commodity Securities (together the "Commodity Securities"). Terms used in this announcement bear the meanings given in the Conditions of the Commodity Securities.
The annual Required Rebalancing of the Index Securities will commence at the close of business in New York on 9 January 2012 with the relevant Target Numbers determined at close of business in New York on 6 January 2011.
Following the announcement made by the sponsors of the DJ-UBS Commodity Indices on 11 October 2011, the Issuer announces pursuant to Condition 14.5 of the Conditions that:
(a) in respect of those categories of Classic Index Securities that currently comprise (inter alia) Crude Oil Micro Securities (to be renamed "WTI Crude Oil"), the classes of Micro Securities to be comprised in such categories will be changed following such Required Rebalancing to include (in addition) Brent Crude Oil Micro Securities; and
(b) in respect of those categories of Forward Index Securities that currently comprise (inter alia) Crude Oil Micro Forward Securities (to be renamed "WTI Crude Oil"), the classes of Micro Forward Securities to be comprised in such categories will be changed following such Required Rebalancing to include (in addition) Brent Crude Oil Micro Forward Securities.
Further announcements will be made in due course.
For further information, please contact
Christopher Osgood,
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825250
E-mail address: [email protected]
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