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Proposed Amendment to Principal Amount

11th Jan 2016 15:41

RNS Number : 4915L
Boost Copper 3X Leverage Daily ETP
11 January 2016
 

11 January 2016

 

LSE Code: 3HCL

 

 

BOOST ISSUER PUBLIC LIMITED COMPANY

(a public company incorporated with limited liability in Ireland)

BOOST COPPER 3X LEVERAGE DAILY ETP SECURITIES

PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIESMEETING OF THE ETP SECURITYHOLDERS

 

NOTICE is hereby given that, pursuant to the provisions of the trust deed dated 20 December 2012 constituting (inter alia) the Boost Copper 3x Leverage Daily ETP Securities (the "Affected Securities" with ISIN IE00B8JVMZ80) and made between (1) Boost Issuer Public Limited Company (the "Issuer"), (2) The Law Debenture Trust Corporation p.l.c. (the "Trustee") and (3) Boost Management Limited (the "Manager"), a meeting of the holders of the Affected Securities (the "Affected Securities Holders"), convened by the Issuer, will be held at the offices of Capita International Financial Services (Ireland) Limited in 2 Grand Canal Square, Grand Canal Harbour, Dublin 2, D02 A342, Ireland on Friday 5 February 2016 at 11 a.m. Greenwich Mean 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 2.00 to USD 0.20. This follows the price of the Affected Securities falling below 500 per cent. of its current principal amount on 7 January 2016 (the "Threshold Event Date"), and is designed to maintain the normal trading and operations of the Affected Securities.

 

Affected Securities Holders will receive notification by post, including a form of proxy allowing them to vote on the matters being considered at the Meeting by proxy. Affected Securities Holders may also access the notification and the form of proxy on the website of the Issuer, at www.boostetp.com/Content/Regulatory-Documents.

 

Affected Security Holders will be notified of the outcome of the Meeting shortly thereafter.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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