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Results of Meting & Supp. Trust-Commodity Secs Ltd

24th Nov 2014 18:03

RNS Number : 8680X
ETFS Commodity Secs Ltd
24 November 2014
 



ETFS Commodity Securities Limited

 

24 November 2014

 

ETFS Commodity Securities Limited

Results of Meeting and Supplemental Trust Instrument

 

Lean Hogs Micro Securities, ETFS Lean Hogs Individual Securities, ETFS All Commodities Index Securities, ETFS Ex-Energy Index Securities the ETFS Livestock Index Securities (the "Affected Securities").

Further to the announcements made by ETFS Commodity Securities Limited (the "Issuer") on 10 October 2014 and 5 November 2014 in relation to meetings of the holders of the Affected Securities, notice is hereby given that at the adjourned meeting held on 20 November 2014 the Extraordinary Resolution set out in the Notice of Meeting for the holders of the Affected Securities (the "Extraordinary Resolution") was duly passed by the requisite majority. 

By a Supplemental Trust Instrument between the Issuer and The Law Debenture Trust Corporation p.l.c. (as trustee on behalf of the holders of Commodity Securities) dated 24 November 2014 (the "Supplemental Trust Instrument") certain changes to the conditions of the Affected Securities have been made.

The changes, approved by the Extraordinary Resolution, are the reduction in the principal amounts of each Affected Security, as a result of the reduction in the principal amount of each Lean Hogs Micro Security to US$0.00000011. Accordingly, the principal amount of the other Affected Securities is reduced as detailed in the Supplemental Trust Instrument and as described below:

Type of Commodity Security

Previous Principal Amount

New Principal Amount

 

 

 

ETFS Lean Hogs Individual Securities

US$0.50000000

US$0.11000000

ETFS All Commodities Index Securities

US$2.09675234

US$1.99987595

ETFS Ex-Energy Index Securities

US$1.66385750

US$1.54720304

ETFS Livestock Index Securities

US$1.31543400

US$0.80322984

 

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]

 

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