Wisdomtree Brent Crude Oil 3x Daily Short Securities Proposed Amendment to the Principal Amount of the Affected Securities Me...
17 June 2020 - 9:03PM
Wisdomtree Brent Crude Oil 3x Daily Short Securities Proposed
Amendment to the Principal Amount of the Affected Securities
Meeting of the Etp Security Holders
17 June 2020
LEI: 2138003QW2ZAYZODBU23
LSE Code: 3BRS
WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED
COMPANY(a public company incorporated with limited liability in
Ireland)WISDOMTREE BRENT CRUDE OIL 3X DAILY SHORT SECURITIES
PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED
SECURITIES MEETING OF THE ETP SECURITY HOLDERS
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR
IMMEDIATE ATTENTION. If you are in any doubt about what action you
should take, you are recommended to consult your independent
financial adviser.
If you have sold or transferred all of your
WisdomTree Brent Crude Oil 3x Daily Short Securities (the
“Affected Securities”) of WisdomTree Multi Asset Issuer
Public Limited Company (the “Issuer”), please send this
document, together with the accompanying form of proxy, at once to
the purchaser or transferee or stockbroker, banker or other agent
through whom the sale or transfer was made, for onward transmission
to the purchaser or transferee.
The Issuer wishes to announce that the Meeting
of the holders of the Affected Securities (with ISIN IE00BYTYHR65)
scheduled for 17 June 2020 at 11:00 a.m. (the “Original
Meeting”) has been adjourned, in accordance with paragraph 20
of Schedule 7 of the Trust Deed, for lack of a quorum. The
adjourned meeting will be reconvened at 11:00 a.m. on 2 July 2020,
being a date not more than 30 days after the Original Meeting, and
will be held by way of virtual meeting on Thursday 2 July 2020 at
11 a.m. local time (the “Adjourned Meeting”).
The Adjourned Meeting is being held to consider
certain amendments to documentation, made under the powers set out
in clause 2 of schedule 7 of the master trust deed of the Affected
Securities, required to effect a reduction in the principal amount
of the Affected Securities from USD 0.2 to USD 0.02. This follows
the price of the Affected Securities falling below 500 per cent. of
its current principal amount on Monday 18 May 2020, and is designed
to maintain the normal trading and operations of the Affected
Securities. Full details of the Proposal and Extraordinary
Resolution are set out in the notice dated 21 May 2020.
Holders of the Affected Securities have received
a form of proxy by post, allowing them to vote on the matters being
considered at the Original Meeting and at the Adjourned Meeting.
Under article 11.5 of the Issuer’s Articles of Association, no
further notification is required for the Adjourned Meeting. Holders
of the Affected Securities are therefore directed to the original
notification posted to them on 21 May 2020, and also available on
the website of the Issuer, at
https://www.wisdomtree.eu/en-gb/resource-library/prospectus-and-regulatory-reports#tab-2A942D42-5AA1-4008-9080-3C2DADB050A7.
Holders of the Affected Securities will not be permitted to attend
the Adjourned Meeting physically in person, and are strongly
advised to vote by proxy. In case of queries in relation to proxy
voting, please contact Link Asset Services at
enquiries@linkgroup.ie.
If holders of the Affected Securities wish to
attend the Adjourned Meeting, arrangements will be made for them to
attend virtually via such teleconference facility as shall be
specified by the chairperson ahead of the Adjourned Meeting.
Holders of the Affected Securities who wish to attend the Adjourned
Meeting in this way are directed to contact Apex IFS Limited at
IFSCOSEC@apexfs.com no later than half an hour before the Adjourned
Meeting, and will require proof of identity and holding.
Holders of the Affected Securities should note
that a duly completed form of proxy deposited in respect of the
Original Meeting will continue to be valid for the Adjourned
Meeting unless previously revoked or suspended by a further form of
proxy prior to the Adjourned Meeting.
In accordance with normal practice, The Law
Debenture Trust Corporation p.l.c., as trustee, expresses no
opinion as to the merits of the Proposal, the terms of which were
not negotiated by it. It has however authorised it to be stated
that, on the basis of the information contained in the original
circular and in this document (which it advises holders of Affected
Securities to read carefully) it has no objection to the form in
which the Proposal and Notice of Meeting are presented to holders
of Affected Securities for their consideration.
Holders of the Affected Securities will be
notified of the outcome of the Adjourned Meeting shortly
thereafter.
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