RNS Number : 0346D
Leverage Shares PLC
13 February 2024
 
 

Leverage Shares plc

 

 

13.02.2024

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF THE HOLDERS OF THE ETP SECURITIES. IF ANY ETP SECURITYHOLDER IS IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY

If you have recently sold or otherwise transferred your entire holding(s) of ETP Securities referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

NOTICE OF INTRADAY REBALANCE

Leverage Shares plc (the ("Issuer") hereby gives notice that at 12:07:42 EST on 13.02.2024 (the "Trigger Time"), the price of Arm Holdings Plc (ARM) (the "Reference Asset") for the Leverage Shares 3x Long ARM ETP Securities (ISIN: XS2691006303) (the "ETP Securities") reached a trading price of $124.02 on exchange (the "Trigger Value"), representing a drop of -16.75% from its previous closing price of $148.97, thereby crossing the -16.67% set in the index methodology for the iSTOXX Leveraged 3x ARM Index (the "Index").

 

This event triggered an intraday rebalance of the Index, which in turn triggered an intraday rebalance of the ETP Securities as provided in the Prospectuses for the ETP Securities:


 https://leverageshares.com/?page_id=16700

 

https://leverageshares.com/?page_id=16514

 

(the "Prospectuses").

Starting 5 minutes after the Trigger Time, the Issuer carried out an intraday rebalance over the 10-minute period following the Trigger Time using the Trigger Value as the reference (the "Intraday Rebalance"), achieving an average price of $121.45253 and setting an ETP Security Value of $99.26475 (the "Rebalanced ETP Security Value").

 

Terms used but not defined in this notice shall bear the meanings assigned to them in the Prospectuses.

 

If you have any queries arising from this notice, please contact us at info@leverageshares.com.

 

Yours sincerely

 

 

 

 

The Directors

Leverage Shares plc

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