Boost Issuer PLC Boost Issuer Plc : Miscellaneous
27 July 2016 - 11:31PM
UK Regulatory
TIDM3LOI
27 July 2016
LSE Code: 3BAL
BOOST ISSUER PUBLIC LIMITED COMPANY
(a public company incorporated with limited liability in Ireland)
BOOST EURO STOXX BANKS 3X LEVERAGE DAILY ETP SECURITIES
PROPOSED AMENDMENT TO THE PRINCIPAL AMOUNT OF THE AFFECTED SECURITIES
ADJOURNMENT OF MEETING OF THE ETP SECURITYHOLDERS
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 Boost EURO STOXX Banks 3x
Leverage Daily ETP Securities (the "Affected Securities") of Boost
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.
Boost Issuer Public Limited Company (the "Issuer") wishes to announce
that the Meeting of the holders of Boost EURO STOXX Banks 3x Leverage
Daily ETP Securities (the "Affected Securities", with ISIN IE00BLS09N40)
scheduled for today 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 on
11:00 a.m. on Thursday 11 August 2016, being a date not more than 30
days after the Original Meeting, and will be held at the offices of
Capita International Financial Services (Ireland) Limited in 2 Grand
Canal Square, Grand Canal Harbour, Dublin 2, Ireland (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 EUR
2.00 to EUR 0.20. This follows the price of the Affected Securities
falling below 500 per cent. of its current principal amount on 27 June
2016, 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 30 June 2016.
Holders of the Affected Securities will receive a form of proxy by post,
allowing them to vote on the matters being considered at the Meeting by
proxy. 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 30 June 2016, and also available on the
website of the Issuer, at www.boostetp.com/Content/Regulatory-Documents.
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 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.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Boost Issuer PLC via Globenewswire
HUG#2031061
http://www.boostetp.com/
(END) Dow Jones Newswires
July 27, 2016 09:31 ET (13:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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