Leverage Shares
plc
9 January
2025
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. THIS NOTICE MAY CONTAIN INSIDE
INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU)
596/201.
If
you have recently sold or otherwise transferred your entire
holding(s) of ETP Securities referred to below, you should
immediately forward this notice 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 to ETP Securityholders
of the following series of ETP Securities issued by Leverage Shares
plc (the "Issuer"):
Leverage Shares 3x Long IONQ
ETP Securities (ISIN: XS2779862056)
(the "Relevant Series")
NOTICE OF INTRADAY REBALANCE
AND ISSUER CALL REDEMPTION
Capitalised terms used, but not
defined, in this notice shall have the meaning given thereto in the
Amended and Restated Master Definitions Schedule dated 17 July 2024
in relation to the Issuer's collateralised exchange traded
securities programme.
The Issuer hereby gives notice of
the following:
1. At 09:30:00 ET on 8
January 2025 (the "Trigger
Time"), the price of IonQ Inc, the Reference Asset for the
Relevant Series reached a trading price of US $38.80 on exchange
(the "Trigger Value"),
representing a drop of -21.76% from its previous closing price of
US $49.59, thereby crossing the -16.67% as set out in the index
methodology for the Solactive 3x Long IONQ Index.
The event triggered an intraday
rebalance of the Index, which in turn triggered an intraday
rebalance of the ETP Securities of the Relevant Series as provided
for in the Base Prospectus of the Issuer.
The Issuer carried out an intraday
rebalance following the Trigger Time closing out all the positions
in the Reference Asset and resulting in an ETP Security Value below
$0.0 on the conclusion of the intraday rebalance.
In accordance with Condition 8.6 of
the Terms and Conditions of the ETP Securities of the Relevant
Series, the Issuer hereby gives notice of redemption (the
"Issuer Call Redemption
Notice") of all the outstanding ETP Securities of the
Relevant Series effective on 15 January 2025 (the "Mandatory Redemption Date") at a
Mandatory Redemption Amount of US$0.
If you have any queries arising from
this notice, please contact us at info@leverageshares.com.
Yours sincerely
The
Directors
Leverage Shares plc
