WisdomTree Commodity Secs Ltd suspension of settlement pricing (0835K)
17 Abril 2020 - 10:28AM
UK Regulatory
TIDMAIGA
RNS Number : 0835K
WisdomTree Commodity Secs Ltd
17 April 2020
WisdomTree Commodity Securities Limited
LEI: 21380068Q1JSIAN4FO63
17 April 2020
WisdomTree Commodity Securities Limited
Short and Leveraged Commodity Securities
WisdomTree Petroleum 2x Daily Leveraged (ISIN: JE00BDD9Q733) and
WisdomTree WTI Crude Oil 2x Daily Leveraged (ISIN: JE00BDD9Q840)
(the "Affected Securities")
Suspension of the right to Redeem by Settlement Pricing
WisdomTree Commodity Securities Limited (the "Issuer") gives
notice of the following:
The Price for each Affected Security determined in accordance
with Condition 5 of the Conditions of the Short and Leveraged
Commodity Securities are less than their Principal Amounts.
The Issuer has determined pursuant to Condition 7.18 of the
Conditions of the Short and Leveraged Commodity Securities to
suspend the right to Redeem the Affected Securities pursuant to
Condition 7.1(a) (Settlement Pricing) from 17 April 2020. The right
to Redeem the Affected Securities pursuant to Condition 7.1(b)
(Agreed Pricing) remains unaffected and such redemptions will
continue normally.
Such suspension may continue in the discretion of the Issuer for
a period of up to 30 days, and may continue thereafter provided
that notice of a meeting has been issued convening a meeting for a
date not more than 30 days after the date of the notice for the
purpose of considering an Extraordinary Resolution which will have
the effect of reducing the Principal Amount to a level less than
the Price.
To enable normal Redemptions to continue, all Redemptions under
Agreed Pricing will, unless otherwise agreed at the time, be based
on the settlement price of the relevant sub-index of the Bloomberg
Commodity Index(SM) and the pricing formula as stated in the
Prospectus. This will allow the creation and redemption of the
Affected Securities to continue unaffected. This procedure has been
designed to ensure that all holders of Affected Securities who are
able to redeem Affected Securities can each continue to receive a
price for their Affected Securities based on the relevant sub-index
of the Bloomberg Commodity Index(SM) . Accordingly the Issuer does
not currently expect any disruption to trading in the Affected
Securities.
A further announcement giving notice of the meetings will be
made in due course.
Terms used in this announcement and not otherwise defined bear
the same meanings as where used in the prospectus of the Issuer
dated 24 May 2019.
For further information, please contact:
WisdomTree
E-mail address: infoeu@wisdomtree.com
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCUBUORRNUSAAR
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April 17, 2020 09:28 ET (13:28 GMT)
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