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Update: Short and Leveraged Commodity Securities Consolidations

Further to the announcement made by ETFS Commodity Securities Limited on 13 April 2016 relating to its determination to effect consolidations  of the ETFS 2x Daily Long Brent Crude Securities, the…


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ETFS 2x Daily Long Natural Gas Securities, the ETFS 2x Daily Long Nickel Securities, the ETFS 2x Daily Long Petroleum Securities, the ETFS 2x Daily Long Wheat Securities and the ETFS 2x Daily Long WTI Crude Oil Securities, the Issuer hereby announces the following details in respect of the Consolidations

The time and date that the Consolidations will become effective will be the close of business on 13 May 2016.

The Specified Number (the number of Affected Securities of the relevant class to be consolidated into one Security of that class pursuant to the Consolidations) and the Principal Amount, ISIN and exchange codes for the consolidated securities of each class will be as follows:

Affected Securities Exchange code Principal amount Specified number Existing ISIN New ISIN
ETFS 2x Daily Long Brent Crude Securities LBRT US$18.76 14 JE00B789ZG89 JE00BDD9QD91
ETFS 2x Daily Long Natural Gas Securities LNGA US$19.194 15995 JE00B2NFTQ41 JE00BDD9Q956
ETFS 2x Daily Long Nickel Securities LNIK US$11.7 65 JE00B2NFTR57 JE00BDD9QB77
ETFS 2x Daily Long Petroleum Securities LPET US$12.78 71 JE00B2NFT971 JE00BDD9Q733
ETFS 2x Daily Long Wheat Securities LWEA US$8.064 112 JE00B2NFTX18 JE00BDD9QC84
ETFS 2x Daily Long WTI Crude Oil Securities LOIL US$24.36 203 JE00B2NFTJ73 JE00BDD9Q840

 

Payments in respect of redemptions of any fractions arising out of the Consolidations will be made on or around Tuesday 17 May 2016.

 

Source: ETFWorld.co.uk

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