REG - Leverage Shares PLC Leverage3XLongMrna$ Leverage3XLongMrna£ Leverage3XLongMrnaE - Result adjourn meet LS 3xLong Moderna(MRNA)ETP Ses

ModernaAnnouncement

21/07/2023 17:45

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RNS Number : 8558G  Leverage Shares PLC  21 July 2023

 

NOTICE TO ETP SECURITYHOLDERS OF RESULT OF ADJOURNED MEETING

To the holders of the outstanding

Leverage Shares 3x Long Moderna (MRNA) ETP Securities

ISIN: XS2399365639

(the "ETP Securityholders" and the "ETPs" respectively)

of Leverage Shares plc (the "Issuer")

 

NOTICE IS HEREBY GIVEN to the holders of the above ETPs that, at the adjourned
meeting of the ETP Securityholders held at 2(nd) Floor, Block 5, Irish Life
Centre, Abbey Street Lower, Dublin 1, Ireland at 3.00 pm Dublin time on 21
July 2023 (the "Adjourned Meeting") the Extraordinary Resolution set out in
Schedule 1 hereto was duly passed.

 

The Issuer will, in due course, notify ETP Securityholders of the
Consolidation Ratio and the date on which the Consolidation will become
effective.

 

Capitalised terms used in this Notice have the same meaning as those defined
in the Notice of Adjourned Meeting dated 6 July 2023, unless otherwise defined
herein or unless the context otherwise requires.

Yours sincerely

The Directors

Leverage Shares plc

SCHEDULE 1

EXTRAORDINARY RESOLUTION

"THAT this meeting of the holders of the Leverage Shares 3x Long Moderna
(MRNA) ETP Securities of Leverage Shares plc currently outstanding (the "ETP
Securityholders", the "ETP Securities" and the "Issuer" respectively)
constituted by the master trust deed originally dated 5 December 2017 as most
recently amended and restated on 16 August 2022 and as supplemented by a
supplemental trust deed dated 13 December 2021 (the "Trust Deed") made
between, among others, the Issuer and Apex Corporate Trustees (UK) Limited
(the "Trustee") as trustee for the ETP Securityholders hereby resolves by way
of Extraordinary Resolution to:

 

1.         assent to the Consolidation and to waive any breach or
default of the Conditions or any of the Programme Documents occurring up to
the date hereof which has arisen in relation or as a consequence of the First
Matter and/or the Second Matter (collectively the "Proposed Amendments") and
authorise and direct the Trustee to concur and agree to the Proposed
Amendments and authorise and direct the Trustee and the Issuer, where
applicable, to execute the Consolidation Supplemental Trust Deed (the matters
referred to above, the "Proposal");

2.         sanction every abrogation, modification, variation,
compromise or arrangement in respect of the rights of the ETP Securityholders
appertaining to the ETP Securities, whether or not such rights arise under the
Trust Deed, involved in or resulting from or effected by the Proposal and its
implementation;

3.         authorise, direct, request and empower the Trustee and the
Issuer to concur in the Proposal and, in order to give effect thereto and to
implement the same, to execute the Consolidation Supplemental Trust Deed and
to execute and do, all such other deeds, instruments, acts and things as may
be necessary, expedient, desirable or appropriate to carry out and give effect
to this Extraordinary Resolution and the implementation of the Proposal;

4.         discharge and exonerate the Trustee and the Issuer from all
and any liability for which they may have become or may become responsible
under the Trust Deed or the ETP Securities in respect of any act or omission
in connection with the Proposal, its implementation or this Extraordinary
Resolution and its implementation;

5.         irrevocably and unconditionally waive any claim that we may
have against the Trustee as a result of anything done or omitted to be done by
the Trustee in good faith in connection with this (i) Extraordinary
Resolution, (ii) the Consolidation, (iii) the Consolidation Supplemental Trust
Deed, (iv) the Proposed Amendments and/ or (v) the Proposal;

6.         indemnify the Trustee, on demand, against any cost, loss or
liability incurred in connection with (i) any act (or omission to act) or step
implementing this Extraordinary Resolution, (ii) the Consolidation, (iii) the
Consolidation Supplemental Trust Deed, (iv) the Proposed Amendments and/ or
(v) the Proposal; unless such cost, loss or liability has been caused by the
Trustee's fraud, gross negligence or wilful default; and

7.         acknowledge that capitalised terms used in this
Extraordinary Resolution have the same meanings as those defined in the Notice
of Adjourned Meeting and/ or the Trust Deed (including the Conditions of the
ETP Securities), unless otherwise defined herein or unless the context
otherwise requires."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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