REG - Leverage Shares PLC - Result of ETP Securityholder Meeting - 3x NIO

Permanent TSB groupAnnouncement

30/01/2025 18:00

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RNS Number : 3481V  Leverage Shares PLC  30 January 2025

 

NOTICE TO ETP SECURITYHOLDERS OF RESULT OF ADJOURNED MEETING

To the holders of the outstanding

Leverage Shares 3x Long NIO ETP Securities

ISIN: XS2663694417

(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 2.30pm Dublin time on 30
January 2025 (the "Adjourned Meeting") the Extraordinary Resolution set out in
Schedule 1 hereto was duly passed.

 

Yours sincerely

The Directors

Leverage Shares plc

Date: 30 January 2025

SCHEDULE 1

EXTRAORDINARY RESOLUTION

"THAT this meeting of the holders of the Leverage Shares 3x Long NIO 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 on 17 July 2024 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 authorise and direct the
Trustee to concur and agree to the Consolidation 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, waiver 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 or otherwise necessary or appropriate to carry
out and give effect to the Proposal;

3.         waive any and all formalities described in and required by
the Trust Deed, the ETP Securities, the Conditions and/or any other document
relating to the ETP Securities in connection with the Proposal;

4.         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;

5.         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;

6.         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 and/or (iv) the Proposal;

7.         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 and or (iv) the Proposal; unless such
cost, loss or liability has been caused by the Trustee's fraud, gross
negligence or wilful default; and

8.         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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