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LONDON - GraniteShares Financial PLC announced a consolidation of its GraniteShares 3x Short Barclays (LON:BARC) Daily ETP Securities (ETP Securities), with the record date set for Friday, 06 June 2025. This move will see every 80 ETP Securities held by an investor consolidated into one ETP Security, commencing trading on Monday, 09 June 2025.
The consolidation will result in a change of the International Securities Identification Number (ISIN) from XS2620728605 to XS3081792064, and also a change in the Stock Exchange Daily Official List (SEDOL) for the GBX trading line from BR103X1 to BS5Y745.
Investors should note that the last day of trading before the consolidation is the record date. Following the consolidation, if a security holder would be entitled to a fraction of an ETP Security, the Issuer will redeem such fractional ETP Security. The payment for any fractional securities will be the greater of the Value per ETP as determined on the record date or the Minimum Redemption Amount.
The consolidation is in accordance with Condition 19 (Consolidation and Division of ETP Securities) of the ETP Securities, and will be effected by way of a Supplemental Trust Deed dated on or about 09 June 2025.
GraniteShares is executing this consolidation to adjust the minimum consolidation amount and value per ETP Security proportionally. This action aligns with the company’s structured financial product offerings and is aimed at streamlining the investment process for security holders.
Investors and stakeholders are advised to consult with their independent financial advisers if they are in doubt about the actions they should take in response to this consolidation.
This announcement is based on a press release statement by GraniteShares Financial PLC and serves to inform the holders of the ETP Securities of the upcoming changes.
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