Investing.com - Financial Markets Worldwide

GraniteShares adjusts AMD ETP with reverse split

Published 19/05/2025, 13:06
GraniteShares adjusts AMD ETP with reverse split
LAM3
0.00%

LONDON - GraniteShares Financial PLC has announced a consolidation of its GraniteShares 3x Long AMD (NASDAQ:AMD) Daily ETP Securities (ETP Securities), effective from Monday, June 2, 2025. This action will result in a reverse split of the ETP Securities currently trading on the London Stock Exchange (LON:LSEG) under the ticker symbols 3LAM for USD and LAM3 for GBX.

The consolidation process will see every 200 ETP Securities held by an investor being merged into one ETP Security. In line with this change, the International Securities Identification Number (ISIN) will transition from XS2377112110 to XS3075487713. Additionally, the Stock Exchange Daily Official List (SEDOL) codes for the USD and GBX trading lines will change to BMVFBD7 and BMVFBF9, respectively.

The record date for the consolidation is set for May 30, 2025, which will be the last day of trading before the reverse split takes effect. Following this date, the consolidated securities will begin trading on June 2, 2025. In instances where the consolidation results in fractional entitlements for security holders, the issuer will redeem such fractions at the greater value of the ETP as determined on the record date or the minimum redemption amount.

This move is part of the Issuer’s adherence to Condition 19 (Consolidation and Division of ETP Securities) of the ETP Securities, which allows for the consolidation to adjust the minimum amount and value per ETP Security. The adjustment is intended to streamline the structure of the ETP Securities for investors.

GraniteShares Financial PLC has issued this notice to investors to inform them of these upcoming changes and to provide guidance on the implications of the consolidation. Investors are recommended to consult their independent financial advisers if they have any concerns or questions regarding the action.

The information for this article is based on a press release statement issued by GraniteShares Financial PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.