EU and US could reach trade deal this weekend - Reuters
LONDON - GraniteShares Financial PLC announced a consolidation of its 3x Short Rolls-Royce (OTC:RYCEY) Daily ETP Securities (ETP Securities), scheduled to take effect on Monday, 09 June 2025. The consolidation will combine every 400 existing ETP Securities into one new ETP Security.
The Record Date for the consolidation is set for 06 June 2025, with the last day of trading in the current form of the securities. Following the consolidation, the new ISIN will change from XS2698603599 to XS3081791413, and the SEDOL for the GBX trading line (3SRR) will change from BRRD6B3 to BS5Y734.
The London Stock Exchange (LON:LSEG) (LSE) will see the first trading of the consolidated securities commence on the specified Monday. The consolidation aims to increase the Minimum Consolidation Amount and Value per ETP Security, offering a proportionally larger security to investors.
In instances where the consolidation results in fractional ETP Securities, GraniteShares will redeem these fractions. Securityholders are entitled to a payout at the greater value between the determined Value per ETP on the Record Date and the Minimum Redemption Amount.
This move is in accordance with Condition 19 (Consolidation and Division of ETP Securities) of the ETP Securities conditions laid out by GraniteShares Financial PLC. The company has issued this notice in compliance with Condition 20(b) (Notices), which requires informing securityholders of significant changes.
Investors holding the ETP Securities are advised to consult with their independent financial advisers to understand the implications of the consolidation on their investments. The detailed terms of the consolidation are outlined in the Supplemental Trust Deed, which will be dated on or about 09 June 2025.
This consolidation is part of the company’s ongoing efforts to manage its portfolio of exchange-traded products and to ensure that its offerings align with the interests of investors. GraniteShares is known for providing a range of investment solutions, including leveraged and short exchange-traded products.
The information for this article is based on a press release statement from GraniteShares Financial PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.