Trump announces trade deal with EU following months of negotiations
LONDON - GraniteShares Financial PLC announced a consolidation of its GraniteShares 3x Short MicroStrategy Daily ETP Securities, scheduled to take place on Monday, May 19, 2025. The move will see every 10,000 existing ETP Securities combined into one new ETP Security.
The consolidation will result in a change of International Securities Identification Number (ISIN) from XS2836637525 to XS3069873134. Additionally, the SEDOLs for USD and GBX trading lines will change to BQ82B17 and BQ82BF1, respectively.
Holders of the ETP Securities are advised that the record date for the consolidation is set for May 16, 2025, which will be the last day of trading before the consolidation takes effect. The first trading date of the consolidated securities is scheduled for May 19, 2025.
In cases where the consolidation results in fractional entitlements, the issuer will redeem these fractions at the greater of the value per ETP as determined on the record date or the minimum redemption amount. This action is in accordance with Condition 19 (Consolidation and Division of ETP Securities) of the ETP Securities.
This notice, issued by Director Aileen Mannion, is in line with Condition 20(b) (Notices) and is intended to inform security holders of the impending changes. The consolidation aims to adjust the minimum consolidation amount and value per ETP Security, although specific financial details were not disclosed.
Investors holding these securities are recommended to consult with their independent financial advisers if they are in doubt about the actions they should take in response to this consolidation.
The information regarding this consolidation is based on a press release statement 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.