02 February 2023
LEI: 635400MFOIY6BX1JUC92
Previous ISIN: XS2377112896
New ISIN: XS2575914176
LSE Code: 3LCO and LCO3
GRANITESHARES FINANCIAL PLC (the "Issuer")
GRANITESHARES 3X LONG COINBASE DAILY ETP SECURITIES (the "ETP Securities")
NOTICE OF CONDOLIDATION OF SECURITIES
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.
NOTICE is hereby given by the Issuer to the holders of the ETP Securities pursuant to Condition 20(b) (Notices) that, in accordance with Condition 19 (Consolidation and Division of ETP Securities), and following the Notice dated 13 January 2023 the Issuer consolidated all of the ETP Securities into ETP Securities with a proportionally larger Minimum Redemption Amount and Value per ETP Security, further details of which are contained in the Annex hereto. Such consolidation was affected by way of Supplemental Trust Deed dated on 01 February 2023 between, inter alios, the Issuer and the Trustee.
| ETP Securities | GraniteShares 3x Long Coinbase Daily ETP |
| New ISIN | The consolidation will result in change of ISIN from XS2377112896 to XS2575914176 |
| Record Date of consolidation of ETP Securities | 27 January 2023 |
| Effective Date of consolidation of ETP Securities | 30 January 2023 |
| Details of consolidation | Each 20,000 ETP Securities held by a Securityholder were consolidated into 1 ETP Securities. Number of ETP Securities outstanding prior to consolidation: 1,613,202,000 Number of ETP Securities outstanding after consolidation: 80,659 Value per ETP Security prior to consolidation: US$ 0.00081142 Value per ETP Security after consolidation: US$ 16.22849785 There were 22,000 fractional securities each with a value equal to the Value per ETP determined on 27 January 2023 of US$ 0.00081142. Hence a total payment of $17.85 will be submitted by the Issuer. |
Capitalised terms not defined herein shall have the meaning given to them in the Issue Deed relating to the ETP Securities).
This Notice is given by the Issuer.
GRANITESHARES FINANCIAL PLC
By: ___/s/ Aileen Mannion____________
Name: Aileen Mannion
Title: Director
3rd Floor, Kilmore House
Park Lane, Spencer Dock
Dublin 1
Ireland
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