Leverage Shares PLC LS -1x PLUG Intraday Rebalance Notice
May 14 2024 - 10:11AM
RNS Regulatory News
RNS Number : 4134O
Leverage Shares PLC
14 May 2024
Leverage Shares
plc
14.05.2024
THIS NOTICE IS IMPORTANT AND
REQUIRES THE IMMEDIATE ATTENTION OF THE HOLDERS OF THE ETP
SECURITIES. IF ANY ETP SECURITYHOLDER IS IN ANY DOUBT AS TO THE
ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT
PROFESSIONAL ADVISERS IMMEDIATELY
If
you have recently sold or otherwise transferred your entire
holding(s) of ETP Securities referred to below, you should
immediately forward this document to the purchaser or transferee or
to the stockbroker, bank or other agent through whom the sale or
transfer was effected for transmission to the purchaser or
transferee.
NOTICE OF INTRADAY
REBALANCE
Leverage Shares plc (the
("Issuer") hereby gives
notice that at 09:30:00 EST on 14.05.2024 (the "Trigger Time"), the price of Plug Power
Inc. (PLUG) (the "Reference
Asset") for the Leverage Shares -1x Short Plug Power ETP
(ISIN: XS2336362079) (the "ETP Securities") reached a trading price of
$4.89 on exchange (the "Trigger
Value"), representing a increase of 69.20% from its previous
closing price of $2.89, thereby crossing the 50% set in the index
methodology for the iSTOXX Inverse Leveraged -1x PLUG Index (the
"Index").
This event triggered an intraday
rebalance of the Index, which in turn triggered an intraday
rebalance of the ETP Securities as provided in the Prospectuses for
the ETP Securities:
https://leverageshares.com/?page_id=16700
https://leverageshares.com/?page_id=16514
(the "Prospectuses").
Starting 5 minutes after the Trigger
Time, the Issuer carried out an intraday rebalance over the
10-minute period following the Trigger Time using the Trigger Value
as the reference (the "Intraday
Rebalance"), achieving an average price of $4.06659 and
setting an ETP Security Value of $3.00888 (the "Rebalanced ETP Security
Value").
Terms used but not defined in this
notice shall bear the meanings assigned to them in the
Prospectuses.
If you have any queries arising from
this notice, please contact us at info@leverageshares.com.
Yours sincerely
The
Directors
Leverage Shares plc
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END
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