Leverage Shares
plc
21 October
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 regarding the
suspension of listing on the following Series from trading on the
London Stock Exchange
Leverage Shares -3x Short
MicroStrategy (MSTR) ETP (ISIN XS2901884077)
Leverage Shares 3x Long
MicroStrategy (MSTR) ETP (ISIN XS2901882618)
(the "Relevant
Series")
Leverage Shares plc (the
("Issuer") is providing
this notice in response to numerous queries received following the
release of the Issuer's notice on 18 October 2024 regarding the
temporary suspension of trading of the Relevant Series on the
London Stock Exchange with effect from 7.30am (London time) on 18
October 2024 (the "Suspension").
The Issuer's Base Prospectus was
approved by the Financial Conduct Authority (the "FCA") as competent authority under the
United Kingdom's version of Regulation (EU) No 2017/1129 of the
European Parliament and of the Council of 14 June 2017 on the
prospectus to be published when securities are offered to the
public or admitted to trading on a regulated market, and repealing
Directive 2003/71/EC, which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018 ("UK Prospectus Regulation") on 17 July
2024 (the "UK Base
Prospectus").
The Issuer requested the Suspension
following discussions with the FCA regarding the information set
out in the Issuer's UK Base Prospectus in relation to MicroStrategy
Incorporated, the Reference Asset of each of the Relevant Series
("MicroStrategy").
On 1 August 2024, MicroStrategy
announced its financial results for the three month period ended
June 30, 2024 which reported that MicroStratey's holding of bitcoin
increased to 226,500.
In order to ensure ongoing compliance
with the disclosure requirements of the UK Prospectus Regulation,
the Issuer has submitted a supplement to the UK Base Prospectus to
the FCA for review (the "Supplement"). The Supplement will
provide additional disclosure on the business of MicroStrategy,
including its holdings in bitcoin.
The Issuer intends to request a
lifting of the Suspension as soon as the Supplement is approved by
the FCA.
The Issuer shall inform ETP
Securityholders as soon as reasonably practicable once the Relevant
Series resume trading on the London Stock Exchange.
Capitalised terms used, but not
defined, in this notice shall have the meaning given thereto in the
Master Definitions Schedule in relation to the Programme dated 17
July 2024.
If you have any queries arising from
this notice, please contact us at info@leverageshares.com.
Yours sincerely
The
Directors
Leverage Shares