March 31, 2022
LSE Code: 3BRS
WISDOMTREE MULTI ASSET ISSUER SOCIETE ANONYME
(a public company incorporated with limited liability in Ireland)
WISDOMTREE BRENT BRENT BRUT 3X DAILY SHORTS SECURITIES
PROPOSED MODIFICATION OF THE PRINCIPAL AMOUNT OF THE SECURITIES TARGETED
ADJOURNMENT OF THE MEETING OF ETP SECURITYHOLDERS
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If in doubt about what action to take, you are advised to consult your independent financial adviser.
If you have sold or transferred all of your WisdomTree Brent Crude Oil 3x Daily Short Securities (the “Titles concerned“) of WisdomTree Multi Asset Issuer Public Limited Company (the “Transmitter“), please send this document, together with the accompanying form of power of attorney, immediately to the purchaser or transferee or stockbroker, banker or other agent through whom the sale or transfer has been made, for subsequent transmission to the buyer or transferee.
The Issuer wishes to announce that the Meeting of Affected Noteholders scheduled for Thursday March 31, 2022, at 11:00 a.m. (the “Original meeting”) was adjourned, in accordance with paragraph 20 of Schedule 7 of the Trust Deed, due to lack of quorum. The adjourned meeting will be convened again on Friday, April 22, 2022 at 11:00 a.m., a date no later than 30 days after the initial meeting and will be held by way of virtual meeting (the “Adjourned meeting”).
The Adjourned Meeting is held to consider certain changes to the documentation, made under the powers set out in clause 2 of schedule 7 of the main trust indenture for the Affected Securities, necessary to effect a reduction in the principal amount of the Securities Affected from USD 1.14 to USD 0.114. This follows the price of the Affected Securities falling below 500%. of its current principal amount on March 1, 2022, and is designed to maintain normal trading and operations of the Affected Securities. Full details of the proposal and the extraordinary resolution are set out in the notice dated March 8, 2022.
In accordance with Article 11.5 of the Issuer’s articles of association, no other notice is required for the Adjourned Meeting. Affected Noteholders are therefore redirected to the original notification, including the circular dated March 8, 2022, together with a revised form of proxy for the Adjourned Meeting, which are available on the Issuer’s website at address https://www.wisdomtree.eu/en-gb/resource-library/prospectus-and-regulatory-reports#tab-2A942D42-5AA1-4008-9080-3C2DADB050A7.
Holders of the Affected Securities should note that a duly completed voting instruction already given in respect of the Initial Meeting will NOT continue to be valid for the Adjourned Meeting. Affected securityholders should therefore not rely on voting instructions already given with respect to the original meeting and should therefore arrange to vote again on the matters under consideration, in order to participate in the adjourned meeting.
Affected Securities Holders are advised to check with any bank, stockbroker or other intermediary through which they hold their Affected Securities whether such intermediary would need to receive instructions from an Affected Securities holder so that such holder of Affected Securities may participate in the Adjourned Meeting within the time limits specified in this circular. The deadlines set by such intermediary and each ICSD for submission instructions will be earlier than the relevant deadlines specified in the circular.
With respect to delivery instructions or obtaining voting certificates or making other arrangements for the transmission of voting instructions, in each case through ICSDs, holders of Affected Securities should note the particular practice and policy of the relevant ICSDs, including any prior time limits set by such ICSD. The deadlines set by any intermediary or by the DCTI will be prior to the deadlines set in the circular.
In accordance with normal practice, The Law Debenture Trust Corporation plc, as trustee, expresses no opinion on the merits of the proposal, the terms of which were not negotiated by it. It has, however, authorized that it be stated that, on the basis of the information contained in the original circular and in this document (which it advises holders of Affected Securities to read carefully), it has no objection to the form in which the Proposal and the Opinion of the Meeting are presented to holders of Affected Securities for consideration.
Holders of the affected securities will be notified of the result of the adjourned meeting shortly thereafter.