February 23, 2021
LSE code: 3BRS
WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
(a public company incorporated with limited liability in Ireland)
WISDOMTREE BRENT CRUDE OIL 3X DAILY SHORT TITLES
PROPOSED AMENDMENT TO THE MAIN AMOUNT OF ALLOCATED SECURITIES
MEETING OF ETP SAFETY MANAGERS
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If in doubt about what action to take, it is recommended that you consult your independent financial advisor.
NOTICE is hereby given that, pursuant to the provisions of the Indenture dated November 30, 2012 (as amended) constituting (among others) the WisdomTree Brent Crude Oil 3x Daily Short Securities (the “Securities concerned”With ISIN IE00BLRPRK35) and between (1) WisdomTree Multi Asset Issuer Public Limited Company (the“Transmitter“), (2) The Law Debenture Trust Corporation plc (the”Curator“) And (3) WisdomTree Multi Asset Management Limited (the”Director“), A meeting of holders of the Notes concerned (the”Security holders concerned“), Convened by the Issuer, will be held as a virtual meeting on Thursday, March 18, 2021 at 11 a.m. local time (the”Meeting”).
The Meeting is required to examine certain modifications, made by virtue of the powers set out in clause 2 of appendix 7 of the main trust deed of the Securities concerned, to the documentation required to effect a reduction in the principal amount of the Securities. affected from 11.40 USD to 1.14 USD. This follows the fall in the price of the relevant Notes below 500% of their current principal amount on February 16, 2021 (the “Threshold event date”).
In a scenario where the vote fails, if the price then falls below 200% of the principal amount 60 days or more from the date of the threshold event, then a mandatory redemption event will be triggered and the issuer will be obliged to reimburse all relevant security holders.
In order to maintain normal trading and operations of the Affected Notes and to avoid triggering a mandatory redemption event, the Issuer considers that the principal amount of the Affected Notes should be reduced.
The reduction in the principal amount will not affect the price of the securities concerned, as the price is calculated by reference to the underlying index and not to the principal amount of the securities concerned.
It is important to note that:
Reducing the principal amount of affected securities does NOT dilute an affected securityholder’s holding or reduce the value of an affected securityholder’s holding.
The reduction in the principal amount does NOT negatively IMPACT the ability of the investor to trade in the securities concerned.
The reduction in principal does NOT affect the amount an affected securityholder would receive, in practice, on redeeming the affected securities.
Relevant Holders can also access the notification, including the circular, on the Issuer’s website at
https: // www.wisdomtree.eu/en-gb/resource-library/prospectus-and-regulatory-reports#tab-2A942D42-5AA1-4008-9080-3C2DADB050A7
Holders of the relevant securities are advised to check with any bank, securities broker or other intermediary through which they hold their relevant securities when such intermediary would need to receive instructions from a relevant security holder so that this holder of the securities concerned attends the Meeting within the time limits indicated in this circular. The deadlines set by such intermediary and each ICSD for submission instructions will be earlier than the relevant deadlines specified in this Circular.
With respect to delivery instructions or obtaining voting certificates or making arrangements to give voting instructions, in each case through the ICSDs, holders of the relevant securities should take note of the practice and the specific policy of the ICSDs concerned, including any time limits previously set. by such an ICSD. The deadlines set by any intermediary or by the ICSDs will precede the deadlines set in this circular.
The security holders concerned will be notified of the outcome of the meeting shortly thereafter.