
Researches By 3srr
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT ROLLS ROYCE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331
Topic: Industrials
Publication Type: Regulatory News
3SRR - NOTICE OF AMENDMENT OF MRA 20230331
31 March, 2023 | GraniteShares
GRANITESHARES FINANCIAL PLC (the “Issuer”) GRANITESHARES 3X SHORT ROLLS ROYCE DAILY ETP SECURITIES (the “ETP Securities”) NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT 20230331
As a result of the sharp rise in the share price of Rolls-Royce Holdings Plc on 9th and 10th November 2020, the Value per ETP Security for the GraniteShares 3x Short Rolls-Royce Daily ETP (3SRR) fell below 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days. In application of Condition 8 (d) (vii)[1] such an occurrence has resulted in an Early Redemption Event, notice of which has been given to Securityholders by GraniteShares Financial Plc (the “Issuer”) through an RNS announcement.
Topic: Industrials
Publication Type: Articles
Early Termination of 3SRR ETP Due to Rolls-Royce Volatility
12 November, 2020 | GraniteShares
As a result of the sharp rise in the share price of Rolls-Royce Holdings Plc on 9th and 10th November 2020, the Value per ETP Security for the GraniteShares 3x Short Rolls-Royce Daily ETP (3SRR) fell below 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days. In application of Condition 8 (d) (vii)[1] such an occurrence has resulted in an Early Redemption Event, notice of which has been given to Securityholders by GraniteShares Financial Plc (the “Issuer”) through an RNS announcement.
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.
Topic: Industrials
Publication Type: Regulatory News
3LBP NOTICE OF AMENDMENT OF MRA 04112020
11 November, 2020 | GraniteShares
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.
GraniteShares 3x Short Rolls-Royce Daily ETP is a collateralised, Exchange-Traded Product (ETP).
The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Rolls-Royce Holdings plc Index that seeks to provide -3 times the daily performance of Rolls-Royce Holdings plc shares (the Index).
In order to prevent the security from finishing worthless during a given trading day, the index has a stop loss mechanism that is activated when the underlying security moves by more than 16.67%.
On 9 November, the Rolls-Royce share price moved significantly, up by 100% during the day at one point, which resulted in the stop loss mechanism being triggered three times during the course of the day.
Topic: Industrials
Publication Type: Articles
Important Information – 3SRR
11 November, 2020 | GraniteShares
GraniteShares 3x Short Rolls-Royce Daily ETP is a collateralised, Exchange-Traded Product (ETP).
The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Short Rolls-Royce Holdings plc Index that seeks to provide -3 times the daily performance of Rolls-Royce Holdings plc shares (the Index).
In order to prevent the security from finishing worthless during a given trading day, the index has a stop loss mechanism that is activated when the underlying security moves by more than 16.67%.
On 9 November, the Rolls-Royce share price moved significantly, up by 100% during the day at one point, which resulted in the stop loss mechanism being triggered three times during the course of the day.
The Value per ETP for the GraniteShares 3x Short Rolls-Royce Daily ETP has been less than 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.
Topic: Industrials
Publication Type: Articles
3SRR – Early Redemption Event
10 November, 2020 | GraniteShares
The Value per ETP for the GraniteShares 3x Short Rolls-Royce Daily ETP has been less than 200% of the Minimum Redemption Amount on two consecutive Scheduled Valuation Days.
As part of its recapitalisation, Rolls-Royce is preparing to raise cash through a rights issue. Subject to shareholder approval at the General Meeting on 27 October 2020, Rolls-Royce’s shares will start trading ex-rights on 28 October 2020 (the ex-date).
Topic: Industrials
Publication Type: Articles
Rolls-Royce ETP values
30 October, 2020 | GraniteShares
As part of its recapitalisation, Rolls-Royce is preparing to raise cash through a rights issue. Subject to shareholder approval at the General Meeting on 27 October 2020, Rolls-Royce’s shares will start trading ex-rights on 28 October 2020 (the ex-date).
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.
Topic: Industrials
Publication Type: Regulatory News
3SRR - NOTICE OF AMENDMENT OF MRA 20201030
30 October, 2020 | GraniteShares
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.