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Monday 04 August, 2014

ETFS Industrial

Compulsory Redemption

RNS Number : 2247O
ETFS Industrial Metal Securities Ld
04 August 2014
 

ETFS Industrial Metal Securities Limited

4 August 2014

 

ETFS Industrial Metal Securities Limited

Compulsory Redemption of all Industrial Metal Securities

This announcement is made further to the announcement by ETFS Industrial Metal Limited (the "Issuer") made on 19 June 2014 that notice has been given to the Authorised Participants that the Issuer has suspended the issue of Industrial Metal Securities of each type.

The Issuer hereby gives notice pursuant to Condition 7.1 of the Conditions that all Industrial Metal Securities are to be redeemed compulsorily and that the Final Trading Date for the Industrial Metal Securities (with effect from which date the Issuer will apply for trading in the Industrial Metal Securities of each class to be suspended) will be 3 September 2014.

Redemption Forms received (or deemed received) prior to close of business on 17 September 2014 will be valid and will be processed in the normal way.  Redemption Forms received (or deemed received) on or after that day will be invalid.  Any Industrial Metal Securities then remaining in issue will be Redeemed compulsorily in accordance with the Conditions.  Industrial Securities to be Redeemed compulsorily will be Redeemed by Metal Sale unless the relevant Security Holder, being eligible to do so in accordance with Condition 7.8.1, has requested Redemption by Metal Delivery on or prior to the Final Trading Date.

It is expected that settlement of cash redemption proceeds due to Security Holders being Redeemed by Metal Sale and holding their Industrial Metal Securities in uncertificated form will be made via CREST on or about 25 September 2014.

In the case of Security Holders being Redeemed by Metal Sale and holding their Industrial Metal Securities in certificated form, payment will be made by way of US dollar cheque sent to them at their address on the register on or about 25 September 2014.

Terms used in this notice and not otherwise defined bear the same meanings as where used in the base prospectus of the Issuer dated 24 June 2013.

For further information, please contact

 

Richard Parker,

R&H Fund Services (Jersey) Limited

Tel:       +44 (0) 1534 825200

Fax:      +44 (0) 1534 825335

E-mail address: [email protected]


This information is provided by RNS
The company news service from the London Stock Exchange
 
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