Leverage Shares halts trading of MicroStrategy ETPs on LSE

On Friday, Leverage Shares plc announced a temporary suspension of two of its exchange-traded products (ETPs) related to MicroStrategy. The affected products are the Leverage Shares -3x Short MicroStrategy (MSTR) ETP and the Leverage Shares 3x Long MicroStrategy (MSTR) ETP. The suspension took effect at 7:30 am London time on October 18, 2024, and was executed on the London Stock Exchange (LSE).

The suspension of these financial instruments is in anticipation of an update to the Issuer's Base Prospectus, which will be supplemented accordingly. The Supplement is expected to provide additional information to the ETP Securityholders, although the specific details of the update have not been disclosed.

Trading of the Relevant Series will remain halted until further notice. Leverage Shares plc has committed to informing ETP Securityholders as soon as it is feasible after the trading on the London Stock Exchange resumes.

This notice follows the Master Definitions Schedule related to the Programme dated July 17, 2024. The capitalised terms used in the notice refer to definitions provided therein. Securityholders of the affected ETPs are advised to stay updated for further communications from the Issuer regarding the resumption of trading.

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Source: Investing.com