Leverage Shares to merge -3x Short UBS ETP securities at 48-to-1 ratio
Holders of the -3x Short UBS ETPs approved a consolidation; issuer Leverage Shares plc will combine every 48 securities into one from 22 October 2026.
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what happened
Holders of the Leverage Shares -3x Short UBS ETP Securities approved an extraordinary resolution at an adjourned meeting held in Dublin on 15 October 2026 at 2:15pm local time. According to the issuer, Leverage Shares plc, the consolidation applies to holders registered at the close of markets on 21 October 2026.
The consolidated securities will start trading on 22 October, while the last trading day under the old ISIN XS2691036805 is 21 October. Any fractional holdings will be redeemed by the issuer on 21 October. The new ISIN will be XS3517318773, and the SEDOL codes are changing as well.
Subscription orders will be suspended on 20 and 21 October, and redemption orders from 19 to 21 October. The securities will keep trading on the exchanges where they are listed.
why it matters
For the market this is a technical event: the number of securities falls 48-fold, so the reference price per unit and its calculation will change accordingly. Holders should note the order suspension dates and the new ISIN and SEDOL codes to avoid errors in settlement and transfers.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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