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LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 190,000 ETC Securities, identified as Tranche 658, under its Secured Precious Metal Linked ETC Securities Programme. This addition follows the issue of Tranche 657 and brings the total number of ETC Securities to 57,107,059 immediately after the issuance.
The ETC Securities, linked to the Amundi Physical Gold ETC, offer exposure to gold prices without the need for investors to take physical delivery of the metal. Each ETC Security corresponds to a specific weight in gold, with an initial metal entitlement set at the series issue date. Over time, the metal entitlement is reduced by a Total (EPA:TTEF) Expense Ratio of 0.12% per annum to fund the issuer’s operational fee.
Amundi Physical Metals plc has secured the obligations of the ETC Securities with interests over the rights under the agreements related to the ETC Securities and the underlying gold. The security becomes enforceable if the scheduled maturity date payment is not made in full.
Investors should note that the value, secondary market price, and redemption amount of each ETC Security will be affected by movements in gold prices, market perception, creditworthiness of transaction parties, and liquidity on the secondary market. The ETC Securities are designed to be freely transferable, subject to certain restrictions on sales into specific jurisdictions.
The ETC Securities are expected to be admitted to trading on regulated markets such as Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG)’s main market. They may also be listed on additional exchanges in the future.
This issuance is based on a press release statement and aims to provide investors with an alternative means of gaining exposure similar to a direct investment in gold.
Amundi Physical Metals plc is a public company limited by shares incorporated in Ireland, with shares held by Cafico Trust Company Limited on trust for charitable purposes. The company’s statutory auditors are KPMG Ireland. The information is based on the issuer’s financial position as of March 31, 2024, and highlights the key risks associated with the issuer, the ETC Securities, and the trading of these securities.
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