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LONDON - Amundi Physical Metals plc has announced the issuance of 80,000 ETC Securities as part of its Amundi Physical Gold ETC, under its Secured Precious Metal Linked ETC Securities Programme. The new tranche, numbered 693, will follow the issue of previous tranches, bringing the total number of ETC Securities in the series to 61,006,859.00 immediately after the issuance.
The latest issuance, set for Thursday, May 15, 2025, is part of the company’s ongoing efforts to provide investment solutions linked to the price of physical gold. Each ETC Security in this tranche is associated with a metal entitlement of 0.03967338 fine troy ounces, a slight decrease from the initial metal entitlement of 0.04 fine troy ounces at the series issue date on May 23, 2019.
Investors will be interested to note the Total (EPA:TTEF) Expense Ratio, which remains at 0.12% per annum, affecting the metal entitlement associated with each ETC Security. This cost structure is designed to fund the operational fees of the issuer without the need for additional charges.
Applications for the ETC Securities have been made to Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the main market of the London Stock Exchange (LON:LSEG), as well as the International Quotation System of the Mexican Stock Exchange, reflecting Amundi’s strategy to provide broad market access to its products.
The estimated total net proceeds from the issue amount to USD 10,245,096.00, with an estimate of total expenses related to the admission to trading for the relevant tranche of approximately €3,000.
This issuance is part of Amundi’s commitment to offer investment opportunities in physical gold, allowing investors to gain exposure to the metal’s price movements without the need to take physical delivery. The information is based on a press release statement from Amundi Physical Metals plc.
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