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LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, adding 435,000 units to its existing offerings. The new securities, which are part of Tranche 696, will increase the total number of ETC Securities immediately following the issue to 61,639,859.00.
The Amundi Physical Gold ETC provides investors with exposure to the gold market by issuing securities backed by physical gold. Each security in the new tranche has a metal entitlement of 0.03967299 fine troy ounces as of the subscription trade date. The securities issued under this programme are linked to the price of gold, allowing investors to gain exposure to the precious metal without the need to take physical delivery.
The issue date for the relevant tranche of ETC securities is set for May 20, 2025, with the series initially issued on May 23, 2019. The scheduled maturity date for these securities is distant, on May 23, 2118, indicating a long-term investment horizon.
Amundi Physical Metals plc maintains a total expense ratio of 0.12% per annum for the management of these securities, which is deducted from the metal entitlement associated with each security.
Applications for the ETC Securities to be admitted to trading have been submitted to various exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange. This widespread listing is intended to provide ample opportunity for trading and liquidity across different markets.
The issuer, Amundi Physical Metals plc, is a public company incorporated in Ireland and operates as a special purpose vehicle for the issuance of securities linked to precious metals. The company’s activities are focused on managing the programme under which these ETC Securities are issued.
Investors considering the Amundi Physical Gold ETC should note that the value of these securities is directly linked to the fluctuating price of gold, which can be volatile. The securities offer a way to invest in gold with the convenience of trading on regulated markets. However, it’s important to understand that all investments carry risks, including potential losses.
This announcement is based on a press release statement and aims to provide investors with essential information regarding the new issuance of ETC Securities by Amundi Physical Metals plc.
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