LONDON - Amundi Physical Metals plc (GLDA) has announced the issue of 695,000 ETC Securities, identified as Tranche 621, under its Secured Precious Metal Linked ETC Securities Programme. This issuance brings the total number of ETC Securities of the Amundi Physical Gold ETC series to 48,432,455.00, each with an initial metal entitlement of 0.04 fine troy ounces as of the series issue date on May 23, 2019.
The newly issued ETC Securities, dated November 21, 2024, have been admitted to trading on several 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. The scheduled maturity date for these securities is May 23, 2118.
Each ETC Security provides exposure to gold, with the issuer holding sufficient gold to meet its obligations. The gold is primarily held in allocated accounts, and the securities are designed to offer investors exposure to gold price movements without physical delivery. The Total (EPA:TTEF) Expense Ratio for the series stands at 0.12% per annum.
The issuer, Amundi Physical Metals plc, is a public company limited by shares incorporated in Ireland and operates under the regulatory approval of the Central Bank of Ireland. As a special purpose vehicle, the issuer's obligations under the ETC Securities are secured by the underlying gold, with limited recourse only to the Secured Property.
Investors should note that the ETC Securities do not pay periodic interest, and the value of the securities, along with the early redemption amount or final redemption amount, will be affected by the performance of gold, market perceptions, and liquidity in the secondary market.
This information is based on a press release statement.
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