LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 540,000 additional ETC Securities, which represents Tranche 633 of the Amundi Physical Gold ETC. These securities are linked to the price of gold and offer investors exposure to the metal without the necessity of taking physical delivery.
The issue date for this tranche was December 17, 2024, with the initial metal entitlement per security set at 0.04 fine troy ounces. As of the subscription trade date for this tranche, the metal entitlement has been adjusted to 0.03969309 fine troy ounces, reflecting the Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, which gradually reduces the metal entitlement over time.
Amundi Physical Gold ETC securities are secured by gold held on an allocated basis, ensuring that each security corresponds to a specific amount of gold. The securities are designed to track the performance of the gold price and are aimed at investors seeking an alternative to direct investment in gold.
The issuer, Amundi Physical Metals plc, is a special purpose vehicle with no significant assets other than its share capital and the assets securing each series of ETC Securities, primarily gold. The securities are secured by the underlying gold, with the obligations of the issuer limited to the secured property. In case of insufficient proceeds from the secured property to meet all secured claims, any outstanding claim will be extinguished, and no debt will be owed by the issuer.
This issuance of ETC Securities is part of Amundi Physical Metal Plc’s Secured Precious Metal Linked ETC Securities Programme and has been listed and 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 issue of this tranche brings the total number of ETC Securities of the series to 51,252,155.00 immediately following the issuance. This information is based on a press release statement.
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