Janux stock plunges after hours following mCRPC trial data
LONDON - Amundi Physical Metals plc announced on Monday the issuance of 34,000 new ETC (Exchange Traded Commodity) securities as part of its Physical Gold ETC program, representing Tranche 777 of the series.
According to the final terms document dated November 12, this new issuance will bring the total number of outstanding Amundi Physical Gold ETC securities to 66,463,759. The securities are scheduled to mature on May 23, 2118.
The ETC securities are designed to provide investors with exposure to gold prices without requiring physical delivery of the metal. Each security is backed by physical gold held in allocated accounts, with an initial metal entitlement of 0.04 fine troy ounces per security at the series launch in May 2019. The current metal entitlement stands at 0.0396495 fine troy ounces per security.
The securities carry a total expense ratio of 0.12% per annum, which is deducted from the metal entitlement over time to fund operational fees.
Trading of these securities has been approved on multiple exchanges including Euronext Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange, and the International Quotation System of the Mexican Stock Exchange.
The ETC securities are secured, limited recourse obligations of the issuer, with the gold holdings serving as collateral. They are governed by Irish law with security trust deeds under both Irish and English law.
This information is based on a press release statement from Amundi Physical Metals plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.