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LONDON - iShares Physical Metals Plc announced on Tuesday the issuance of 325,000 new securities of its iShares Physical Gold ETC, representing Tranche Number 2381 of the series. The securities were issued under the company’s Secured Precious Metal Linked Securities Programme.
According to the final terms document, the total number of securities in the series will increase from 394,707,777 to 395,032,777 following this issuance. The issue price was set at $79.245642 per security with a metal entitlement of 0.019413197 fine troy ounces of gold per security.
The securities have been admitted to trading on the regulated market of the London Stock Exchange and the Frankfurt Stock Exchange. They are denominated in U.S. dollars and are undated with no final maturity date.
The total expense ratio for the securities remains at 0.12% per annum, which is applied to the metal entitlement on a daily basis to determine the daily deduction of gold from the metal entitlement.
JPMorgan Chase Bank, N.A., London Branch serves as the Metal Counterparty for the series, while multiple financial institutions including Susquehanna Ireland Limited, Credit Suisse Securities, Morgan Stanley, and others act as Authorized Participants.
The securities are backed by allocated physical gold held by the custodian on behalf of the issuer. The information was disclosed in a regulatory filing published by the company on November 25, 2025.
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