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LONDON - iShares Physical Metals Plc announced on Monday the issuance of 172,000 new securities of iShares Physical Gold ETC, representing Tranche Number 2380 of the series. According to the press release statement, this brings the total number of securities in the series to 394,542,777, up from 394,370,777 prior to this issuance.
The newly issued securities have a price of $79.07 per unit with a metal entitlement of 0.019413388 fine troy ounces of gold per security. The securities are denominated in U.S. dollars and trade on the London Stock Exchange and the Frankfurt Stock Exchange.
iShares Physical Gold ETC securities are backed by physical gold held in allocated accounts. The company maintains a total expense ratio (TER) of 0.12% per annum, which is applied to the metal entitlement on a daily basis.
The securities are secured, limited recourse obligations of the issuer that rank equally among themselves. They operate with no final maturity date, making them open-ended investments.
JPMorgan Chase Bank, N.A., London Branch serves as the Metal Counterparty for the series, while the securities have been admitted to the official list of the United Kingdom Financial Conduct Authority.
The issue date for this tranche is November 25, 2025, as specified in the final terms document published by the company.
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