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LONDON - iShares Physical Metals Plc announced on Thursday the issuance of 1.05 million securities of its iShares Physical Gold ETC, representing Tranche Number 2383 of the series. The securities were issued under the company’s Secured Precious Metal Linked Securities Programme.
According to the final terms dated November 28, 2025, the issue price was set at $80.11 per security with a metal entitlement of 0.019413133 fine troy ounces of gold per security.
Following this issuance, the total number of securities in the series will increase from 395,319,777 to 396,369,777. The securities are listed on the London Stock Exchange and the Frankfurt Stock Exchange.
The iShares Physical Gold ETC securities are backed by allocated physical gold held by JPMorgan Chase Bank, N.A., London Branch, which acts as the metal counterparty. The securities have a total expense ratio of 0.12% per annum.
The securities are undated with no final maturity date and are designed to provide investors with exposure to gold without requiring physical delivery of the metal. They can be traded through financial intermediaries on the exchanges where they are listed.
The information was disclosed in a regulatory filing based on a press release statement from the company.
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