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LONDON - iShares Physical Metals Plc announced on Monday the issuance of 1,697,000 securities of iShares Physical Silver ETC, representing Tranche Number 953 of the series. The securities were issued under the company's Secured Precious Metal Linked Securities Programme.
Following this issuance, the total number of securities in the iShares Physical Silver ETC series will increase from 59,648,428 to 61,345,428, according to the final terms document dated November 4, 2025.
The securities were issued at a price of $45.653923 with a metal entitlement of 0.952898839 per security as of the subscription trade date. The securities are undated with no final maturity date.
The silver-backed securities trade on the London Stock Exchange and may be admitted to trading on additional exchanges in the future. They carry a total expense ratio (TER) of 0.20% per annum.
iShares Physical Silver ETC securities are designed to provide investors with exposure to physical silver without requiring them to take physical delivery of the metal. The securities are secured by allocated silver held by JPMorgan Chase Bank, N.A., London Branch, which acts as the metal counterparty.
The securities have been admitted to the official list of the United Kingdom Financial Conduct Authority and to trading on the regulated market of the London Stock Exchange.
This information was provided in a regulatory filing based on a press release statement from iShares Physical Metals Plc.
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