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LONDON - iShares Physical Metals Plc announced the issuance of 90,000 new securities of its iShares Physical Gold ETC, representing Tranche Number 2370 of the series. The securities were issued on November 10, 2025, according to a press release statement.
The new tranche increases the total number of securities in the series from 395,616,741 to 395,706,741. Each security has a metal entitlement of 0.019414346 fine troy ounces of gold, with an issue price of $77.395290.
The securities are listed on the London Stock Exchange and the Frankfurt Stock Exchange, with applications made for admission to trading on these regulated markets. They carry the international securities identifier number (ISIN) IE00B4ND3602.
The gold-backed securities maintain a total expense ratio of 0.12% per annum, which is applied to the metal entitlement on a daily basis. The securities are undated with no final maturity date.
JPMorgan Chase Bank, N.A., London Branch serves as the metal counterparty for the series, while Citibank N.A. London Branch acts as the paying agent.
The securities constitute secured, limited recourse obligations of the issuer, with the underlying gold held in allocated form by the custodian. Investors can buy and sell the securities through financial intermediaries on the exchanges where they are listed.
The issuance is part of iShares Physical Metals’ Secured Precious Metal Linked Securities Programme, which allows investors exposure to precious metals without taking physical delivery.
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