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LONDON - iShares Physical Metals Plc announced on Wednesday the issuance of 100,000 additional securities of its iShares Physical Platinum ETC, representing Tranche Number 301 of the series.
The new securities will be issued on November 13, 2025, under the company’s Secured Precious Metal Linked Securities Programme. Following this issuance, the total number of securities in the series will increase from 11,613,391 to 11,713,391.
Each security has an issue price of $22.76 with a metal entitlement of 0.014298105 fine troy ounces of platinum per security. The securities are undated with no final maturity date.
The platinum ETCs trade on the London Stock Exchange and may be admitted to trading on the Frankfurt Stock Exchange and Borsa Italiana in the future. The securities maintain a total expense ratio of 0.20% per annum.
iShares Physical Platinum ETCs are backed by allocated physical platinum held by custodian JPMorgan Chase Bank, N.A., London Branch. The securities allow investors exposure to platinum without taking physical delivery of the metal.
The securities are secured, limited recourse obligations of the issuer, with each security having the same metal entitlement. The information was disclosed in a regulatory filing based on a press release statement from the company.
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