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LONDON - iShares Physical Metals Plc announced it will issue 520,000 Securities of iShares Physical Gold ETC, representing Tranche Number 2367 of the series. According to the final terms dated November 5, 2025, this issuance will increase the total number of securities in the series from 393,242,741 to 393,762,741.
The securities will be issued at a price of $78.148369 with a metal entitlement of 0.019414538 fine troy ounces of gold per security. The gold-backed securities are traded on the London Stock Exchange and Frankfurt Stock Exchange.
The iShares Physical Gold ETC securities are designed to provide investors with exposure to gold without requiring physical delivery of the metal. Each security is backed by allocated physical gold held in custody, with the metal entitlement per security reduced daily at a rate equal to the total expense ratio of 0.12% per annum.
The securities are undated with no final maturity date and rank equally among themselves as secured, limited recourse obligations of the issuer. They can be redeemed early under certain conditions, including if the issuer exercises its call option with 10 days’ notice.
Authorised participants for this series include Susquehanna Ireland Limited, Credit Suisse Securities, Morgan Stanley & Co International, Virtu Financial Ireland, Jane Street Financial, Merrill Lynch International, Flow Traders, Optiver, Citigroup Global Markets, and HSBC Bank.
The announcement was made in a regulatory filing based on a press release statement from the company.
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