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LONDON - iShares Physical Metals Plc announced on Friday the issuance of 101,000 new securities of its iShares Physical Platinum ETC, representing Tranche Number 302 of the series. The securities were issued under the company's Secured Precious Metal Linked Securities Programme.
According to the final terms dated November 17, 2025, the issue increases the total number of securities in the series from 11,713,391 to 11,814,391. The securities were priced at $22.905302 each with a metal entitlement of 0.014297948 fine troy ounces of platinum per security.
The iShares Physical Platinum ETC is designed to provide investors with exposure to platinum without requiring physical delivery of the metal. Each security is backed by allocated platinum held in custody on behalf of the issuer.
The securities have been admitted to trading on the London Stock Exchange's regulated market. They may also be admitted to trading on the Frankfurt Stock Exchange and Borsa Italiana in the future.
The platinum-backed securities have an annual total expense ratio of 0.20%, which is applied daily to determine the amount of platinum deducted from the metal entitlement.
JPMorgan Chase Bank, N.A., London Branch serves as the metal counterparty for the securities, while Citibank N.A. London Branch acts as the paying agent.
The information was provided in a regulatory filing based on a press release statement from iShares Physical Metals Plc.
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