LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of a new tranche of its Amundi Physical Gold ETC securities, expanding its existing offerings linked to the price of gold. The new tranche, numbered 623, consists of 16,500 securities, bringing the total number of ETC Securities in the series to 48,975,955.00.
The ETC Securities are designed to provide investors with exposure to gold prices without the need to take physical delivery of the metal. Each security in the tranche represents a metal entitlement of 0.03969544 fine troy ounces as of the subscription trade date. The issue date for the new tranche is set for today, Wednesday, with the series initially launched on May 24, 2019.
Amundi has structured these ETC Securities under a secured precious metal linked ETC securities program. The securities are backed by physical gold, stored in allocated accounts, and are subject to a Total (EPA:TTEF) Expense Ratio of 0.12% per annum, which covers all operational fees.
Investors should note that the ETC Securities are limited recourse obligations of the issuer, meaning that investors have claims only to the secured property, which in this case is the gold backing the ETC Securities, and not to any other assets of Amundi Physical Metals plc.
The ETC Securities have been admitted to trading on several key exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, the Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange. Applications for additional listings may be made in the future.
This announcement is based on information contained in the final terms document provided by Amundi Physical Metals plc, which should be read in conjunction with the base prospectus dated May 3, 2024, and the supplement to the base prospectus dated July 26, 2024. Investors are advised to consider the full documentation when making investment decisions.
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