LONDON - Amundi Physical Metals plc (GLDA) has announced the issuance of 100,000 ETC Securities, which marks Tranche 662 of the Amundi Physical Gold ETC. The new issuance follows the company's Secured Precious Metal Linked ETC Securities Programme. This addition brings the total number of ETC Securities in the series to 55,733,759.
The ETC Securities are designed to provide investors with exposure to gold prices without the need for physical delivery. Each ETC Security is linked to a specific amount of gold, known as the Metal Entitlement, which is initially set at 0.04 fine troy ounces. The Metal Entitlement decreases over time to fund the issuer's operational fees.
The issuance of the new tranche is scheduled for February 19, 2025, with a planned maturity date of May 23, 2118. The ETC Securities have been admitted to trading on various regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the London Stock Exchange (LON:LSEG), and the International Quotation System of the Mexican Stock Exchange.
Investors interested in the ETC Securities can gain exposure to gold price movements through the securities market. The total net proceeds from the issue are estimated at USD 7,297,771.12, with an estimated total expense ratio (TER) of 0.12% per annum.
Amundi Physical Metals plc has outlined the reasons for the offer in the "Investing in the ETC Securities to gain exposure to gold price" section of the Current Base Prospectus. The issuer has made it clear that the offer may be made by any Authorized Offeror(s) in various member states, including Austria, France, Germany, Italy, Luxembourg, the Netherlands, Spain, Sweden, and others where the prospectus has been notified and published in accordance with the Prospectus Regulation.
This information is based on a press release statement, and the issuer emphasizes that investing in ETC Securities does not make one the owner of the metal held by the custodian. The operational information, including ISIN, Common Code, CFI, and FISN codes, is specified in the announcement, providing transparency for potential investors.
The issuer, Amundi Physical Metals plc, is a public company limited by shares incorporated in Ireland, with a focus on establishing a program for the issuance of ETC Securities linked to precious metals like gold. The company's statutory auditors are KPMG Ireland, and the key managing directors are Rolando Ebuna, Máiréad Lyons, and Mehdi Balafrej.
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