LONDON - Amundi Physical Metals plc has announced the issuance of 60,600 additional ETC Securities, which are part of its Amundi Physical Gold ETC. This issuance, identified as Tranche 649, brings the total number of ETC Securities in the series to 55,273,159.00.
The ETC Securities provide exposure to gold prices, allowing investors to invest in gold without the need to physically hold the metal. Each ETC Security correlates to a specific amount of gold, known as the Metal Entitlement. The Metal Entitlement decreases daily by a Total (EPA:TTEF) Expense Ratio (TER) of 0.12% per annum, which funds the issuer's operational fee.
The newly issued securities, part of the secured precious metal linked ETC Securities Programme, are set to be admitted to trading on several regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, applications have been made for trading on the International Quotation System of the Mexican Stock Exchange under private placement exemptions.
Investors should note that the value and secondary market price of each ETC Security will fluctuate with the price of gold. The securities are designed to provide a similar level of participation in the gold market as a direct investment in gold, albeit with some differences.
The issuer has confirmed that the ETC Securities may be offered by any Authorized Offeror other than pursuant to Article 1(4) of the Prospectus Regulation in various European countries where the base prospectus and supplements have been notified to the competent authority.
This issuance follows the conditions set forth in the Base Prospectus dated May 20, 2019, supplemented by the Supplement to the Base Prospectus dated March 4, 2020, and must be read in conjunction with the Current Base Prospectus dated May 3, 2024, and the Supplement to the Current Base Prospectus dated July 26, 2024.
The information provided is based on a press release statement from Amundi Physical Metals plc.
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