LONDON - Amundi Physical Metals plc has announced the issuance of a new tranche of ETC securities under its Amundi Physical Gold ETC, with 50,000 securities issued on December 10, 2024. This tranche, numbered 628, brings the total number of ETC securities in the series to 49,186,155.
The ETC securities, linked to the price of gold, are designed to offer investors exposure to the metal without the need for physical delivery. Each security represents a specific amount of gold, known as the Metal Entitlement, which decreases daily by a Total (EPA:TTEF) Expense Ratio of 0.12% per annum to fund operational fees.
The securities, which are part of a secured precious metal linked ETC securities programme, have been admitted to trading on multiple regulated markets, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, the Deutsche Börse, the Borsa Italiana, and the London Stock Exchange (LON:LSEG). Additionally, they have been admitted to the International Quotation System of the Mexican Stock Exchange.
Investors should note that the value and price of these ETC securities can fluctuate with the price of gold. The securities are secured, limited recourse obligations of the issuer, meaning investors have recourse only to the secured property, and not to any other assets of Amundi Physical Metals plc. The scheduled maturity date for the securities is May 23, 2118.
The ETC securities are part of an offering that provides an alternative to direct investment in gold, allowing participation in the gold market through the securities market. The net proceeds from the issue of the ETC securities will be held in allocated accounts to meet the issuer's obligations under the series.
This issuance is based on a press release statement and is intended to provide factual information regarding the new tranche of ETC securities issued by Amundi Physical Metals plc.
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