LONDON – Amundi Physical Metals plc (GLDA) has announced the issuance of 120,000 new ETC Securities, identified as Tranche 635 of the Amundi Physical Gold ETC, under its Secured Precious Metal Linked ETC Securities Programme. This issuance, dated December 20, 2024, contributes to the growing aggregate number of ETC Securities, now totaling 51,402,155.
The ETC Securities, each initially representing 0.04 fine troy ounces of gold, are designed to provide investors with exposure to gold prices. The securities are backed by physical gold held by HSBC Bank plc, acting as the custodian, and are subject to a Total (EPA:) Expense Ratio of 0.12% per annum. The ETC Securities allow for transactions without the need for investors to handle the physical metal.
Listings and admissions to trading have been applied for on Euronext (EPA:) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:), as well as on the International Quotation System of the Mexican Stock Exchange, adhering to private placement exemptions under the Ley del Mercado de Valores (Securities Market Law).
Investors should note that the ETC Securities, while offering exposure to gold, do not make the investor an owner of the underlying metal. The securities carry risks associated with the volatility of gold prices and market perceptions. Additionally, the Total Expense Ratio and any associated subscription or buy-back fees may affect investment attractiveness.
The announcement is based on a press release statement, providing investors with an alternative to direct gold investments through the securities market. The scheduled maturity date for the ETC Securities is set for May 23, 2118, offering a long-term investment horizon.
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