London -Amundi Physical Metals PLC has announced a new Trancier of a listed product (ETC) securities (ETC) securities based on the existing safety precious metal link ETC securities program. The company announced on Monday the final requirements for the issuance of 28,400etC securities specified as Tranche 652.
The issuance scheduled on Monday, January 27, 2025 will contribute to the total number of ETC securities in the series, and will be 56,752,859.00 in total after issuance. Each ETC security has the right to first receive the 0.04 Fine Troyon gold, and its rights are adjusted over time.
ETC Securities is linked to the price of gold and provides investors a gold exposure without the need for the actual delivery. These are protected by HSBC Bank PLC, a storage organization, by gold held in a specially specified assignment account in each series.
Amundi Physical Metals PLC sets the total cost of securities management to 0.12% per year. The securities are designed so that investors can access through various platforms, and the listing application and transaction permit application are submitted below. Euronext (EPA 🙂 Paris, Euroneext Amsterdam, German Exchange, Borsa Italiana, London Stock Exchange (LON :), and the international market system of the Mexican Stock Exchange.
Investors should be aware that securities will be affected by gold price fluctuations and market conditions. In addition, securities have a duty to be secured, investors have the right to claim only for collateral property, and do not have rights to the issuer's assets. The expected date of this securities is May 23, 2118.
It is estimated that the total net income for this issue is 3,093,132.04 US dollars, and ETC Securities is expected to be an alternative to investors a gold price fluctuation.
According to the press release statement, the financial movement by Amundi Physical Metals PLC is one of the company's continuous initiatives to provide various investment opportunities related to precious metals.
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