Amundi Physical Metals plc (GLDA) has published Final Terms dated 11 November 2026 for the issue of 48,000 ETC Securities under its Secured Precious Metal Linked ETC Securities Programme, constituting Tranche 929 of the Amundi Physical Gold ETC series. The securities are due to be admitted to trading on the main market of the London Stock Exchange on 13 November 2026, with an estimated total net proceeds figure of €7,630,204.80 disclosed in the filing. The issuance brings the aggregate number of ETC Securities in the series to 74,942,859 immediately following this tranche, underlining the ongoing scale of the programme for investors seeking physical gold exposure.

Key Points

  • Amundi Physical Metals plc (GLDA), issuer of exchange-traded commodity securities backed by physical precious metals
  • 48,000 ETC Securities issued as Tranche 929 of the Amundi Physical Gold ETC series, with an issue date of 13 November 2026
  • Aggregate series securities reach 74,942,859 following issuance; Total Expense Ratio stands at 0.12% per annum; metal entitlement per security is 0.03960205 fine troy ounces
  • Investors may watch for further tranche issuances and any changes to the programme's multi-exchange listing status across Europe and Mexico

Tranche 929 Adds 48,000 Securities to Amundi Physical Gold ETC Series Totalling 74.9 Million

The Final Terms confirm that Tranche 929 comprises 48,000 ETC Securities, bringing the total series aggregate to 74,942,859 securities. The series was first issued on 24 May 2019 and carries a scheduled maturity date of 23 May 2118, reflecting the ultra-long-dated structure typical of physical gold ETC programmes. Each security in this tranche carries a metal entitlement of 0.03960205 fine troy ounces of gold, compared with the initial entitlement of 0.04 fine troy ounces at the series issue date, with the reduction consistent with the application of an ongoing annual expense charge over the life of the programme.

London Stock Exchange Admission Sought Alongside Existing Multi-Exchange Listings Including Euronext and Deutsche Börse

The announcement states that an application has been made to admit the Tranche 929 securities to trading on the main market of the London Stock Exchange. As at the date of the Final Terms, the series is already admitted to trading on Euronext Paris, Euronext Amsterdam, Deutsche Börse Xetra, Borsa Italiana, the London Stock Exchange, and the International Quotation System of the Mexican Stock Exchange, giving the product broad geographic reach for European and international investors. The ISIN for the series is FR0013416716, with separate SEDOL codes assigned for each exchange listing.

Total Expense Ratio of 0.12% Per Annum and Six Authorised Offerors Named in the Filing

The Final Terms disclose a Total Expense Ratio of 0.12% per annum as at the date of filing, positioning the product competitively within the physical gold ETC market. Six authorised offerors are named: HSBC Bank plc, Jane Street Financial Limited, Flow Traders B.V., Optiver VOF, BNP Paribas Arbitrage SNC, and Virtu Financial Ireland Limited. Admission to trading expenses for this tranche are stated at €3,000. The nominal amount per security is disclosed as USD 5.085, representing 10% of the issue price per security as at the series issue date.