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LONDON - iShares Physical Metals Plc announced the issuance of 489,000 Securities of iShares Physical Gold ETC, representing Tranche Number 2439 of the series. The securities were issued on February 13, 2026, under the company’s Secured Precious Metal Linked Securities Programme.
The issue brings the total number of securities in the series to 416,088,377, up from 415,599,377 prior to this tranche. Each security has a metal entitlement of 0.019408152 fine troy ounces of gold as of the subscription trade date.
The securities were priced at $98.551650 per unit and are traded on the London Stock Exchange, Frankfurt Stock Exchange, and Borsa Italiana. They carry the international securities identifier number (ISIN) IE00B4ND3602.
The iShares Physical Gold ETC securities are undated with no final maturity date and maintain a total expense ratio of 0.12% per annum. This expense ratio is applied to the metal entitlement daily, resulting in a gradual reduction of the gold amount backing each security over time.
According to the company’s filing, the securities constitute secured, limited recourse obligations of the issuer. Each security is backed by physical gold held in allocated form by or on behalf of the issuer through a custodian.
The announcement was made in a press release statement filed with the London Stock Exchange.
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