LONDON - DB ETC plc has announced a change in the Metal Fixing Time for two of its gold exchange-traded commodities (ETCs), which will affect the way they are valued on two specific days in December. The adjustment comes due to the absence of an afternoon metal auction on those dates, which traditionally sets the p.m. fixing value for gold.
The Series 1 Xtrackers Physical Gold ETC (ISIN: GB00B5840F36) and the Series 13 Xtrackers Physical Gold GBP Hedged ETC (ISIN: GB00B68FL050) are the securities impacted by this change. Both are part of the company's Secured ETC Precious Metal Linked Securities Programme and are linked to the price of gold.
On the Scheduled Valuation Days of December 22, 2023, and December 29, 2023, the Metal Fixing Time will be adjusted to 10:30 a.m. London time, deviating from the usual 3 p.m. This modification is due to the lack of a p.m. fixing value on these dates, which necessitates the use of the morning metal auction fixing instead. Consequently, the Metal Reference Price Source will be Bloomberg Page BBG under the heading [GOLDLNAM], reflecting the morning valuation.
Securityholders have been informed that notices are validly delivered through the Clearing System(s), which communicates them to the Securityholders. DB ETC plc has advised those who are not the ultimate beneficial holders of the Securities or who have recently disposed of them to forward this notice to the appropriate party.
For further queries, Securityholders can contact the issuer via the provided email address, Xtrackers@dws.com. However, it is important to note that neither the contents of the company’s website nor any other website accessible from hyperlinks on the company’s website form part of this announcement. This adjustment in valuation time is a technical change and does not reflect any alteration in the underlying value of the gold or the performance of the ETCs themselves.
This information is based on a press release statement issued by DB ETC plc on December 2, 2024.
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