LONDON - DB ETC plc, the issuer of Xtrackers Physical Gold ETCs, has announced changes to the valuation timing for its gold securities due to the absence of an afternoon metal auction on the 22nd and 29th of December 2023. Normally, gold prices for these securities are set at 3 pm London time, but on these specific dates, the Metal Fixing Time will shift to 10:30 am.
This adjustment is in line with the terms outlined in the base prospectus dated April 14, 2024, for the Secured ETC Precious Metal Linked Securities Programme. The change affects Series 1 Xtrackers Physical Gold ETC (ISIN: GB00B5840F36) and Series 13 Xtrackers Physical Gold GBP Hedged ETC (ISIN: GB00B68FL050), collectively referred to as the Securities.
The Metal Reference Price Source for these securities will also be updated to reflect the new fixing time, now referencing the Bloomberg Page BBG under the heading [GOLDLNAM].
Securityholders were informed that notices are validly delivered to the Clearing Systems for communication to the Securityholders. DB ETC plc has directed queries regarding this notice to the dedicated email address Xtrackers@dws.com.
This change is a logistical one, ensuring the valuation of the gold-backed securities remains consistent with market practices, especially on days when the usual afternoon fixing does not occur. The issuer has made it clear that the contents of the company's website or any other website are not part of this announcement. The information is based on a press release statement from DB ETC plc.
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