DUBLIN - Zipa Precious Metals PLC, an Ireland-based company, announced on Monday an extension of the swap period for its gold securities. The extension applies to the non-SMO Gold connected to Tranche 16, which was issued on October 23, 2024, with an initial count of 2,800,000 gold securities. The new expiry date for the swap period is now set for January 21, 2025.
The notice, issued to security holders, adheres to the terms outlined in the Base Prospectus for the Issue of Gold Securities dated March 8, 2024. The Prospectus includes Condition 6.6.4, which permits the extension of the swap period under certain circumstances.
This extension allows holders of these specific gold securities additional time to engage with the swap process, which is a mechanism by which securities can be exchanged under pre-defined conditions.
The company has not provided further details on the reasons for the extension or its implications for security holders. Zipa Precious Metals has made it clear that this announcement is for informational purposes only and should not be seen as an invitation or inducement to engage in investment activity, nor does it constitute advice.
Investors and security holders are advised to consult with professional advisers if they have any doubts about the actions they should take in response to this extension.
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