DUBLIN – Zipa Precious Metals Public Limited Company, an Ireland-based entity, announced on Friday an extension of the swap period related to its gold securities. The extension adds 60 days to the swap period for the tranche of gold securities issued on October 17, 2024. This adjustment pushes the new expiry date to March 17, 2025.
The tranche in question consists of 2,800,000 gold securities. This extension is in line with Condition 6.6.4 regarding Non-SMO Gold as outlined in the Base Prospectus for the Issue of Gold Securities dated March 8, 2024. The notice did not detail the reasons for the extension but confirmed adherence to the terms specified in the Prospectus.
Securityholders of the company’s gold securities are the primary audience for this notice. The company has made it clear that this announcement serves solely for informational purposes and should not be construed as an offer or invitation to buy or sell any securities. Additionally, the announcement does not constitute investment advice, and the company recommends consulting a professional adviser for those uncertain about the implications of this extension.
The gold securities market is a niche financial product where investors can gain exposure to gold prices without physically holding the metal. Companies like Zipa Precious Metals offer these securities, allowing investors to trade gold on financial markets.
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