https://teresatranassociates.freshdesk.com/a/tickets/84466
10:1 Share Split Confirmation
Metal Securities issued in ETFS Physical Gold (ASX Code: GOLD)
Metal Securities issued in ETFS Physical Gold (ASX Code: GOLD)
ETFS Metal Securities Australia Limited recently conducted a 10:1 share split with respect to Metal Securities issued in ETFS Physical Gold.
https://teresatranassociates.freshdesk.com/a/tickets/83258
We are writing you today to inform you that ETFS Physical Gold (ASX code: GOLD) is undergoing a 10:1 share split, effective 8 June 2022.
Since its launch in 2002, the rising gold price has meant ETFS Physical Gold now has one of the highest per share prices of any Australian exchange traded product (ETPs).
We understand that GOLD is increasingly used by investors for portfolio construction. We believe a lower share price will allow investors to manage their portfolios more precisely.
After the split, GOLD’s price will be cut from roughly $240 (where it stood on 31 May) to roughly $24. Investors who owned GOLD before the split will own ten times as many shares. At the same time, the metal entitlement (or value) of every GOLD share will be divided by ten. As such there will be no change in the value of GOLD holders’ investment as a result of the split.