REG - GPF Metals PLC - Company Announcement

Deutsche Boerse AGAnnouncement

22/04/2022 09:30

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RNS Number : 0341J  GPF Metals PLC  22 April 2022

 COMPANY ANNOUNCEMENT

   22 April 2022

 GPF Metals plc (the "Issuer")

 Re: Resignation of Metals Counterparty and Arranger Novation

 GPF Physical Gold ETC Securities (ISIN: XS2265368097)

 GPF Physical Silver ETC Securities (ISIN: XS2265369574)

 GPF Physical Platinum ETC Securities (ISIN: XS2265369731)

 GPF Physical Palladium ETC Securities  (ISIN: XS2265370234)

 GPF Physical Nickel ETC Securities (ISIN: XS2314660700)

 GPF Physical Copper ETC Securities (ISIN: XS2314659447)

 (the "ETC Securities")

We refer to the company announcements in respect of the ETC Securities dated
14 April 2022.

The Issuer hereby notifies you that Apex Fund Services (Ireland) Limited
(acting in its capacity as Administrator) has determined that the resignation
of Global Palladium Fund, L.P. from its role as metals counterparty under the
GPF Physical Metal ETC Securities Programme (the "Programme") with effect from
6pm Swiss time on 22 April 2022 constitutes a disruption event for the
purposes of Condition 8(a)(ii) (Service Provider Disruption) of the ETC
Securities (the "Disruption Event").

The Issuer also hereby notifies you that the Issuer has determined that the
Disruption Event and the assumption by NTree International Limited of all the
rights and obligations to act as arranger under the Programme effective as of
22 April 2022 constitute significant new factors which are capable of
affecting the assessment of the ETC Securities, and accordingly the Issuer is
obliged to prepare a supplement to the base prospectus of the Programme.

Accordingly, the Issuer hereby gives notice that any requests for the
subscription and/or buy-back of the ETC Securities will be suspended from the
time of the Disruption Event until a new metals counterparty is appointed.
Further, it will be requested that secondary market trading of the ETC
Securities on the London Stock Exchange, Borsa Italiana, Deutsche Börse, and
SIX Swiss Exchange Ltd. be suspended until the publication of the supplement
to the base prospectus of the Programme.

Given by the Issuer.

 

 Enquiries:

 GPF Metals plc        Phone: +353 (0)1 411 2949
                       Email: gpfmetals@apexfs.com

 

 

 

 

 

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