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GBS Sec Und Zero Cpn Nts

16:35 on 24/11/2017

Current Price $121.92 | Bid $121.80 | Ask $121.83 | Change -0.27%

Company Overview

The company's principal activity is the listing and issue of Gold Bullion Securities ('GBS'), allowing investors to own and trade physical gold bullion through a listed debt security traded on the London Stock Exchange. A Gold Bullion Security is a secured, undated zero coupon note with a face value of US$0.00001 issued by the company, which on redemption entitles the Security Holder to payment in gold or cash equal to the Per Security Entitlement to Gold. The underlying gold is held by the company and is subject to a fixed charge in favour of the Trustee (The Law Debenture Trust Corporation p.l.c.) under the Security Deed to secure the obligations owed by the company to the Trustee and the Security Holders in respect of the gold. The gold, to which the holder is entitled, is held by the Custodian Bank (HSBC Bank USA, a National Association) in vaults in London.

Stock Details

EPIC GBS
ISIN GB00B00FHZ82
Shares in Issue 42,478,700
Market cap $ 53.61m
Sector Nonequity Investment Instruments
Indices

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Price Summary

Mid Price ? $121.82
Bid Price ? $121.80
Ask Price ? $121.83
Volume ? 9066
Change Today $-0.33
% Change Today -0.27%
Open $122.15
Previous Close $121.82
Intraday High $122.15
Intraday Low $121.64
52 Week High $131.36
52 Week Low $100.16

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