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Source Physical Mkts (SGLD)

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Thursday 01 December, 2011

Source Physical Mkts

Final Terms

RNS Number : 1556T
Source Physical Markets Plc
01 December 2011
 



Final Terms dated 01 December 2011

Gold - Series 1

SOURCE PHYSICAL MARKETS PLC

Issue of 38,252 Secured Gold-Linked Certificates due 2100

under the

Secured Precious Metals-Linked Certificates Programme

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis that, except as provided in sub-paragraph (ii) below, any offer of Certificates in any Member State of the European Economic Area which has implemented the Prospectus Directive (2003/71/EC) (each, a "Relevant Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Certificates.  Accordingly any person making or intending to make an offer of the Certificates may only do so in:

(a)         in circumstances in which no obligation arises for the Issuer or any Authorised Participant to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer; or

(b)         in those Public Offer Jurisdictions mentioned in Part A below, provided such person is one of the persons mentioned in Part A below and that such offer is made during the Offer Period specified for such purpose therein.

Neither the Issuer nor any Authorised Participant has authorised, nor do they authorise, the making of any offer of Certificates in any other circumstances.

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the Base Prospectus dated 11 April 2011 for the purposes of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive").  This document constitutes the Final Terms of the Certificates described herein for the purposes of Article 5.4 of the Prospectus Directive.  These Final Terms contain the final terms of the Tranche of Certificates described herein and must be read in conjunction with such Base Prospectus.

Full information on the Issuer and the offer of the Tranche of Certificates described herein is only available on the basis of the combination of these Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on both www.centralbank.ie and http://www.source.info and during normal business hours at 5 Harbourmaster Place, IFSC, Dublin 1, Ireland.

1.        

Issuer:

Source Physical Markets plc

2.        

Issue Date:

05 December 2011

3.        

Final Maturity Date:

31 December, 2100

4.        

Underlying Precious Metal:

Gold

5.        

Initial Per Certificate Entitlement to Underlying Precious Metal as at the Issue Date:

0.1 fine troy ounces Gold (being the Per Certificate Entitlement to Gold of the Certificates already in issue, as at the Issue Date)

6.        

Reduction Percentage:

0.29 per cent. per annum

7.        

Rounding Amount:

The nearest 1000 of a fine troy ounce.

8.        

Issue Price:

$173.3693

9.        

Settlement (Condition 7):

Cash Settlement or Physical Settlement

10.      

(a)         Names and addresses of Authorised Participants:

Goldman Sachs International
Peterborough Court
133 Fleet Street
London EC4A 2BB
England

Morgan Stanley & Co. International plc
25 Cabot Square
Canary Wharf
London E14 4QA
England


(b)         Date of Subscription Agreement:

11th April, 2011

11.      

Total commission and concession:

Not Applicable

12.      

Non-exempt Offer:

Not Applicable

13.      

Additional selling restrictions:

Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the regulated market of the Irish Stock Exchange and the regulated market of the London Stock Exchange of the Certificates described herein pursuant to the Secured Precious Metals-Linked Certificates Programme of Source Physical Markets plc.

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of Source Physical Markets plc:

By:          ............................................

                Duly authorised

PART B - OTHER INFORMATION

1.        

LISTING



(a)         Listing

Ireland and London


(b)         Admission to trading

Application is expected to be made by the Issuer (or on its behalf) for the Certificates to be admitted to trading on the regulated market of the Irish Stock Exchange and the Regulated Market of the London Stock Exchange.



This Tranche of Certificates is fungible with the Certificates of the same Series already in issue which have been admitted to trading on the regulated market of the Irish Stock Exchange and the Regulated Market of the London Stock Exchange.

2.        

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER


"Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of the Certificates has an interest material to the offer."

3.        

REASONS FOR THE OFFER


(i)            Reasons for the offer:

See "Use of Proceeds" in the Base Prospectus.


(ii)           Estimated total expenses:

Irish Stock Exchange listing: €500

4.        

OPERATIONAL INFORMATION



ISIN Code:

IE00B579F325


Delivery:

Delivery against payment

 

 

This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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