26th Oct 2010 11:07
FINAL TERMS
Final Terms dated 26 October 2010
SOURCE PHYSICAL MARKETS PLC
Issue of 14,000 Secured Gold-Linked Certificates due 2100
under the
Secured Gold-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 a base prospectus (the "Base Prospectus") dated 23 June 2010 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 Certificates and must be read in conjunction with such Base Prospectus.
Full information on the Issuer and the offer of the 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.
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1. |
Issuer: |
Source Physical Markets plc |
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2. |
Issue Date: |
26 October 2010 |
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3. |
Per Certificate Entitlement to Gold 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) |
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4. |
Issue Price: |
133.83 |
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5. |
(a) Names and addresses of Authorised Participants: |
Goldman Sachs International Peterborough Court 133 Fleet Street London EC4A 2BB England Merrill Lynch International Merrill Lynch Financial Centre 2 King Edward Street London EC1A 1HQ Morgan Stanley & Co. International plc 25 Cabot Square Canary Wharf London E14 4QA England |
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(b) Date of Authorised Participant Agreement(s): |
26 June 2009 |
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6. |
Total commission and concession: |
N/A |
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7. |
Non-exempt Offer: |
Not Applicable. |
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8. |
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 Gold-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
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1. |
LISTING |
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(a) Listing |
Ireland and London |
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(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. |
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2. |
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER |
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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. |
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3. |
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES |
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Reasons for the offer: |
See "Use of Proceeds" in the Base Prospectus. |
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Estimated net proceeds: |
USD 1,873,620 |
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4. |
OPERATIONAL INFORMATION |
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ISIN Code: |
IE00B579F325 |
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange.
Related Shares:
Inv Phys Gold