Statement on Dubai Gold Securities
Dubai, 2 February, 2010
Securities Holders will be aware that on 22 December 2009, the DFM announced its planned acquisition of the NASDAQ Dubai. The Press Release announced the consolidation of key market operations functions of the DFM and NASDAQ Dubai.
The current process for creation and redemption of the Dubai Gold Securities is on a T+3 delivery versus payment basis. As a result of this acquisition and the planned consolidation of trading, clearing, settlement and custody processes between NASDAQ Dubai and the DFM, the Directors of DGS LLP are considering whether any necessary steps are required to address any proposed changes in the current operational structure of the NASDAQ Dubai. To address this issue, the Directors of DGS LLP have appointed a sub-committee which will be reviewing any changes proposed and liaising with service providers and advisers to DGS LLP in relation to any steps which need to be taken.
A further announcement on any actions required by the DGS LLP Board and DGS LLP shall be made in due course.
Dubai Gold Securities | Brokers | Market Makers | NASDAQ Dubai | HSBC Bank USA, N.A.
Dubai Gold Securities
If you have any general questions about the Exempt Offer of Dubai Gold Securities, please contact DGS LLP at:
Registered office
Jumeirah Lakes Towers
Almas Tower, 50th Floor
P.O. Box 48800
Dubai, United Arab Emirates
Phone: +971 (0) 4 375 2221
e-mail: info@dubaigoldinvestments.com
Brokers
The display of this list of brokers should not be construed as a recommendation to approach or employ the services of any broker identified in the list.
A list of current brokers who transact in Dubai Gold securities can be found here
Market Makers
A list of current Market Makers will be maintained on this website. The Market Makers are those approved brokers who are able to create and redeem DGS by transacting in physical gold with the custodian.
On the NASDAQ Dubai priced in US$ |
|
|---|---|
| HSBC Bank PLC | |
Registrar
NASDAQ Dubai will act as the Registrar for Gold Bullion Securities.
For any questions relating to:
• verification of your securities holding; or
• to change any of your personal or contact details
please contact:
NASDAQ Dubai
Level 7, The Exchange Building
Gate District
Dubai International Financial Centre
P.O.Box: 53536
Dubai, United Arab Emirates
Phone: +971 4 361 2222
Custodian
HSBC will operate as the Custodian and is an authorised depository under the rules of the London Bullion Market Association (LBMA). The Custodian’s responsiblities include:
• insurance and storage (legal custody) of the gold bullion in London;
• validating the fineness and weight of the gold bullion; and
• ensuring that the gold bullion meets the criteria for delivery as defined by the LBMA. For a detailed description of these criteria, please see the prospectus, or visit www.lbma.org.uk.
For queries relating to delivery of gold bullion, please contact the Custodian.
HSBC Bank USA, N.A.
8 Canada Square
London E14 5HQ
United Kingdom
Ph: +44 20 7991 9266
