Trident Royalties PLC. Admission of Shares to AIM (2515W)
December 20 2021 - 11:14AM
UK Regulatory
TIDMTRR
RNS Number : 2515W
Trident Royalties PLC.
20 December 2021
20 December 2021
Trident Royalties Plc
("Trident" or the "Company")
Admission of Shares to AIM
Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused
mining royalty and streaming company, announces that following the
announcement on 14 December 2021 regarding the results of the
Placing and Primary Bid Offer in the relation to the proposed
acquisition of a portfolio of producing gold offtake streams from
Orion Resource Partners, the Company confirms that 70,881,943
ordinary shares of 1p each ("Ordinary Shares") have today been
admitted to trading on AIM.
Total Voting Rights
Following Admission of the new Ordinary Shares as described
above, the issued share capital of the Company will consist of
251,592,413 Ordinary Shares of 1p each, each carrying a right to
one vote, with no shares held in treasury. 251,592,413 represents
the total number of voting rights in the Company and may be used by
shareholders as the denominator for the calculations by which they
can determine if they are required to notify their interest in, or
a change to their interest in the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
** Ends **
Contact details:
Trident Royalties Plc www.tridentroyalties.com
Adam Davidson +1 (757) 208-5171
Grant Thornton (Nominated Adviser) www.grantthornton.co.uk
Colin Aaronson / Samantha Harrison +44 020 7383 5100
----------------------------
Tamesis Partners LLP (Financial www.tamesispartners.com
Adviser, Joint Bookrunner) +44 20 3882 2868
Richard Greenfield
----------------------------
Stifel Nicolaus Europe Limited (Joint www.stifelinstitutional.com
Bookrunner) +44 20 7710 7600
Callum Stewart / Ashton Clanfield
----------------------------
Ashanti Capital Pty Ltd (Joint Bookrunner) www.ashanticapital.com.au
Rob Hamilton +61 8 6169 266
----------------------------
St Brides Partners Ltd (Financial www.stbridespartners.co.uk
PR & IR) +44 20 7236 1177
Susie Geliher / Catherine Leftley
----------------------------
About Trident
Trident is a growth-focused diversified mining royalty and
streaming company, providing investors with exposure to a mix of
base and precious metals, bulk materials (excluding thermal coal)
and battery metals.
Key highlights of Trident's strategy include:
-- Expanding on a royalty and streaming portfolio which broadly
mirrors the commodity exposure of the global mining sector
(excluding thermal coal) with a bias towards production or
near-production assets, differentiating Trident from the majority
of peers which are exclusively, or heavily weighted, to precious
metals;
-- Acquiring royalties and streams in resource-friendly
jurisdictions worldwide, while most competitors have portfolios
focused on North and South America;
-- Targeting attractive small-to-mid size transactions which are
often ignored in a sector dominated by large players;
-- Active deal-sourcing which, in addition to writing new
royalties and streams, will focus on the acquisition of assets held
by natural sellers such as: closed-end funds, prospect generators,
junior and mid-tier miners holding royalties as non-core assets,
and counterparties seeking to monetise packages of royalties and
streams which are otherwise undervalued by the market;
-- Maintaining a low-overhead model which is capable of
supporting a larger scale business without a commensurate increase
in operating costs; and
-- Leveraging the experience of management, the board of
directors, and Trident's adviser team, all of whom have deep
industry connections and strong transactional experience across
multiple commodities and jurisdictions.
The acquisition and aggregation of individual royalties and
streams is expected to deliver strong returns for shareholders as
assets are acquired on terms reflective of single asset risk
compared with the lower risk profile of a diversified, larger scale
portfolio. Further value is expected to be delivered by the
introduction of conservative levels of leverage through debt. Once
scale has been achieved, strong cash generation is expected to
support an attractive dividend policy, providing investors with a
desirable mix of inflation protection, growth and income.
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END
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