TIDMTRR
RNS Number : 1246Y
Trident Royalties PLC.
11 January 2022
The headline for the Trident Royalties Plc announcement released
on 11 January 2022 at 08.01 under RNS No 9633X should read Total
Voting Rights and Director Share Subscriptions.
The announcement text is unchanged and is reproduced in full
below.
11 JANUARY 2022
Trident Royalties Plc
("Trident" or the "Company")
ADMISSION OF SHARES, TOTAL VOTING RIGHTS AND DIRECTOR SHARE
SUBSCRIPTIONS
Further to its announcement of 10 January 2022 regarding the
issue of 13,118,057 Conditional Placing Shares, following
shareholder approval at the general meeting held on 10 January 2022
and the issue of 20,471,151 Consideration Shares in part
consideration for the acquisition of a portfolio of gold offtake
streams, the Company confirms that 33,589,208 ordinary shares of 1p
each ("Ordinary Shares") have today been admitted to trading on AIM
("Admission").
The Directors' participation in the Placing announced on 14
December 2021 through subscriptions, on the same terms as other
investors, was detailed in that announcement.
Further details of the Directors' share subscriptions and a
subscription by a party connected with a member of the Company's
senior management are set out in the PDMR forms below, made in
accordance with the Market Abuse Regulation (EU) No. 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018.
Total Voting Rights
For the purposes of the Financial Conduct Authority's ("FCA")
Disclosure Guidance and Transparency Rules, following Admission,
Trident will have 285,181,621 Ordinary Shares in issue with voting
rights attached. Trident does not hold any Ordinary Shares in
treasury.
The above figure of 285,181,621 may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or of a change to
their interest in Trident under the FCA's Disclosure Guidance and
Transparency Rules.
PDMR Notifications
Notification of Transactions of Persons Discharging Managerial
Responsibility and Persons Closely Associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Paul Smith
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Non-executive Chairman
------------------------------------ -----------------------------
b. Initial notification/Amendment Initial Notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Trident Royalties Plc
------------------------------------ -----------------------------
b. LEI 213800V6U8KJ7U2BV956
------------------------------------ -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a. Description of the Financial Ordinary Shares of GBP0.01
instrument, type of instrument each
Identification code ISIN: GB00BF7J2535
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of Ordinary Shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
36.0 pence 839,842
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------------ -----------------------------
e. Date of the transaction 11 January 2022
------------------------------------ -----------------------------
f. Place of the transaction Outside a trading venue
------------------------------------ -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Albert Gourley
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Non-executive Director
------------------------------------ -----------------------------
b. Initial notification/Amendment Initial Notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Trident Royalties Plc
------------------------------------ -----------------------------
b. LEI 213800V6U8KJ7U2BV956
------------------------------------ -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a. Description of the Financial Ordinary Shares of GBP0.01
instrument, type of instrument each
Identification code ISIN: GB00BF7J2535
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of Ordinary Shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
36.0 pence 1,035,000
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------------ -----------------------------
e. Date of the transaction 11 January 2022
------------------------------------ -----------------------------
f. Place of the transaction Outside a trading venue
------------------------------------ -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Helen Pein
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Non-executive Director
------------------------------------ -----------------------------
b. Initial notification/Amendment Initial Notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Trident Royalties Plc
------------------------------------ -----------------------------
b. LEI 213800V6U8KJ7U2BV956
------------------------------------ -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a. Description of the Financial Ordinary Shares of GBP0.01
instrument, type of instrument each
Identification code ISIN: GB00BF7J2535
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of Ordinary Shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
36.0 pence 69,444
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------------ -----------------------------
e. Date of the transaction 11 January 2022
------------------------------------ -----------------------------
f. Place of the transaction Outside a trading venue
------------------------------------ -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Adam Davidson
------------------------------------ -----------------------------
2. Reason for the notification
-------------------------------------------------------------------
a. Position/status Chief Executive Officer
------------------------------------ -----------------------------
b. Initial notification/Amendment Initial Notification
------------------------------------ -----------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a. Name Trident Royalties Plc
------------------------------------ -----------------------------
b. LEI 213800V6U8KJ7U2BV956
------------------------------------ -----------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------
a. Description of the Financial Ordinary Shares of GBP0.01
instrument, type of instrument each
Identification code ISIN: GB00BF7J2535
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of Ordinary Shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
36.0 pence 52,490
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
------------------------------------ -----------------------------
e. Date of the transaction 11 January 2022
------------------------------------ -----------------------------
f. Place of the transaction Outside a trading venue
------------------------------------ -----------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a. Name Elizabeth Collins
---------------------------------- ---------------------------------
2. Reason for the notification
---------------------------------------------------------------------
a. Position/status Person closely associated
to Martin Page, Chief Financial
Officer
---------------------------------- ---------------------------------
b. Initial notification/Amendment Initial Notification
---------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a. Name Trident Royalties Plc
---------------------------------- ---------------------------------
b. LEI 213800V6U8KJ7U2BV956
---------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------
a. Description of the Financial Ordinary Shares of GBP0.01
instrument, type of instrument each
Identification code ISIN: GB00BF7J2535
---------------------------------- ---------------------------------
b. Nature of the transaction Purchase of Ordinary Shares
---------------------------------- ---------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
36.0 pence 13,888
----------
---------------------------------- ---------------------------------
d. Aggregated information
* Aggregated volume n/a single transaction
* Price
---------------------------------- ---------------------------------
e. Date of the transaction 11 January 2022
---------------------------------- ---------------------------------
f. Place of the transaction Outside a trading venue
---------------------------------- ---------------------------------
** 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
/ Samuel Littler
---------------------------------------------------------
Tamesis Partners LLP (Financial www.tamesispartners.com
Adviser and Joint Broker) +44 203 882 2868
Richard Greenfield
---------------------------------------------------------
Stifel Nicolaus Europe Limited (Joint www.stifelinstitutional.com
Bookrunner) +44 20 7710 7600
Callum Stewart/Ashton Clanfield
---------------------------------------------------------
St Brides Partners Ltd (Financial www.stbridespartners.co.uk
PR & IR) +44 20 7236 1177
Susie Geliher / Catherine Leftley
/ Charlotte Hollinshead
---------------------------------------------------------
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:
-- Building a royalty and streaming portfolio to broadly mirror
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.
Forward-looking Statements
This news release contains forward -- looking information. The
statements are based on reasonable assumptions and expectations of
management and Trident provides no assurance that actual events
will meet management's expectations. In certain cases, forward --
looking information may be identified by such terms as
"anticipates", "believes", "could", "estimates", "expects", "may",
"shall", "will", or "would". Although Trident believes the
expectations expressed in such forward -- looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those projected. Mining exploration and development
is an inherently risky business. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions to pursue mineral exploration on the relevant property
and the ultimate exercise of option rights, which may include
changes in market conditions, changes in metal prices, general
economic and political conditions, environmental risks, and
community and non-governmental actions. Such
factors will also affect whether Trident will ultimately receive
the benefits anticipated pursuant to relevant agreements. This list
is not exhaustive of the factors that may affect any of the forward
-- looking statements. These and other factors should be considered
carefully and readers should not place undue reliance on
forward-looking information.
Third Party Information
As a royalty and streaming company, Trident often has limited,
if any, access to non-public scientific and technical information
in respect of the properties underlying its portfolio of royalties
and investments, or such information is subject to confidentiality
provisions. As such, in preparing this announcement, the Company
has relied upon information provided by or the public disclosures
of the owners and operators of the properties underlying its
portfolio of royalties, as available at the date of this
announcement.
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END
MSCGPUPGGUPPGMG
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