Trident Royalties PLC. Director Share Purchase (1168Y)

TIDMTRR

RNS Number : 1168Y

Trident Royalties PLC.

12 January 2022

Trident Royalties Plc

("Trident" or the "Company")

Director share purchase

The Company announces that Adam Davidson, Chief Executive Officer, has purchased 40,000 ordinary shares of GBP0.01 in the Company ("Ordinary Shares") on market at a price of 36.0 pence per Ordinary Share.

Following this share purchase, Adam Davidson holds 222,490 Ordinary Shares representing 0.08% per cent of the Company's voting rights.

Further details are set out in the PDMR form 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.

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 
                                      ----------------------------------- 
 St Brides Partners Ltd (Financial             www.stbridespartners.co.uk 
  PR & IR)                                               +44 20 7236 1177 
  Susie Geliher / Catherine Leftley 
                                      -----------------------------------

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                                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 each 
       instrument, type of instrument      ISIN: GB00BF7J2535 
       Identification code 
     ----------------------------------  -------------------------------- 
 b.   Nature of the transaction           Purchase of Ordinary Shares 
     ----------------------------------  -------------------------------- 
 c.   Price(s) and volume(s)               Price(s)      Volume(s) 
                                            36.0 pence    40,000 
                                                         ---------- 
     ----------------------------------  -------------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume     n/a single transaction 
 
 
                 *    Price 
     ----------------------------------  -------------------------------- 
 e.   Date of the transaction             11 January 2022 
     ----------------------------------  -------------------------------- 
 f.   Place of the transaction            London Stock Exchange's AIM 
                                           Market (XLON) 
     ----------------------------------  --------------------------------

** Ends **

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 the Americas;

-- 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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