Trident Royalties PLC. Director Share Purchase (4484Z)

TIDMTRR

RNS Number : 4484Z

Trident Royalties PLC.

25 January 2022

Trident Royalties Plc

("Trident" or the "Company")

Director share purchase

The Company announces that Albert C Gourley Professional Corporation, a corporation controlled by Al Gourley, Non-Executive Director, has purchased 110,958 ordinary shares of GBP0.01 in the Company ("Ordinary Shares") on market at a price of 38.75 pence per Ordinary Share.

Following this share purchase, Al Gourley holds (directly and indirectly through Albert C Gourley professional Corporation) 7,500,000 Ordinary Shares representing 2.6% 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 / Paul Smith                   +1 (757) 208-5171 / +41 79 
                                                                 947 1348 
 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                                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 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) 
                                            38.75 pence    110,958 
                                                          ---------- 
     ----------------------------------  -------------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume     n/a single transaction 
 
 
                 *    Price 
     ----------------------------------  -------------------------------- 
 e.   Date of the transaction             24 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 battery, precious, and bulk metals.

Key highlights of Trident's strategy include:

-- Building upon a royalty and streaming portfolio which broadly mirrors the commodity exposure of the global mining sector (excluding fossil fuels) 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUSAWRUUUAUAR

(END) Dow Jones Newswires

January 25, 2022 02:00 ET (07:00 GMT)

Trident Royalties (LSE:TRR)
Historical Stock Chart
From Oct 2024 to Nov 2024