REG - Trident Royalties - Director Share Purchase

Trident RoyaltiesAnnouncement

25/03/2024 07:00

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RNS Number : 0608I  Trident Royalties PLC  25 March 2024

25 March 2024

 

Trident Royalties Plc

 

("Trident" or the "Company")

 

Director Share Purchase

The Company announces that Adam Davidson, Chief Executive Officer and
Executive Director, has purchased 51,500 ordinary shares of £0.01 in the
Company ("Ordinary Shares") on market at an average price of 34.24 pence per
Ordinary Share.

Following this share purchase, Adam Davidson holds 551,150 Ordinary Shares
representing 0.2% 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 / Richard Hughes                    +1 (757) 208-5171 / +44 7967 589997
 Grant Thornton (Nominated Adviser)                www.grantthornton.co.uk

                                                 (file:///C%3A/Users/afdav/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/GCSQ6WT9/www.grantthornton.com)
 Colin Aaronson / Samantha Harrison / Enzo Aliaj

                                                   +44 020 7383 5100
 Stifel Nicolaus Europe Limited (Joint Broker)     www.stifelinstitutional.com (http://www.stifelinstitutional.com)

 Callum Stewart / Ashton Clanfield                 +44 20 7710 7600
 Tamesis Partners LLP (Joint Broker)               www.tamesispartners.com (http://www.tamesispartners.com)

 Richard Greenfield                                +44 20 3882 2868
 Liberum Capital Limited (Joint Broker)            www.liberum.com (http://www.liberum.com)

 Scott Mathieson                                   +44 20 3100 2184
 St Brides Partners Ltd (Financial PR & IR)        www.stbridespartners.co.uk (http://www.stbridespartners.co.uk/)

 Susie Geliher                                     +44 20 7236 1177

 

 

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 & 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 instrument, type of instrument Identification  Ordinary Shares of £0.01 each
                             code

                                                                                                         ISIN: GB00BF7J2535
 b.                          Nature of the transaction                                                   Purchase of Ordinary Shares
 c.                          Price(s) and volume(s)                                                      Price(s)  Volume(s)
                                                                                                         34.0p     39,000
                                                                                                         35.0p     12,500

 
 d.                          Aggregated information

                             ·Aggregated volume                                                          51,500

                             ·Price                                                                      34.24 pence
 e.                          Date of the transaction                                                     22 March 2024
 f.                          Place of the transaction                                                    London Stock Exchange's AIM Market (XLON)

 

d.

Aggregated information

·Aggregated volume

·Price

 

51,500

34.24 pence

e.

Date of the transaction

22 March 2024

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.

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