REG - Trident Royalties - Director Share Purchases
22/03/2024 07:00
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RNS Number : 8517H Trident Royalties PLC 22 March 2024
22 March 2024
Trident Royalties Plc
("Trident" or the "Company")
Director Share Purchases
The Company announces the following share purchase transactions by directors.
Albert C Gourley Professional Corporation, a corporation controlled by Al
Gourley, Non-Executive Chairman, has purchased 115,875 ordinary shares of
£0.01 in the Company ("Ordinary Shares") on market at a price of 34.0 pence
per Ordinary Share. Al Gourley has also transferred 34,125 Ordinary Shares
held directly to Albert C Gourley Professional Corporation. Following this
share purchase and transfer, Al Gourley holds (through Albert C Gourley
Professional Corporation) 8,000,000 Ordinary Shares representing 2.73% per
cent of the Company's voting rights.
Richard Hughes, Chief Financial Officer and executive director, has purchased
50,000 Ordinary Shares on market at a price of 34.2 pence per Ordinary Share.
Following this share purchase, Richard Hughes and persons closely associated
with him, hold 1,000,000 Ordinary Shares representing 0.34% per cent of the
Company's voting rights.
Further details 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.
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 Albert Gourley
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 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 115,875
d. Aggregated information
·Aggregated volume 115,875
·Price 34.0 pence
e. Date of the transaction 21 March 2024
f. Place of the transaction London Stock Exchange's AIM Market (XLON)
d.
Aggregated information
·Aggregated volume
·Price
115,875
34.0 pence
e.
Date of the transaction
21 March 2024
f.
Place of the transaction
London Stock Exchange's AIM Market (XLON)
1. Details of the person discharging managerial responsibilities / person closely
associated
a. Name Richard Hughes
2. Reason for the notification
a. Position/status CFO and 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)
34.2p 50,000
d. Aggregated information
·Aggregated volume 50,000
·Price 34.2 pence
e. Date of the transaction 21 March 2024
f. Place of the transaction London Stock Exchange's AIM Market (XLON)
d.
Aggregated information
·Aggregated volume
·Price
50,000
34.2 pence
e.
Date of the transaction
21 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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