Trident Royalties - Appointment of Non-Executive Director

Trident Royalties

14/08/2023 07:00

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RNS Number : 1243J  Trident Royalties PLC  14 August 2023

 14 August 2023

 

Trident Royalties Plc

("Trident" or the "Company")

 

Appointment of Non-Executive Director

 

Trident Royalties Plc (AIM: TRR, OTCQX: TDTRF), the diversified mining
royalty company, is pleased to announce the appointment of Leslie
Stephenson as Non-Executive Director with immediate effect.

 

Leslie Stephenson has over 30 years' experience in the banking and insurance
sectors and  most recently held senior roles at HSBC, specifically around
strategic planning and risk management. Leslie left HSBC in 2022.

 

Leslie holds an MBA from Richard Ivey School of Business and a BA from Western
University.

 

Leslie Stephenson, commented:

 

"I am delighted to join the board of Trident. The Company has grown rapidly
since its IPO in 2020, building out its portfolio and creating value for
shareholders. I look forward to assisting the Board and management as it
continues its upward trajectory."

 

Al Gourley, Non-Executive Chairman, commented:

 

"I am delighted to welcome Leslie to Trident. Leslie has
substantial experience in the banking and insurance industries, as well
as risk management. Leslie's experience will help in the stewardship
of our royalty and financial assets, as well as prudent capital allocation
and structuring."

 

Further regulatory Information in relation to the appointment of Leslie
Stephenson

 

 Full name: Leslie Janet Stephenson
 Age: 55

 Current directorships or partnerships:

 Canada-UK Council

 The In & Out Limited (trading as The In & Out Naval And Military Club)

 The University of Western Ontario (UK) Foundation  (Trustee)

 Former directorships or partnerships (previous 5 years):

 Canada-United Kingdom Chamber of Commerce

 Ordinary shares held in the Company  Nil

 (at 14 August 2023)

 

There is no further information required to be disclosed under Rule 17 or
paragraph (g) of Schedule 2 of the AIM Rules for Companies.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European
Union (withdrawal) Act 2018. Upon the publication of this announcement, this
inside information is now considered to be in the public domain.

 

** Ends **

 

  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:/Users/afdav/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/GCSQ6WT9/www.grantthornton.com)
 Colin Aaronson / Samantha Harrison / Samuel Littler

                                                       +44 020 7383 5100
 Liberum Capital Limited (Joint Broker)                www.liberum.com (http://www.liberum.com)

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

 Susie Geliher / Catherine Leftley                     +44 20 7236 1177

 

 

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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