Trident Royalties - Director Share Purchase

Trident Royalties

03/05/2023 17:45

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RNS Number : 3317Y  Trident Royalties PLC  03 May 2023

3 May 2023

 

Trident Royalties Plc

 

("Trident" or the "Company")

 

Director Share Purchase

 

The Company announces that Paul Smith, Non-Executive Chairman, has today
purchased 32,500 ordinary shares of £0.01 ("Ordinary Shares") on market at an
average price of 47 pence per Ordinary Share.

Following this share purchase, Paul Smith holds 4,288,968 Ordinary Shares
representing approximately 1.47 per cent of the Company's voting rights.

Further details of the share purchase are set out in the PDMR form below which
has been 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.

 

PDMR Notifications

 

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                                                                        Paul Smith
 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

                                                                                                          GB00BF7J2535
 b.                          Nature of the transaction                                                   Purchase of Ordinary Shares
 c.                          Price(s) and volume(s)                                                      Price(s)  Volume(s)
                                                                                                         47.00p    25,000

                                                                                                         47.00p    5,865
                                                                                                         46.50p    1,635

 
 d.                          Aggregated information

                             ·Aggregated volume                                                          32,500

                             ·Price                                                                      46.97p
 e.                          Date of the transaction                                                     3 May 2023
 f.                          Place of the transaction                                                    London Stock Exchange's AIM Market (XLON)

 

d.

Aggregated information

·Aggregated volume

·Price

 

32,500

46.97p

e.

Date of the transaction

3 May 2023

f.

Place of the transaction

London Stock Exchange's AIM Market (XLON)

 

 

 

 

 

** 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
 Stifel Nicolaus Europe Limited (Joint Broker)         www.stifelinstitutional.com (http://www.stifelinstitutional.com/)

 Callum Stewart / Ashton Clanfield                     +44 20 7710 7600
 Liberum Capital Limited (Joint Broker)                www.liberum.com (http://www.liberum.com/)

 Scott Mathieson / Cara Murphy                         +44 20 3100 2184
 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 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
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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