Director/PDMR Shareholding

RNS Number : 7723H

Trident Royalties PLC.

06 August 2021

 

6 August 2021

TRIDENT ROYALTIES PLC 

("Trident" or the "Company")

Director's Share Purchase

Trident Royalties plc was notified on 5 August 2021 that Albert Gourley, non-executive director, has purchased a total of 500,000 ordinary shares of  £0.01 in the Company  ("Ordinary Shares") on market.  50,000 Ordinary Shares were purchased at 36.5p per share and 450,000 Ordinary Shares at 37p per share. The shares were acquired by Albert C Gourley Professional Corporation a company controlled by Mr Gourley.

Following this share purchase, Albert Gourley is interested in 6,327,027 Ordinary Shares representing 3.5% per cent. of the Company's voting rights.

Further details of Mr Gourley's purchase 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:

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them:

1.	Details of PDMR/ person closely associated with them ('PCA')
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
	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.01 each ISIN: GB00BF7J2535
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s)  Volume(s) 36.5p  50,000 37p  450,000
	Aggregated information -  Aggregated volume -  Price	500,000 36.95p per share
e)	Date of the transaction	50,000 shares: 4 August 2021; and 450,000 shares: 5 August 2021
f)	Place of the transaction	London Stock Exchange's AIM Market ( XLON)

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Contact details:

Trident Royalties Plc Adam Davidson	www.tridentroyalties.com [phone]
Grant Thornton (Nominated Adviser) Colin Aaronson / Samantha Harrison / Lukas Girzadas	www.grantthornton.co.uk [phone]
Tamesis Partners LLP (Joint Broker) Richard Greenfield	www.tamesispartners.com [phone]
Shard Capital Partners LLP (Joint Broker) Erik Woolgar / Isabella Pierre	www.shardcapital.com [phone]
St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Catherine Leftley/Selina Lovell	www.stbridespartners.co.uk [phone]

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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