Total Voting Rights & Director Share Subscriptions
The headline for the Trident Royalties Plc announcement released on 11 January 2022 at 08.01 under RNS No 9633X should read Total Voting Rights and Director Share Subscriptions.
The announcement text is unchanged and is reproduced in full below.
11 JANUARY 2022
Trident Royalties Plc
("Trident" or the "Company")
ADMISSION OF SHARES, TOTAL VOTING RIGHTS AND DIRECTOR SHARE SUBSCRIPTIONS
Further to its announcement of 10 January 2022 regarding the issue of 13,118,057 Conditional Placing Shares, following shareholder approval at the general meeting held on 10 January 2022 and the issue of 20,471,151 Consideration Shares in part consideration for the acquisition of a portfolio of gold offtake streams, the Company confirms that 33,589,208 ordinary shares of 1p each ("Ordinary Shares") have today been admitted to trading on AIM ("Admission").
The Directors' participation in the Placing announced on 14 December 2021 through subscriptions, on the same terms as other investors, was detailed in that announcement.
Further details of the Directors' share subscriptions and a subscription by a party connected with a member of the Company's senior management 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.
Total Voting Rights
For the purposes of the Financial Conduct Authority's ("FCA") Disclosure Guidance and Transparency Rules, following Admission, Trident will have 285,181,621 Ordinary Shares in issue with voting rights attached. Trident does not hold any Ordinary Shares in treasury.
The above figure of 285,181,621 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in Trident under the FCA's Disclosure Guidance and Transparency Rules.
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 code |
Ordinary Shares of 0.01 each ISIN: GB00BF7J2535 |
||||
|
b. |
Nature of the transaction |
Purchase of Ordinary Shares |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information · Aggregated volume · Price |
n/a single transaction |
||||
|
e. |
Date of the transaction |
11 January 2022 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
|
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 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 code |
Ordinary Shares of 0.01 each ISIN: GB00BF7J2535 |
||||
|
b. |
Nature of the transaction |
Purchase of Ordinary Shares |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information · Aggregated volume · Price |
n/a single transaction |
||||
|
e. |
Date of the transaction |
11 January 2022 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a. |
Name |
Helen Pein |
||||
|
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 |
|||||
|
a. |
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) |
|
||||
|
d. |
Aggregated information · Aggregated volume · Price |
n/a single transaction |
||||
|
e. |
Date of the transaction |
11 January 2022 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
|
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 |
||||
|
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 code |
Ordinary Shares of 0.01 each ISIN: GB00BF7J2535 |
||||
|
b. |
Nature of the transaction |
Purchase of Ordinary Shares |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information · Aggregated volume · Price |
n/a single transaction |
||||
|
e. |
Date of the transaction |
11 January 2022 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a. |
Name |
Elizabeth Collins |
||||
|
2. |
Reason for the notification |
|||||
|
a. |
Position/status |
Person closely associated to Martin Page, Chief Financial Officer |
||||
|
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 code |
Ordinary Shares of 0.01 each ISIN: GB00BF7J2535 |
||||
|
b. |
Nature of the transaction |
Purchase of Ordinary Shares |
||||
|
c. |
Price(s) and volume(s) |
|
||||
|
d. |
Aggregated information · Aggregated volume · Price |
n/a single transaction |
||||
|
e. |
Date of the transaction |
11 January 2022 |
||||
|
f. |
Place of the transaction |
Outside a trading venue |
||||
** Ends **
Contact details:
|
Trident Royalties Plc Adam Davidson |
+1 (757) 208-5171 |
|
Grant Thornton (Nominated Adviser) Colin Aaronson / Samantha Harrison / Samuel Littler |
+44 020 7383 5100 |
|
Tamesis Partners LLP (Financial Adviser and Joint Broker) Richard Greenfield |
+44 203 882 2868 |
|
Stifel Nicolaus Europe Limited (Joint Bookrunner) Callum Stewart/Ashton Clanfield |
+44 20 7710 7600 |
|
St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Catherine Leftley / Charlotte Hollinshead |
www.stbridespartners.co.uk +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.
Forward-looking Statements
This news release contains forward ‐ looking information. The statements are based on reasonable assumptions and expectations of management and Trident provides no assurance that actual events will meet management's expectations. In certain cases, forward ‐ looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Trident believes the expectations expressed in such forward ‐ looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Mining exploration and development is an inherently risky business. In addition, factors that could cause actual events to differ materially from the forward-looking information stated herein include any factors which affect decisions to pursue mineral exploration on the relevant property and the ultimate exercise of option rights, which may include changes in market conditions, changes in metal prices, general economic and political conditions, environmental risks, and community and non-governmental actions. Such factors will also affect whether Trident will ultimately receive the benefits anticipated pursuant to relevant agreements. This list is not exhaustive of the factors that may affect any of the forward ‐ looking statements. These and other factors should be considered carefully and readers should not place undue reliance on forward-looking information.
Third Party Information
As a royalty and streaming company, Trident often has limited, if any, access to non-public scientific and technical information in respect of the properties underlying its portfolio of royalties and investments, or such information is subject to confidentiality provisions. As such, in preparing this announcement, the Company has relied upon information provided by or the public disclosures of the owners and operators of the properties underlying its portfolio of royalties, as available at the date of this announcement.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 7 hours ago Luceco
- 7 hours ago Helios Towers
- 7 hours ago Wise Class A
- 7 hours ago EDX Medical Group Plc
- 8 hours ago Naked Wines