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Trident Resources (TRR)

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Tuesday 29 October, 2019

Trident Resources

Director and PDMR Purchase of Shares

RNS Number : 3931R
Trident Resources Plc
29 October 2019
 

29 October 2019

 

Trident Resources Plc

("Trident" or the "Company")

 

Director and PDMR Purchase of Shares

 

Trident reports that it has received notification today that Adam Davidson, Director and CEO of the Company, purchased 65,000 ordinary shares in the Company ("Shares") at 16.5 pence per Share on 28 October 2019.

 

Further to the announcement on 10 October 2019, the Company is pleased to announce that Tyron Rees has been appointed as Vice-president, Corporate Development.  Mr Rees has over 10 years' experience in the natural resources sector, most recently with Resource Capital Funds (RCF), a mining-focused private equity firm. Prior to RCF, Tyron held various roles with Sandfire Resources and Newmont Goldcorp in a technical capacity as a Metallurgical Engineer. Tyron is a graduate of the Australian Institute of Company Directors, is a CFA Charterholder, holds a Master of Finance from Charles Sturt University and graduated with a Bachelor of Engineering in Minerals Engineering. 

 

Mr Rees also acquired 65,000 Shares in the Company at 16.5 pence per Share on 28 October 2019.

 

Adam Davidson, CEO of Trident said: "The appointment of a high calibre senior executive to the position of Vice President Corporate Development further strengthens our capacity to deliver on Trident's strategy. Tyron brings a proven track record of creating value and his broad financial and technical expertise will be particularly valuable. We are excited to have Tyron join the team and expect that he will play a significant part in Trident's growth."

 

Following these transactions, Mr Davidson's interest in the Company is 65,000 Shares, which represents approximately 0.30% of the Company's issued share capital and Mr Rees's interest in the Company is 65,000 ordinary shares, which also represents approximately 0.30% of the Company's issued share capital.

 

 

** Ends **

 

Contact details:

 

Trident Resources Plc

 

Adam Davidson

 

www.tridentresources.co.uk

 

Tel: +44 (0) 20 3931 9635

Tamesis Partners LLP

 

Richard Greenfield

 

www.tamesispartners.com

 

+44 (0) 203 882 0712

Azure Capital Limited

 

John Toll

 

www.azurecapital.com.au

 

+61 8 6263 0888

Ashanti Capital Pty Ltd

 

Rob Hamilton

 

www.ashanticapital.com.au

 

+61 8 6169 2668

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.



 

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Adam Davidson

2.            

Reason for the notification

a.            

Position/status

 Director & 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 Resources 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

GB00BF7J2535

b.            

Nature of the transaction

Purchase of common shares

c.            

Price(s) and volume(s)

Price(s)

Volume(s)

16.5 p/share

 65,000

d.            

Aggregated information

·      Aggregated volume

·      Price

 

n/a single transaction

e.            

Date of the transaction

28 October 2019

f.            

Place of the transaction

Outside a trading venue

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Tyron Rees

2.            

Reason for the notification

a.            

Position/status

 Vice President, Corporate Development

b.            

Initial notification/Amendment

Initial Notification

3.            

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.            

Name

Trident Resources 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

GB00BF7J2535

b.            

Nature of the transaction

Purchase of common shares

c.            

Price(s) and volume(s)

Price(s)

Volume(s)

16.5 p/share

 65,000

d.            

Aggregated information

·      Aggregated volume

·      Price

 

n/a single transaction

e.            

Date of the transaction

28 October 2019

f.            

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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