Source - LSE Regulatory
RNS Number : 8158I
Trident Royalties PLC.
17 August 2021
 

17 AUGUST 2021

 

Trident Royalties Plc

("Trident" or the "Company")

 

DIRECTORS SHARE PURCHASE

 

The Company announces that Collingwood Capital AG (a company which Paul Smith, Non-executive Chairman, is the sole shareholder) has purchased 775,000 ordinary shares of £0.01 in the Company ("Ordinary Shares") on market at a price of 34.0 pence per Ordinary Share.

 

In addition, the Company announces that Bacchus Capital Advisers Limited (a company controlled by Peter Bacchus, a Non-executive Director) has purchased 175,000 ordinary shares of £0.01 in the Company ("Ordinary Shares") on market at a price of 34.0 pence per Ordinary Share. 

 

Following this share purchase, Collingwood Capital AG holds 3,317,000 Ordinary Shares representing 1.84% of the Company's voting rights and Bacchus Capital Advisers Limited holds 175,000 Ordinary Shares representing 0.10% of the Company's voting rights.

 

Further details 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.

 

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)

Price(s)

Volume(s)

34.0 pence

775,000

 

d.            

Aggregated information

·Aggregated volume

·Price

 

n/a single transaction

e.            

Date of the transaction

16 August 2021

f.            

Place of the transaction

London Stock Exchange's AIM Market (XLON)

 

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Peter Bacchus

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)

Price(s)

Volume(s)

34.0 pence

175,000

 

d.            

Aggregated information

·Aggregated volume

·Price

 

n/a single transaction

e.            

Date of the transaction

16 August 2021

f.            

Place of the transaction

London Stock Exchange's AIM Market (XLON)

 

 

 

** Ends **

Contact details:

 

Trident Royalties Plc

Adam Davidson

www.tridentroyalties.com

+1 (757) 208-5171

Grant Thornton (Nominated Adviser)

Colin Aaronson / Samantha Harrison / Lukas Girzadas

www.grantthornton.co.uk

+44 020 7383 5100

Tamesis Partners LLP (Financial Adviser and Joint Broker)

Richard Greenfield

www.tamesispartners.com

+44 203 882 2868

Shard Capital Partners LLP (Joint Broker)

Erik Woolgar / Isabella Pierre

www.shardcapital.com

+44 207 186 9927

St Brides Partners Ltd (Financial PR & IR)

Susie Geliher / Catherine Leftley

                               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 forwardlooking 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, forwardlooking 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 forwardlooking 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 forwardlooking 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.

 

 

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