26 February
2024
Trident Royalties
Plc
("Trident" or the
"Company")
Director Share
Purchases
The Company announces the following
share purchase transactions by directors.
Richard Hughes, Chief Financial
Officer and executive director, has purchased 73,040 ordinary
shares of £0.01 in the Company
("Ordinary
Shares") on market at an average price of 35.33 pence per
Ordinary Share. Following this share purchase, Richard Hughes and
persons closely associated with him, hold 950,000 Ordinary Shares
representing 0.32% per cent of the Company's voting
rights.
Leslie Stephenson, Non-Executive
director, has purchased 4,000 Ordinary Shares on market, through
the OTCQB exchange, at an average price of US$0.466 per Ordinary
Share. Following this share purchase, Leslie Stephenson holds 4,000
Ordinary Shares representing 0.001% per cent 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.
Contact details:
|
Trident Royalties Plc
Adam Davidson / Richard
Hughes
|
www.tridentroyalties.com
+1 (757)
208-5171 / +44 7967 589997
|
|
Grant Thornton (Nominated
Adviser)
Colin Aaronson / Samantha Harrison /
Enzo Aliaj
|
www.grantthornton.co.uk
+44 020
7383 5100
|
|
Stifel Nicolaus Europe Limited
(Joint Broker)
Callum Stewart / Ashton
Clanfield
|
www.stifelinstitutional.com
+44 20
7710 7600
|
|
Tamesis Partners LLP (Joint
Broker)
Richard Greenfield
|
www.tamesispartners.com
+44 20
3882 2868
|
|
Liberum Capital Limited (Joint
Broker)
Scott Mathieson
|
www.liberum.com
+44 20
3100 2184
|
|
St Brides Partners Ltd (Financial PR
& IR)
Susie Geliher
|
www.stbridespartners.co.uk
+44 20
7236 1177
|
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
|
Richard Hughes
|
|
2.
|
Reason for the notification
|
|
a.
|
Position/status
|
CFO and 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)
|
|
35.33p
|
25,000
|
|
35.35p
|
25,000
|
|
35.30p
|
23,040
|
|
|
d.
|
Aggregated information
·Aggregated
volume
·Price
|
73,040
35.33 pence
|
|
e.
|
Date of the transaction
|
23
February 2024
|
|
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
|
Leslie Stephenson
|
|
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)
|
|
US$0.466
|
4000
|
|
|
d.
|
Aggregated information
·Aggregated
volume
·Price
|
4,000
US$0.466
|
|
e.
|
Date of the transaction
|
23
February 2024
|
|
f.
|
Place of the transaction
|
OTCQB Exchange
|
** Ends
**
About Trident
Trident is a growth-focused
diversified mining royalty and streaming company, providing
investors with exposure to a mix of base battery, precious, and
bulk metals.
Key highlights of Trident's strategy
include:
|
·
|
Building upon a royalty and streaming
portfolio which broadly mirrors the commodity exposure of the
global mining sector (excluding fossil fuels) 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.