Trident Royalties PLC Director Share Purchase (1337V)
30 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMTRR
RNS Number : 1337V
Trident Royalties PLC
30 November 2023
30 November 2023
Trident Royalties Plc
("Trident" or the "Company")
Director Share Purchase
The Company announces that Richard Hughes, Chief Financial
Officer and executive director, has purchased 200,000 ordinary
shares of GBP0.01 in the Company ("Ordinary Shares") on market at
an average price of 32.13 pence per Ordinary Share. Following this
share purchase, Richard Hughes and persons closely associated with
him, hold 800,000 Ordinary Shares representing 0.3% per cent of the
Company's voting rights.
Further details 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.
Contact details:
Trident Royalties Plc www.tridentroyalties.com
Adam Davidson / Richard Hughes +1 (757) 208-5171 / +44 7967
589997
Grant Thornton (Nominated Adviser) www.grantthornton.co.uk
Colin Aaronson / Samantha Harrison +44 020 7383 5100
/ Enzo Aliaj
------------------------------
Liberum Capital Limited (Joint Broker) www.liberum.com
Scott Mathieson / Cara Murphy +44 20 3100 2184
------------------------------
Stifel Nicolaus Europe Limited (Joint www.stifelinstitutional.com
Broker) +44 20 7710 7600
Callum Stewart / Ashton Clanfield
------------------------------
Tamesis Partners LLP (Joint Broker) www.tamesispartners.com
Richard Greenfield +44 20 3882 2868
------------------------------
St Brides Partners Ltd (Financial www.stbridespartners.co.uk
PR & IR) +44 20 7236 1177
Susie Geliher / Zoe Briggs
------------------------------
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 Ordinary Shares of GBP0.01
instrument, type of instrument each
Identification code ISIN: GB00BF7J2535
------------------------------------ -----------------------------
b. Nature of the transaction Purchase of Ordinary Shares
------------------------------------ -----------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
26,000 31.70p
----------
42,000 31.88p
----------
73,000 31.88p
----------
59,000 32.80p
----------
------------------------------------ -----------------------------
d. Aggregated information
* Aggregated volume 200,000
32.13 pence
* Price
------------------------------------ -----------------------------
e. Date of the transaction 29 November 2023
------------------------------------ -----------------------------
f. Place of the transaction London Stock Exchange's AIM
Market (XLON)
------------------------------------ -----------------------------
** 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.
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END
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