TIDMTRR

RNS Number : 6214X

Trident Royalties PLC

29 December 2023

29 December 2023

Trident Royalties Plc

("Trident" or the "Company")

TOTAL VOTING RIGHTS

In compliance with the FCA's Disclosure Guidance and Transparency Rules (the "Rules"), the Company announces that, as at the date of this announcement, it has 292,730,176 ordinary shares of GBP0.01 each ("Ordinary Shares") in issue. The Company does not hold any shares in treasury and all of the Ordinary Shares have equal voting rights.

The figure of 292,730,176 Ordinary Shares represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Rules.

** Ends **

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 / Charlie Bendon                  +44 20 3882 2868 
                                         ------------------------------ 
 Brides Partners Ltd (Financial PR           www.stbridespartners.co.uk 
  & IR)                                                +44 20 7236 1177 
  Susie Geliher / Zoe Briggs 
                                         ------------------------------

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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(END) Dow Jones Newswires

December 29, 2023 02:00 ET (07:00 GMT)

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