Trident Royalties PLC Director Share Purchase (3317Y)

TIDMTRR

RNS Number : 3317Y

Trident Royalties PLC

03 May 2023

3 May 2023

Trident Royalties Plc

("Trident" or the "Company")

Director Share Purchase

The Company announces that Paul Smith, Non-Executive Chairman, has today purchased 32,500 ordinary shares of GBP0.01 ("Ordinary Shares") on market at an average price of 47 pence per Ordinary Share.

Following this share purchase, Paul Smith holds 4,288,968 Ordinary Shares representing approximately 1.47 per cent of the Company's voting rights.

Further details of the share purchase are set out in the PDMR form below which has been 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.

PDMR Notifications

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           Ordinary Shares of GBP0.01 
        instrument, type of instrument         each 
        Identification code                    GB00BF7J2535 
      -------------------------------------  ----------------------------- 
 b.    Nature of the transaction              Purchase of Ordinary Shares 
      -------------------------------------  ----------------------------- 
 c.    Price(s) and volume(s)                  Price(s)   Volume(s) 
                                                47.00p     25,000 
                                                          ---------- 
                                                47.00p     5,865 
                                                          ---------- 
                                                46.50p     1,635 
                                                          ---------- 
      -------------------------------------  ----------------------------- 
 d.             Aggregated information 
             *    Aggregated volume            32,500 
                                                46.97p 
 
             *    Price 
 ------------------------------------------  ----------------------------- 
 e.    Date of the transaction                3 May 2023 
      -------------------------------------  ----------------------------- 
 f.    Place of the transaction               London Stock Exchange's AIM 
                                               Market (XLON) 
      -------------------------------------  ----------------------------- 
 

** Ends **

Contact details:

 
 Trident Royalties Plc                         www.tridentroyalties.com 
  Adam Davidson / Richard Hughes           [phone] / +44 7967 
                                                                 589997 
 Grant Thornton (Nominated Adviser)             www.grantthornton.co.uk 
  Colin Aaronson / Samantha Harrison                  [phone] 
  / Samuel Littler 
                                         ------------------------------ 
 Stifel Nicolaus Europe Limited (Joint      www.stifelinstitutional.com 
  Broker)                                              [phone] 
  Callum Stewart / Ashton Clanfield 
                                         ------------------------------ 
 Liberum Capital Limited (Joint Broker)                 www.liberum.com 
  Scott Mathieson / Cara Murphy                        [phone] 
                                         ------------------------------ 
 Tamesis Partners LLP (Joint Broker)            www.tamesispartners.com 
  Richard Greenfield                                   [phone] 
                                         ------------------------------ 
 St Brides Partners Ltd (Financial           www.stbridespartners.co.uk 
  PR & IR)                                             [phone] 
  Susie Geliher / Catherine Leftley 
                                         ------------------------------ 
 

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.

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May 03, 2023 12:45 ET (16:45 GMT)