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Trident Royalties Plc is a diversified mining royalty company that focuses on acquiring royalties and streams in resource-friendly jurisdictions worldwide. The company's portfolio includes exposure to gold, lithium, copper, silver, and other commodities, providing a mix of base battery, precious, and bulk metals. Trident aims to deliver strong returns for shareholders by acquiring assets that are reflective of single asset risk while maintaining a low-overhead model. With recent developments in key assets like the Thacker Pass lithium project and the Greenstone gold project, Trident is poised for significant cash generation and revenue growth.
Trident Royalties Plc (TDTRF) has announced the cancellation of its shares from trading on AIM, effective September 3, 2024, at 7:00 a.m. London time. This follows the completion of a recommended cash acquisition by Deterra Global Holdings Pty (Bidco). The acquisition, announced on June 13, 2024, was implemented through a court-sanctioned scheme of arrangement under the Companies Act 2006. The scheme became effective on September 2, 2024, as previously announced by both companies' boards. This marks the final step in Bidco's acquisition of Trident's entire issued and to-be-issued share capital.
Trident Royalties PLC has announced that the scheme of arrangement for its acquisition by Deterra Global Holdings Pty has become effective. The cash acquisition, announced on June 13, 2024, involves Deterra acquiring the entire issued and to be issued share capital of Trident. Key points include:
1. The scheme was sanctioned by the High Court of Justice in England and Wales on August 29, 2024.
2. Trident is now a wholly-owned subsidiary of Deterra Global Holdings.
3. Settlement of cash consideration for Scheme Shareholders will occur within 14 days.
4. Trading of Trident Shares on AIM was suspended on September 2, 2024.
5. Cancellation of Trident Shares' admission to trading on AIM is expected on September 3, 2024.
6. Several Trident board members have resigned, and Julian Andrews has been appointed to the board.
Trident Royalties PLC announced that the High Court of Justice in England and Wales has sanctioned the scheme of arrangement for its acquisition by Deterra Global Holdings Pty (Bidco). The scheme is expected to become effective on September 2, 2024. Key dates include:
- Last day of dealings in Trident Shares: August 30, 2024
- Suspension of Trident Shares on AIM: September 2, 2024 at 7:30 a.m.
- Expected cancellation of Trident Shares on AIM: September 3, 2024 at 7:00 a.m.
Scheme Shareholders will be entitled to receive the Cash Consideration upon the scheme becoming effective. The acquisition was initially announced on June 13, 2024, with Bidco agreeing to acquire the entire issued and to be issued share capital of Trident.
Trident Royalties PLC (TDTRF) announced a significant change in its shareholding structure on August 28, 2024. Bank of America reported crossing a threshold, increasing its total voting rights to 6.66% from a previous 6.39%. This change resulted from an acquisition of voting rights, with the new position including 6.19% of voting rights attached to shares and 0.47% through financial instruments. The notification details that Merrill Lynch International, controlled by Bank of America , holds 18,131,844 indirect voting rights, equivalent to 6.19% of the total. Additionally, the company has financial instruments, including a right to recall and swaps, accounting for the remaining voting rights percentage.
Trident Royalties PLC (TDTRF) announced a significant change in shareholding on August 23, 2024. Bank of America reported crossing a threshold in its holdings of Trident Royalties on August 22, 2024. The resulting situation shows Bank of America holding 5.26% of voting rights attached to shares and 0.47% through financial instruments, totaling 5.74% of voting rights in the issuer. This represents a decrease from the previous notification of 6.40% total voting rights. The majority of the voting rights (5.26%) are held indirectly through Merrill Lynch International. The notification also includes details on financial instruments, including a right to recall and swaps, contributing to the overall position.
Trident Royalties PLC (AIM:TRR)(OTCQX:TDTRF) announced a significant change in shareholding on August 21, 2024. Bank of America reported crossing a threshold on August 20, 2024, with a resulting position of 5.26% voting rights attached to shares and 0.47% through financial instruments, totaling 5.74% of voting rights. This represents a decrease from the previous notification of 6.41%. The majority of voting rights are held indirectly through Merrill Lynch International. The notification also details financial instruments, including a right to recall and swaps, contributing to the overall position.
Trident Royalties PLC (TDTRF) has announced a significant change in its shareholding structure. Barclays PLC has reported an increase in its voting rights to 7.17% of the total, up from the previous 6.47%. This change occurred on August 14, 2024, with the issuer being notified on August 16, 2024. The total number of voting rights held by Barclays PLC in Trident Royalties PLC now stands at 21,004,400. The notification indicates that this change resulted from an acquisition of voting rights. Barclays Capital Securities , a subsidiary of Barclays Bank PLC, which is in turn controlled by Barclays PLC, holds these voting rights.
Trident Royalties PLC (TDTRF) announced a significant change in its major holdings. Ruffer LLP, a London-based entity, reported a decrease in its voting rights from 5.323212% to 3.731974%. This change occurred on August 9, 2024, due to the sale of 5,995,000 shares. The new total number of voting rights held by Ruffer LLP is 10,937,647. This notification was made in compliance with the standard form for notification of major holdings (TR-1) and was reported to the issuer on August 12, 2024. The change represents a significant reduction in Ruffer LLP's stake in Trident Royalties PLC, falling below the 5% threshold.
Trident Royalties PLC (TDTRF) announced a significant change in its shareholding structure. JPMorgan Chase & Co. reported crossing a threshold on August 6, 2024, with a total holding of 5.101776% of voting rights. This represents 14,952,264 shares. The majority of these voting rights (5.034066%) are held through J.P. Morgan Securities plc. The notification, filed on August 9, 2024, details the full chain of controlled undertakings, including J.P. Morgan Securities This change in major holdings could potentially impact Trident Royalties' ownership structure and investor relations.
Trident Royalties PLC (TDTRF) announced a significant change in its shareholding structure. JPMorgan Chase & Co. has crossed the 5% threshold of voting rights in the company, now holding 5.067655% of the total voting rights. This change occurred on August 5, 2024, with the issuer notified on August 7, 2024. The total number of voting rights held by JPMorgan Chase & Co. is 14,852,264.
The majority of these voting rights are held through J.P. Morgan Securities plc, which accounts for 4.999945% of the total. The notification also includes details of the chain of controlled undertakings through which the voting rights are held, starting from JPMorgan Chase & Co. down to its subsidiaries.
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