Trident Royalties PLC Announces Director Share Purchases

Rhea-AI Summary

Trident Royalties Plc announces director share purchases by Richard Hughes and Leslie Stephenson. Hughes bought 73,040 Ordinary Shares at 35.33p, holding 0.32% voting rights. Stephenson purchased 4,000 Ordinary Shares at US$0.466, holding 0.001% voting rights.

Director Share Purchases

LONDON, UK / ACCESSWIRE / February 26, 2024 / 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
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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Trident Royalties PLC

View the original press release on accesswire.com

FAQ

What are the details of Richard Hughes' share purchase?

Richard Hughes, CFO and executive director, bought 73,040 Ordinary Shares at an average price of 35.33 pence per share.

How many Ordinary Shares does Richard Hughes hold after the purchase?

Following the purchase, Richard Hughes and closely associated persons hold 950,000 Ordinary Shares, representing 0.32% of the Company's voting rights.

What information is provided about Leslie Stephenson's share purchase?

Leslie Stephenson, Non-Executive director, purchased 4,000 Ordinary Shares on the OTCQB exchange at an average price of US$0.466 per share.

What percentage of voting rights does Leslie Stephenson hold after buying the shares?

Leslie Stephenson holds 4,000 Ordinary Shares, representing 0.001% of the Company's voting rights after the purchase.

When did the share purchases take place?

The share purchases by Richard Hughes and Leslie Stephenson occurred on 23 February 2024.