Trident Royalties PLC Announces Result of AGM

Rhea-AI Summary

Trident Royalties PLC, trading under the symbols AIM:TRR and OTCQB:TDTR, announced the successful passing of all resolutions proposed at their Annual General Meeting (AGM) held on June 7, 2024. This meeting marks a pivotal moment for the diversified mining royalty company as it seeks to further its strategic objectives.

Key contact details and advisors were also listed, including Grant Thornton, Liberum Capital , Stifel Nicolaus Europe , Tamesis Partners LLP, and St Brides Partners

Positive

• All resolutions at AGM were duly passed.
• Successful AGM enhances strategic direction and investor confidence.

Negative

• No financial or operational data provided in the PR to assess current business performance.

Result of Annual General Meeting

LONDON, UNITED KINGDOM / ACCESSWIRE / June 7, 2024 / Trident Royalties Plc (AIM:TRR)(OTCQB:TDTR), the diversified mining royalty company, is pleased to announce that all resolutions proposed to shareholders at the Company's AGM held earlier today were duly passed.

** Ends**

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 / Elliot Peters	www.grantthornton.co.uk +44 020 7383 5100
Liberum Capital Limited (Joint Broker) Scott Mathieson	www.liberum.com +44 20 3100 2184
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
St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Charlotte Page	www.stbridespartners.co.uk +44 20 7236 1177

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 was announced in Trident Royalties PLC's AGM on June 7, 2024?

Trident Royalties PLC announced that all resolutions proposed at their AGM were duly passed.

What is the stock symbol for Trident Royalties PLC?

The stock symbols for Trident Royalties PLC are AIM:TRR and OTCQB:TDTR.

What was the outcome of Trident Royalties PLC's AGM resolutions?

All resolutions proposed at Trident Royalties PLC's AGM were passed.

When was Trident Royalties PLC's AGM held?

Trident Royalties PLC's AGM was held on June 7, 2024.

Who are the advisors and brokers listed in Trident Royalties PLC's press release?

The advisors and brokers include Grant Thornton, Liberum Capital , Stifel Nicolaus Europe , Tamesis Partners LLP, and St Brides Partners