13:00 Mon 21 Dec 2020
Trident Royalties. - Grant of Options
Trident Royalties Plc
("Trident" or the "Company")
Grant of Options
The Company announces that is has granted options over a total of 1,600,000 ordinary shares of
Included in the option grant are 1,000,000 Share Options for
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 |
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a. |
Name |
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2. |
Reason for the notification |
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a. |
Position/status |
Chief Financial Officer |
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b. |
Initial notification/Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Trident Royalties Plc |
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b. |
LEI |
213800V6U8KJ7U2BV956 |
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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 |
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a. |
Description of the Financial instrument, type of instrument Identification code |
Options over Ordinary Shares of For Ordinary Shares: GB00BF7J2535 |
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b. |
Nature of the transaction |
Grant of options over ordinary shares |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information ·Aggregated volume ·Price |
1,000,000 options Exercise prices as above |
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e. |
Date of the transaction |
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f. |
Place of the transaction |
Outside a trading venue |
** Ends **
Contact details:
Trident Royalties Plc |
+1 (757) 208-5171 |
Grant Thornton (Nominated Adviser) |
+44 020 7383 5100 |
Tamesis Partners LLP (Financial Adviser and Joint Broker) |
+44 203 882 2868 |
Shard Capital Partners LLP (Joint Broker) |
+44 207 186 9927 |
|
+44 203 004 9512 |
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
· 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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