Last checked at 20 Dec 2021 16:15
20 December 2021
Trident Royalties Plc
("Trident" or the "Company")
Admission of Shares to AIM
Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused mining royalty and streaming company, announces that following the announcement on 14 December 2021 regarding the results of the Placing and Primary Bid Offer in the relation to the proposed acquisition of a portfolio of producing gold offtake streams from Orion Resource Partners, the Company confirms that 70,881,943 ordinary shares of 1p each ("Ordinary Shares") have today been admitted to trading on AIM.
Total Voting Rights
Following Admission of the new Ordinary Shares as described above, the issued share capital of the Company will consist of 251,592,413 Ordinary Shares of 1p each, each carrying a right to one vote, with no shares held in treasury. 251,592,413 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
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Contact details:
Trident Royalties Plc Adam Davidson | www.tridentroyalties.com +1 (757) 208-5171 |
Grant Thornton (Nominated Adviser) Colin Aaronson / Samantha Harrison | www.grantthornton.co.uk +44 020 7383 5100 |
Tamesis Partners LLP (Financial Adviser, Joint Bookrunner) Richard Greenfield | www.tamesispartners.com +44 20 3882 2868 |
Stifel Nicolaus Europe Limited (Joint Bookrunner) Callum Stewart / Ashton Clanfield | www.stifelinstitutional.com +44 20 7710 7600 |
Ashanti Capital Pty Ltd (Joint Bookrunner) Rob Hamilton | www.ashanticapital.com.au +61 8 6169 266 |
St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Catherine Leftley | 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 and precious metals, bulk materials (excluding thermal coal) and battery metals.
Key highlights of Trident's strategy include:
· Expanding on a royalty and streaming portfolio which broadly mirrors 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.