Trident Royalties Regulatory News (TRR)

4 May 2020

Trident Resources Plc

("Trident" or the "Company")

Notice of Annual General Meeting 

The Board of Trident is pleased to announce that the Annual General Meeting ("AGM") of the Company will be held at 15 Orchard Close, Woodbury, Devon EX5 1ND on 27 May 2020 at 10am. The notice of the AGM and Form of Proxy is now available for download on the Company's website at www.tridentresources.co.uk and have been posted to all Shareholders today.

In addition to the business ordinarily undertaken at an AGM and as announced on 25 March 2020, the Company entered into a definitive purchase agreement to acquire a significant, cash generative mining royalty in respect of part of the Koolyanobbing Iron Ore Operation in Western Australia (the "Acquisition"). The Acquisition will initiate the establishment of Trident as a new, growth-focused diversified mining royalty and streaming company.

As announced, Trident has given notice of its intention to seek the cancellation of the admission of its ordinary shares from the Official List of the FCA (Standard Segment) and their trading on the London Stock Exchange's main market, and seek admission to trading on the AIM Market operated by the London Stock Exchange (the "Admission"), which the Directors consider to be a more suitable market and regulatory environment for a growth-focused royalty and streaming company. The Company will be classified as an "Investing Company" on AIM and so, concurrent with the Acquisition and in order to facilitate Admission, the Company is required to adopt an investing policy and raise at least £6 million in cash via an equity fundraising at or immediately before Admission.

Accordingly, resolutions will be proposed to allot shares and to disapply pre-emption rights for an equity fundraising and generally following Admission. In addition, resolutions seeking approval of an Investing Policy and to adopt new Articles of Association suitable for an AIM Company, following Admission will be proposed.

Finally, the Company proposes to seek to simplify its share structure by way of the purchase and cancellation of the 3,000,000 deferred shares of £0.01 each in the capital of the Company and a resolution will be proposed to approve the terms of such buy-back and cancellation.

Currently, travel is heavily restricted and large gatherings are prohibited to protect public health. During this unprecedented crisis, we appreciate the need for the Government to take extraordinary measures to fight the spread of this pandemic. In light of the current restrictions, persons will be denied entry if they attempt to attend the AGM in person (as shareholder meetings are not exempt from the Stay at Home Measures).

The Company will ensure that the necessary quorum requirement is satisfied and that the resolutions set out in the Notice of AGM are proposed and voted upon. There will be no presentations or Q&A at the AGM.

However, the Board is keen to ensure that all shareholders exercise their right to vote and strongly recommends that you vote on all resolutions by submitting a proxy appointment form by post or email in accordance with the Notice of AGM as early as possible and, in any event, by no later than 10:00 am on 22 May 2020

The health and wellbeing of our employees, shareholders and the wider communities in which we operate is of paramount importance to the Board, and the steps set out above are necessary and appropriate ones to take given the current pandemic.

The Notice of AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm 

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