Commences trading on Frankfurt Stock Exchange

RNS Number : 6850W

Trident Royalties PLC.

20 August 2020

 

20 August 2020

Trident Royalties Plc

Commencement of trading on Frankfurt Stock Exchange

Trident Royalties Plc ("Trident" or the "Company") (AIM: TRR, FSX: 5KV), is pleased to announce that following approval for a secondary listing, its ordinary shares have commenced trading on the Quotation Board Segment of the Open Market of the Frankfurt Stock Exchange ("FSX") under the ticker symbol 5KV.

The FSX is one of the largest global equities markets, opening Trident to a new pool of potential investors. The FSX has an investor base which is well acquainted with mining, with numerous resources-focused and mining royalty companies maintaining primary or secondary listings. No new capital is being raised. The Company anticipates that its secondary listing on FSX will raise the profile of the Company among European investors and increase the overall liquidity of the Company's shares. Following the secondary listing, the Company's issued share capital will continue to trade on AIM under its existing ticker, TRR.

Adam Davidson, Chief Executive Officer of Trident commented:

"We are pleased to have commenced trading on the Frankfurt Stock Exchange. While we are not issuing any new share capital, the secondary listing will broaden Trident's pool of potential investors with an appetite for exposure to mining commodities. We look forward to building our presence in Continental Europe as we continue to grow our portfolio of mining royalties."

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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Contact details:

Trident Royalties Plc Adam Davidson	www.tridentroyalties.com [phone]
Grant Thornton (Nominated Adviser) Colin Aaronson / Seamus Fricker	www.grantthornton.co.uk [phone]
Tamesis Partners LLP (Financial Adviser and Broker) Richard Greenfield	www.tamesispartners.com [phone]
Yellow Jersey (Public Relations) Charles Goodwin	www.yellowjerseypr.com [phone]

About Trident

Trident is a growth-focused diversified mining royalty and streaming company, aiming to provide 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:

· Constructing 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 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.

 

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