Director and PDMR Purchase of Shares

RNS Number : 3931R

Trident Resources Plc

29 October 2019

 

29 October 2019

Trident Resources Plc

("Trident" or the "Company")

Director and PDMR Purchase of Shares

Trident reports that it has received notification today that Adam Davidson, Director and CEO of the Company, purchased 65,000 ordinary shares in the Company ("Shares") at 16.5 pence per Share on 28 October 2019.

Further to the announcement on 10 October 2019, the Company is pleased to announce that Tyron Rees has been appointed as Vice-president, Corporate Development.  Mr Rees has over 10 years' experience in the natural resources sector, most recently with Resource Capital Funds (RCF), a mining-focused private equity firm. Prior to RCF, Tyron held various roles with Sandfire Resources and Newmont Goldcorp in a technical capacity as a Metallurgical Engineer. Tyron is a graduate of the Australian Institute of Company Directors, is a CFA Charterholder, holds a Master of Finance from Charles Sturt University and graduated with a Bachelor of Engineering in Minerals Engineering. 

Mr Rees also acquired 65,000 Shares in the Company at 16.5 pence per Share on 28 October 2019.

Adam Davidson, CEO of Trident said: "The appointment of a high calibre senior executive to the position of Vice President Corporate Development further strengthens our capacity to deliver on Trident's strategy. Tyron brings a proven track record of creating value and his broad financial and technical expertise will be particularly valuable. We are excited to have Tyron join the team and expect that he will play a significant part in Trident's growth."

Following these transactions, Mr Davidson's interest in the Company is 65,000 Shares, which represents approximately 0.30% of the Company's issued share capital and Mr Rees's interest in the Company is 65,000 ordinary shares, which also represents approximately 0.30% of the Company's issued share capital.

** Ends **

Contact details:

Trident Resources Plc Adam Davidson	www.tridentresources.co.uk Tel: [phone]
Tamesis Partners LLP Richard Greenfield	www.tamesispartners.com [phone]
Azure Capital Limited John Toll	www.azurecapital.com.au [phone]
Ashanti Capital Pty Ltd Rob Hamilton	www.ashanticapital.com.au [phone]

The information contained 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.

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Adam Davidson
2.	Reason for the notification
a.	Position/status	Director & Chief Executive Officer
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Trident Resources Plc
b.	LEI	213800V6U8KJ7U2BV956
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
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each GB00BF7J2535
b.	Nature of the transaction	Purchase of common shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 16.5 p/share  65,000
d.	Aggregated information ·      Aggregated volume ·      Price	n/a single transaction
e.	Date of the transaction	28 October 2019
f.	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Tyron Rees
2.	Reason for the notification
a.	Position/status	Vice President, Corporate Development
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Trident Resources Plc
b.	LEI	213800V6U8KJ7U2BV956
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
a.	Description of the Financial instrument, type of instrument Identification code	Ordinary Shares of £0.01 each GB00BF7J2535
b.	Nature of the transaction	Purchase of common shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 16.5 p/share  65,000
d.	Aggregated information ·      Aggregated volume ·      Price	n/a single transaction
e.	Date of the transaction	28 October 2019
f.	Place of the transaction	Outside a trading venue

 

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