Director Share Purchases

Trident Royalties PLC

22 March 2024

 

22 March 2024

Trident Royalties Plc

("Trident" or the "Company")

Director Share Purchases

The Company announces the following share purchase transactions by directors.

Albert C Gourley Professional Corporation, a corporation controlled by Al Gourley, Non-Executive Chairman, has purchased 115,875 ordinary shares of £0.01 in the Company ("Ordinary Shares") on market at a price of 34.0 pence per Ordinary Share. Al Gourley has also transferred 34,125 Ordinary Shares held directly to Albert C Gourley Professional Corporation. Following this share purchase and transfer, Al Gourley holds (through Albert C Gourley Professional Corporation) 8,000,000 Ordinary Shares representing 2.73% per cent of the Company's voting rights.

Richard Hughes, Chief Financial Officer and executive director, has purchased 50,000 Ordinary Shares on market at a price of 34.2 pence per Ordinary Share. Following this share purchase, Richard Hughes and persons closely associated with him, hold 1,000,000 Ordinary Shares representing 0.34% per cent of the Company's voting rights.

Further details are set out in the PDMR forms below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

Contact details:

Trident Royalties Plc Adam Davidson / Richard Hughes	www.tridentroyalties.com [phone] / [phone]
Grant Thornton (Nominated Adviser) Colin Aaronson / Samantha Harrison / Enzo Aliaj	www.grantthornton.co.uk [phone]
Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart / Ashton Clanfield	www.stifelinstitutional.com [phone]
Tamesis Partners LLP (Joint Broker) Richard Greenfield	www.tamesispartners.com [phone]
Liberum Capital Limited (Joint Broker) Scott Mathieson	www.liberum.com [phone]
St Brides Partners Ltd (Financial PR & IR) Susie Geliher	www.stbridespartners.co.uk [phone]

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
a.	Name	Albert Gourley
2.	Reason for the notification
a.	Position/status	Non-Executive Chairman
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Trident Royalties 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 ISIN: GB00BF7J2535
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 34.0p 115,875
d.	Aggregated information ·Aggregated volume ·Price	115,875 34.0 pence
e.	Date of the transaction	21 March 2024
f.	Place of the transaction	London Stock Exchange's AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Richard Hughes
2.	Reason for the notification
a.	Position/status	CFO and executive director
b.	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Trident Royalties 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 ISIN: GB00BF7J2535
b.	Nature of the transaction	Purchase of Ordinary Shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 34.2p 50,000
d.	Aggregated information ·Aggregated volume ·Price	50,000 34.2 pence
e.	Date of the transaction	21 March 2024
f.	Place of the transaction	London Stock Exchange's AIM Market (XLON)

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About Trident

Trident is a growth-focused diversified mining royalty and streaming company, providing investors with exposure to a mix of base battery, precious, and bulk metals.

Key highlights of Trident's strategy include:

·	Building upon a royalty and streaming portfolio which broadly mirrors the commodity exposure of the global mining sector (excluding fossil fuels) 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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