Form 8 (OPD) Trident Royalties plc

Trident Royalties PLC

21 June 2024

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	TRIDENT ROYALTIES PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	TRIDENT ROYALTIES PLC
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	20 June 2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary shares of £0.01 each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil		Nil
(2) Cash-settled derivatives:	Nil		Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil		Nil
TOTAL:	Nil		Nil

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	Nil
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(a)  Interests in Trident Royalties Plc ("Trident") securities held by the directors of Trident and their close relatives and related trusts Class of relevant securities: Ordinary shares of £0.01 each Name Number of Trident securities held Percentage of issued share capital Adam Davidson 660,500* 0.23% Richard Hughes 1,000,000** 0.34% Peter Bacchus 237,171*** 0.08% Helen Pein 139,593 0.05% David Reading 192,390 0.07% Leslie Stephenson 4,000 0.001% * 551,500 Trident Shares are held by Adam Davidson. The remaining 109,000 Trident Shares are held by a close relative of Adam Davidson. ** 707,000 Trident Shares are held by Richard Hughes. The remaining 293,000 Trident Shares are held by close relatives of Richard Hughes. *** 61,140 Trident Shares are held directly by Peter Bacchus and175,000 Trident Shares are held by Bacchus Capital Advisers. The remaining 1,031 Trident Shares are held by a close relative. (b)  Options in Trident shares held by the directors of Trident and their close relatives and related trusts Class of relevant securities: Ordinary shares of £0.01 each Name Scheme Number of Trident shares under option Exercise Price Grant Date Vesting Date Expiry Date Adam Davidson Trident Share Scheme 625,000 20p 2 June 2020 2 June 2022 2 June 2026   Adam Davidson Trident Share Scheme 625,000 24p 2 June 2020 2 June 2023 2 June 2026 Adam Davidson Trident Share Scheme 625,000 28p 2 June 2020 2 June 2024 2 June 2026 Adam Davidson Trident Share Scheme 225,000 37p 20 April 2021 20 April 2024 20 April 2028 Adam Davidson Trident Share Scheme 3,150,000 50p 1 February 2022 Annually on 31 Dec, beginning in 2022 through 2026 (equal tranches) 1 February 2029 Richard Hughes Trident Share Scheme 1,600,000 50p 20 September 2022 20 September 2029 20 September 2029

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	21 June 2024
Contact name:	Ben Harber
Telephone number:	0207 264 4366

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END