Non-Executive Director Appointment

RNS Number : 3644Z

Trident Royalties PLC.

18 September 2020

 

18 September 2020

Trident Royalties Plc

("Trident" or the "Company")

Non-Executive Director Appointment

Trident Royalties Plc (AIM:TRR, FSX:5KV), the growth-focused, diversified, mining royalty and streaming company, is pleased to announce the appointment of Helen Pein as an Independent Non-Executive Director of the Company with immediate effect.

Helen is a highly experienced economic geologist with a career that has spanned over 30 years and encompasses multiple commodities and geographies.  During her career, Helen has been part of the executive teams directly responsible for the discovery and evaluation a number of world class mineral deposits. These include the Burnstone, Buzwagi and Tulawaka gold mines, the Corridor Sands and Kwale mineral sands deposits and the Bisie Tin mine. 

Helen is currently a director of Pan Iberia Ltd. (UK) and a founder member of Panex Resources Pty. Ltd. (Mauritius and South Africa) a private company focusing on discovering and developing global mining projects. Helen was formerly a director and shareholder of Pangea Exploration (Pty) Ltd for 20 years.  From 2012, Pangea was affiliated to Denham Capital International, a leading global mining private equity fund, providing asset analysis and technical evaluation of mining investments in Africa.  Prior to this Helen worked in Gencor's exploration division.

Helen is a Fellow of the Geological Society of South Africa and member of the International Society for Economic Geologists. She is a recipient of the Gencor Geology Award and holds a B.Sc. Geoscience and a B.Sc. Geology (Hons) (Cum Laude), from the University of Stellenbosch SA.

Helen will join the Company's Nomination and Remuneration Committees. 

In conjunction with Helen joining the board of Trident, the composition of board committees has been revised resulting in the following:

· Audit and Risk Committee: Mark Potter (Chair), Al Gourley and James Kelly

· Nominations Committee: James Kelly (Chair), Helen Pein and Mark Potter

· Remuneration Committee: Al Gourley (Chair), James Kelly and Helen Pein

James Kelly, Non-Executive Chairman of Trident commented:

"I am delighted that Helen will be joining the Board of Trident.  Helen brings a wealth of experience in both greenfield and brownfield geology across an array of commodities and which has been earned in both the corporate and private equity environments.  I believe that with this breadth of experience and extensive industry network, Helen brings a unique set of qualities that will significantly add to the Board's expertise and will be critical as we continue to grow Trident into a global, diversified, mining royalty and streaming company."

Further information

Helen Ruth Pein, aged 58, is, or has been, a director or partner of the following companies or partnerships during the past five years: 

Current directorships and/or partnerships	Past directorships and partnerships (past 5 years)
Pan Iberia Ltd (UK)	Pangea Exploration Pty Ltd
Panex Resources Pty Ltd (SA)

Helen Pein does not hold any legal or beneficial direct or indirect interest in the securities of the Company.

There is no further information required to be disclosed in respect of the above appointments pursuant to Rule 17 or Schedule 2 (g) of the AIM Rules for Companies.

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 Joint Broker) Richard Greenfield	www.tamesispartners.com [phone]
Shard Capital Partners LLP (Joint Broker) Erik Woolgar / Isabella Pierre	www.shardcapital.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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