REG - Trident Royalties Deterra Royalties - Form 8 (OPD) Trident Royalties plc

Trident RoyaltiesAnnouncement

21/06/2024 13:30

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RNS Number : 4450T  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          N/A
 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.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  TRIDENT ROYALTIES PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEREE
 (e) Date position held:                                                         20 June 2024

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          N/A
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "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  Nil                 Nil
 purchase/sell:
                                                                      Nil                 Nil

      TOTAL:

 

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

 

 

* 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 +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

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