Trident Royalties PLC Announces Holding in Company

Trident Royalties PLC Announces Holding in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BF7J2535

Issuer Name

TRIDENT ROYALTIES PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Bank of America Corporation

City of registered office (if applicable)

Country of registered office (if applicable)

US

4. Details of the shareholder

Name

City of registered office

Country of registered office

Merrill Lynch International

London

United Kingdom

5. Date on which the threshold was crossed or reached

23-Aug-2024

6. Date on which Issuer notified

26-Aug-2024

7. Total positions of person(s) subject to the notification obligation


% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

5.917270

0.473592

6.390862

18730298

Position of previous notification (if applicable)

5.261963

0.473592

5.735555


8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BF7J2535


17342298


5.917270

Sub Total 8.A

17342298

5.917270%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

Right to Recall

N/A

N/A

8000

0.002730

Sub Total 8.B1


8000

0.002730%

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

Swaps

31/07/2026

N/A

Cash

1380000

0.470862

Sub Total 8.B2


1380000

0.470862%

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bank of America Corporation

Merrill Lynch International

5.917270


5.920000%

Bank of America Corporation

Bank of America, National Association




10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

26-Aug-2024

13. Place Of Completion

United Kingdom

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Trident Royalties PLC



View the original press release on accesswire.com

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Cancellation of Trident Shares to Trading on AIM

Cancellation of Trident Shares to Trading on AIM

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

On 13 June 2024, the boards of Deterra Global Holdings Pty Ltd ("Bidco") and Trident Royalties PLC ("Trident") announced that they had agreed the terms of a recommended cash acquisition of Trident by Bidco pursuant to which Bidco will acquire the entire issued and to be issued share capital of Trident (the "Acquisition") to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). The circular in relation to the Scheme was published on 4 July 2024 (the "Scheme Document

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

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On 13 June 2024, the boards of Deterra Global Holdings Pty Ltd ("Bidco") and Trident Royalties PLC ("Trident") announced that they had agreed the terms of a recommended cash acquisition of Trident by Bidco pursuant to which Bidco will acquire the entire issued and to be issued share capital of Trident (the "Acquisition") to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). The circular in relation to the Scheme was published on 4 July 2024 (the "Scheme Document

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Trident Royalties PLC Announces Holding in Company

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TR-1: Standard form for notification of major holdings

1. Issuer Details
ISIN

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Trident Royalties PLC Announces Holding in Company

Trident Royalties PLC Announces Holding in Company

TR-1: Standard form for notification of major holdings

1. Issuer Details
ISIN

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Vertex Minerals Limited  Appoints GM Operations Hill End

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Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the appointment of Mr Chris Hamilton as the General Manager Operations for the Hill End Reward Gold Mine in NSW Australia. Mr Hamilton will commence with Vertex on the 11th of November 2024, reporting to the Executive Chairman. The General Manager Operations will be responsible for the operational readiness of the Reward Gold Mine and the transition from development to operations. The role includes responsibility for - Ensuring the operation complies with all statutory, regulatory and Licence obligations which apply to the operations - particularly in relation to WHS and environmental requirements.

- Ensuring the operation complies with all corporate policies or guidelines particularly in relation to finance, administration and reporting.

- Developing annual budgets designed to achieve optimal financial and production outcomes and once approved manage the operation to achieve or better those outcomes.

- Developing and maintaining a positive workplace culture that delivers professionalism, efficiencies and high performance with all employees contributing to the success of the operation.

- Ensuring that the operation is regarded positively and maintains effective relationships within the local Hill End community and the various government authorities that regulate the operation.

- Providing effective leadership and management of the operation's team for it to achieve the best possible production, cost, safety and environmental performance

- Developing medium to longer term strategies to increase production, revenues and profitability.

Recent roles include:

Mine manager Aeris Resources, Tritton Operations

Responsibly for tech services and MEM for underground operations at Tritton, a deep underground trucking mine. Managing development of new orebody at Avoca Tank with Contractor and Murrawombie mine operations in flat dipping graphitic stopes.

Mine manager Aurelia, Hera Mine

MEM for Hera Operations at Underground Modified Avoca with contractor workforce, achieving 1 year Injury free.

Operations Superintendent, Acting MEM, Safety and Compliance Advisor Aurelia, Peak Gold Mines Working with the MEM through managing site contractor to achieve safe production.

Mine manager Glencore, CSA Mine

MEM Statutory responsibility for 1.8km deep, 1.2Mt Underground Copper mine with 400 underground employees. Acting General Manager during this period when required. Achieved record Cu production in '16 and '17 and achieved record reduction in TRIFR on site.

Examiner for NSW Resource for Regulator - Mining Engineering Manager (2020 to present) and NSW Underground Supervisor (2018 to present)

Mr Hamilton holds a Bachelor of Engineering (Mining Engineering) with Honors, University of South Australia, and has additional qualifications including First Class Mine Manager (NSW) Metalliferous - Unrestricted

Commenting on the appointment, Vertex Executive Chairman Roger Jackson said:

"We're pleased to welcome Chris to the Vertex team, his extensive underground hard rock mining, operations and leadership experience can only bode well for the success of the High Grade Reward Gold Mine. "

*To view mineral resources figures, please visit:
https://abnnewswire.net/lnk/936Y4I2U



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Vertex Minerals Limited  Placement and Convertible Loan to Further Advance Reward

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HIGHLIGHTS:

- Firm commitments have been received for a strategic placement to an existing investor to raise $1.10M (before costs) at an issue price of $0.16 per share (Placement).

- Placement proceeds will be further augmented by loan funding of $0.98M, under a convertible facility agreed with institutional / sophisticated investors (Loan). Subject to shareholder approval Loan funds will be converted to fully paid ordinary shares at an issue price of $0.16 per share.

- Proceeds are intended to be applied towards the acquisition of an Ore Sorter and the associated conveyance equipment, purchase of an Underground Drill Rig and working capital.

Vertex's Executive Chairman, Roger Jackson commented: "We are very pleased to have the support of a strategic investor in this placement along with some of our very supportive existing shareholders backing the convertible loan. The funds will be used to acquire a laser Ore Sorter which will be integrated into the Gekko gravity gold plant along with an underground drill rig.

The drill will be focussed on the high-grade targets below and along strike of the high-grade gold resource at Reward. We wish to build our gold inventory from within our Reward mine. We are on track with the plant refurbishment and preparations to move the Reward mine into production in January 2025" Placement Details.

The Placement will comprise the issue of up to 6,900,000 new fully paid ordinary shares at an issue price of $0.16 per share. Subject to shareholder approval, the placement participant will also receive three (3) free attaching options for every five (5) shares. The options will be on the same terms a existing VTXOA options, which have an exercise price of 25c per share and an expiry date of 17/07/2026 (VTXOA Options).

Loan Details

Loan funds are expected to be $976,000 and the Company intends to seek approval for conversion of the Loan at the Company's 2024 AGM, to be held on 29 November 2024. Upon approval by shareholders, loan funds will be automatically converted into fully paid ordinary shares at a conversion price of $0.16 per share, with two (2) free attaching VTXOA Options for every five (5) shares issued on conversion. If not converted, Loan funds will accrue interest at 10% per annum and fall due for repayment on maturity 12 months after receipt.

Shareholder Meetings

The Company expects shortly to despatch a notice of meeting for a General Meeting to be held on or around 8 November 2024 to seek ratification of recent share issues as well as approval for the second tranche of shares under the Company's placement announced on 21 August 2024 and associated issues of options.

Separately, the Company expects to hold its 2024 Annual General Meeting on 29 November 2024, at which it is intended that business will include the seeking of shareholder approval to approve the conversion of the Loan as well as associated option issues.

CPS Capital Group (CPS) acted as lead manager to the Capital Raising.

- CPS and/or its Nominees will receive a management fee of 2% of the total gross proceeds of the Placement and Loan financing for managing the Capital Raising.

- CPS will receive a placing fee of 4%, plus GST. By negotiation CPS may be liable to pay a placing fee to parties, of up to 4%, plus GST for funds raised in the Capital Raising.

- Subject to Shareholder Approval, CPS and/or its Nominees will receive 1,500,000 VTXOA Options to be issued at $0.00001 per option.

- CPS will receive a one-off completion fee of $20,000 plus GST upon completion of the Placement.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/784UZHT1



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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