Trident Royalties PLC. Appointment of Chief Financial Officer (0176E)
November 03 2020 - 1:00AM
UK Regulatory
TIDMTRR
RNS Number : 0176E
Trident Royalties PLC.
03 November 2020
3 November 2020
Trident Royalties Plc
Appointment of Chief Financial Officer
Trident Royalties Plc ("Trident" or the "Company") (AIM: TRR,
FSX: 5KV) is pleased to announce the appointment of Martin Page as
Chief Financial Officer ("CFO") with effect from 3 November
2020.(1)
Martin Page, 44, has over 10 years' experience in the natural
resources sector, most recently as CFO of Toro Gold Limited
("Toro"), a private equity backed West African gold producer which
was sold to Resolute Mining in July 2019 for US$300m.
Martin was a member of Toro's senior executive team that guided
the Group through the latter stages of its development and
subsequent divestment. Prior to Toro, he held roles as the CFO at
Curzon Resources, a private natural resources investment firm, and
as the Head of Finance at Amara Mining plc, a West African gold
operator. He has extensive experience developing and leading
finance functions in both the capital and private markets.
Martin began his career in practice and is a qualified Chartered
Accountant with over 15-years post qualification experience .
Adam Davidson, Chief Executive Officer of Trident commented:
"I am delighted to welcome Martin to the management team and
look forward to working closely with him. His appointment is an
excellent addition to the high-calibre, dynamic and experienced
executive team we have in place, working to execute on Trident's
strategy. Whilst initially tasked with bringing Trident's finance
function in-house, Martin will also provide valuable support to the
investment team as Trident continues to add to its portfolio of
royalties."
(1) Note that the CFO position is a non-board role.
** Ends **
Contact details:
Trident Royalties Plc www.tridentroyalties.com
Adam Davidson +1 (757) 208-5171
Grant Thornton (Nominated Adviser) www.grantthornton.co.uk
Colin Aaronson / Seamus Fricker +44 020 7383 5100
-------------------------
Tamesis Partners LLP (Financial www.tamesispartners.com
Adviser and Joint Broker) +44 203 882 2868
Richard Greenfield
-------------------------
Shard Capital Partners LLP (Joint www.shardcapital.com
Broker) +44 207 186 9927
Erik Woolgar / Isabella Pierre
-------------------------
Yellow Jersey (Public Relations) www.yellowjerseypr.com
Charles Goodwin +44 203 004 9512
-------------------------
About Trident
Trident is a growth-focused, diversified mining royalty and
streaming company, providing 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:
-- Building 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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