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?
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OFFEREE
|
|
(e) Date position
held:
The latest practicable date
prior to the disclosure
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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
|
|
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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
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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
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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
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0.07%
|
|
Leslie
Stephenson
|
4,000
|
0.001%
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* 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
|
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Supplemental Form 8
(SBL)
|
NO
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Date of disclosure:
|
21 June
2024
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Contact name:
|
Ben
Harber
|
Telephone number:
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0207 264
4366
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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.