Trident Royalties PLC Announces Holding(s) in Company

Rhea-AI Summary

Trident Royalties PLC (TDTRF) announced a significant change in its shareholding structure on August 28, 2024. Bank of America reported crossing a threshold, increasing its total voting rights to 6.66% from a previous 6.39%. This change resulted from an acquisition of voting rights, with the new position including 6.19% of voting rights attached to shares and 0.47% through financial instruments. The notification details that Merrill Lynch International, controlled by Bank of America , holds 18,131,844 indirect voting rights, equivalent to 6.19% of the total. Additionally, the company has financial instruments, including a right to recall and swaps, accounting for the remaining voting rights percentage.

Positive

• Increased institutional investor interest, with Bank of America raising its stake to 6.66%
• Majority of voting rights (6.19%) held through direct share ownership, indicating confidence in the company

Negative

• None.

LONDON, UNITED KINGDOM / ACCESSWIRE / August 28, 2024 / 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

27-Aug-2024

6. Date on which Issuer notified

28-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	6.186667	0.473592	6.660259	19519844
Position of previous notification (if applicable)	5.917270	0.473592	6.390862

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		18131844		6.186667
Sub Total 8.A	18131844		6.186667%

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	6.186667		6.189396%
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

28-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

FAQ

What percentage of Trident Royalties PLC (TDTRF) does Bank of America now own?

As of August 27, 2024, Bank of America owns 6.66% of the total voting rights in Trident Royalties PLC (TDTRF), including both shares and financial instruments.

How many shares of Trident Royalties PLC (TDTRF) does Merrill Lynch International hold?

Merrill Lynch International holds 18,131,844 indirect voting rights in Trident Royalties PLC (TDTRF), which represents 6.19% of the total voting rights.

When did Bank of America cross the reporting threshold for Trident Royalties PLC (TDTRF)?

Bank of America crossed the reporting threshold on August 27, 2024, and notified the issuer on August 28, 2024.

What types of financial instruments does Bank of America hold in Trident Royalties PLC (TDTRF)?

Bank of America holds a right to recall and swaps as financial instruments in Trident Royalties PLC (TDTRF), accounting for 0.47% of the voting rights.