Trident Royalties PLC Announces Holding(s) in Company
Rhea-AI Summary
Trident Royalties PLC (TDTRF) announced a significant change in shareholding on August 23, 2024. Bank of America reported crossing a threshold in its holdings of Trident Royalties on August 22, 2024. The resulting situation shows Bank of America holding 5.26% of voting rights attached to shares and 0.47% through financial instruments, totaling 5.74% of voting rights in the issuer. This represents a decrease from the previous notification of 6.40% total voting rights. The majority of the voting rights (5.26%) are held indirectly through Merrill Lynch International. The notification also includes details on financial instruments, including a right to recall and swaps, contributing to the overall position.
Positive
- Bank of America maintains a significant 5.74% stake in Trident Royalties PLC
- The holding includes both direct voting rights and financial instruments, showing diverse investment strategies
Negative
- Bank of America 's total voting rights in Trident Royalties PLC decreased from 6.40% to 5.74%
News Market Reaction 1 Alert
On the day this news was published, TDTRF gained 2.41%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UNITED KINGDOM / ACCESSWIRE / August 23, 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
22-Aug-2024 |
6. Date on which Issuer notified
23-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 | 5.261963 | 0.473592 | 5.735555 | 16809728 |
Position of previous notification (if applicable) | 5.922669 | 0.473592 | 6.396261 |
|
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 |
| 15421728 |
| 5.261963 |
Sub Total 8.A | 15421728 | |||
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 | ||
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 | |||
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 | Bank of America, National Association |
|
|
|
Bank of America Corporation | Merrill Lynch International | 5.261963 |
| 5.264692 |
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
23-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 is the current percentage of voting rights held by Bank of America in Trident Royalties PLC (TDTRF)?
How has Bank of America 's position in Trident Royalties PLC (TDTRF) changed?
Which entity holds the majority of Bank of America 's voting rights in Trident Royalties PLC (TDTRF)?
What types of financial instruments does Bank of America hold in relation to Trident Royalties PLC (TDTRF)?
