Trident Royalties PLC Announces Holding(s) in Company

Rhea-AI Summary

Trident Royalties PLC (AIM:TRR)(OTCQX:TDTRF) announced a significant change in shareholding on August 21, 2024. Bank of America reported crossing a threshold on August 20, 2024, with a resulting position of 5.26% voting rights attached to shares and 0.47% through financial instruments, totaling 5.74% of voting rights. This represents a decrease from the previous notification of 6.41%. The majority of voting rights are held indirectly through Merrill Lynch International. The notification also details financial instruments, including a right to recall and swaps, contributing to the overall position.

LONDON, UNITED KINGDOM / ACCESSWIRE / August 21, 2024 / Trident Royalties PLC (AIM:TRR)(OTCQX:TDTRF)

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

20-Aug-2024

6. Date on which Issuer notified

21-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	0.470862	5.735555	16809728
Position of previous notification (if applicable)	5.937203	0.473592	6.410795

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		5.261963%

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	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

21-Aug-2024

13. Place Of Completion

United Kingdom

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SOURCE: Trident Royalties PLC

View the original press release on accesswire.com

FAQ

What is the new total voting rights position of Bank of America in Trident Royalties PLC (TDTRF)?

As of August 20, 2024, Bank of America 's total voting rights position in Trident Royalties PLC (TDTRF) is 5.74%, consisting of 5.26% voting rights attached to shares and 0.47% through financial instruments.

How has Bank of America 's position in Trident Royalties PLC (TDTRF) changed compared to its previous notification?

Bank of America 's position has decreased from 6.41% in the previous notification to 5.74% in the current notification, representing a reduction in their overall voting rights in Trident Royalties PLC (TDTRF).

What financial instruments does Bank of America hold in relation to Trident Royalties PLC (TDTRF) as of August 20, 2024?

Bank of America holds a right to recall for 0.003% of voting rights and swaps expiring on July 31, 2026, representing 0.47% of voting rights in Trident Royalties PLC (TDTRF).

Through which entity does Bank of America primarily hold its voting rights in Trident Royalties PLC (TDTRF)?

Bank of America primarily holds its voting rights in Trident Royalties PLC (TDTRF) through Merrill Lynch International, which is based in London, United Kingdom.