Trident Royalties Announces Results of Court Meeting and General Meeting
The Board of Trident Royalties Limited (Trident or the Company) is pleased to announce the results of the Court Meeting and the General Meeting held today, July 29, 2022, in connection with the proposed acquisition of Royalco Resources Limited (Royalco) by Trident.
The Court Meeting was convened to seek approval from Royalco shareholders in relation to the Court approved scheme of arrangement under the Australian Corporations Act 2001. Trident is delighted to confirm that the scheme of arrangement was approved by the requisite majorities of Royalco shareholders present and voting at the Court Meeting. This marks a significant milestone in the proposed acquisition process, demonstrating strong support for the transaction from Royalco shareholders.
Additionally, the General Meeting was held to seek approval from Trident shareholders for certain matters related to the acquisition of Royalco. Trident is pleased to announce that all resolutions put to the General Meeting were passed by the requisite majorities of Trident shareholders present and voting. This positive outcome reflects the confidence and trust that Trident shareholders have in the strategic rationale behind the acquisition and the potential value it will create for all parties involved.
Justin Farr-Jones, CEO of Trident Royalties, commented on the results, stating, We are pleased with the overwhelming support received from both Royalco and Trident shareholders for the proposed acquisition. This transaction represents a significant step forward for Trident as we continue to enhance our asset portfolio and grow our presence in key markets. We are excited about the opportunities that the acquisition of Royalco will bring and remain committed to delivering value for our shareholders.
The acquisition of Royalco represents a compelling opportunity for Trident to expand its asset base and diversify its portfolio across multiple jurisdictions. Royalco’s high-quality portfolio of royalties and streams is expected to complement Trident’s existing assets and provide a platform for further growth and value creation. Through this acquisition, Trident aims to strengthen its position as a leading royalty and streaming company in the mineral resources sector.
In conclusion, the successful outcome of both the Court Meeting and the General Meeting underscores the strong support and confidence that stakeholders have in Trident’s strategic direction and growth plans. The acquisition of Royalco is a transformative event for Trident and is expected to unlock significant value for shareholders in the long term. Trident remains focused on executing its growth strategy and building a diversified portfolio of high-quality royalties and streams to drive sustainable value creation for all stakeholders.
