Trident Royalties Acquired by Deterra

Trident Royalties (GB:TRR) has released an update.

Trident Royalties Plc, a diversified mining royalty company, has agreed to an all-cash acquisition by Deterra Global Holdings Pty Ltd, offering shareholders a 42% premium at 49 pence per share, valuing Trident at approximately £144 million. The deal, approved by shareholders and backed by court-sanctioned scheme arrangements, marks a significant return of 145% since Trident’s IPO in 2020. Furthermore, Trident reported a Q2 2024 net income of US$2.65 million despite a net debt position of US$22.8 million.

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