Trident Royalties PLC Announces Update on Scheme Timetable Trident Royalties PLC, a resource royalty company that acquires and manages mining royalties, has recently announced an update on its Scheme Timetable. The Scheme of Arrangement was initially proposed by Trident on April 27, 2022, as a means to acquire the entire issued share capital of Trident. The Scheme has now progressed to the next stage with a revised timetable outlined to ensure a smooth and efficient process. The key points of the updated Scheme Timetable include the following: 1. Court Sanction Date The Scheme is expected to be considered at the Court Hearing scheduled for May 24, 2022. At this hearing, the Court will review the Scheme and, if satisfied, will sanction it. This is a crucial step in the process as it marks the formal approval of the Scheme. 2. Effective Date of the Scheme Assuming the Court sanctions the Scheme, the Effective Date is expected to be May 26, 2022. This is when the Scheme becomes legally effective, and the acquisition of Trident Royalties PLC by Trident is completed. Shareholders should take note of this date as it marks the commencement of the new ownership structure. 3. Consideration Payment Date The Consideration Payment Date is anticipated to occur on June 1, 2022, provided that all conditions precedent have been satisfied or waived. This is when the consideration for the acquisition of Trident Royalties PLC will be paid out to eligible shareholders who have accepted the Scheme. 4. Dealing in Shares During the period between the Court Sanction Date and the Effective Date of the Scheme, dealing in Trident Royalties PLC shares will be suspended. This is a common practice during such corporate actions to ensure an orderly process of transition. 5. Shareholder Approval Trident has emphasized the importance of shareholder approval in this process. A court meeting and a general meeting of shareholders were held on May 18, 2022, to vote on the Scheme. The outcome of these meetings will be critical in determining the success of the acquisition. 6. Further Updates Trident has assured that further updates on the Scheme's progress will be provided as necessary. Shareholders and other stakeholders are encouraged to stay informed by keeping an eye on announcements from Trident Royalties PLC regarding the Scheme. In conclusion, the update on Trident Royalties PLC's Scheme Timetable signifies a significant milestone in the acquisition process. The revised timetable outlined by Trident aims to ensure a streamlined and efficient transition of ownership. Shareholders and other interested parties are advised to take note of the key dates mentioned and stay informed about further developments in this acquisition deal.