Trident Royalties plc’s Post

Trident Royalties plc's new US$40 million credit facility should result in result in interest savings of up to US $1.3m per annum plus giving scope for future acquisition through the accordion, says Stifel. “The expanded debt facility, combined with cash of roughly US$18m as of year-end, could enable Trident to pursue more transformational acquisitions with clearer visibility on near-term revenue,” said the broker. Elsewhere, the Sonora royalty continues to face challenges, adds the broker. “We had already excluded Sonora from our estimates but previously ascribed US$45.8m of value to the royalty. “As such, extending the long-stop date and maintaining exposure to any potential upside remaining as decisions are rendered on the tenure of the royalty and project concessions appears sensible.” More at #Proactive #ProactiveInvestors http://ow.ly/wxOB105irMo #AIM #OTCQX #TRR #TDTRF

Disputes in the corporate world are common, often arising when disagreements over strategy, governance, or management begin to fester. When the boardroom turns into a battleground, shareholders may find themselves sidelined, watching as the company they invested in spirals into conflict or mismanagement. Thankfully, shareholders are not powerless in these situations. I recently wrote an article exploring the legal remedies available to shareholders when disputes with their fellow shareholders or even the company itself threaten their interests and the company's future. #CorporateLaw #ShareholderRights #ShareholderProtection #CorporateGovernance #LegalRemedies #Disputes

Do you have a shareholder agreement? Is it funded or unfunded? it's all very well having them in place but don't forget there is a financial implication to shareholder agreements and unless you are a cash rich company implementing them could be a problem #businessadvisory #shareholders #businessprotection

As a shareholder, what are your options if you have a dispute against the company or the other shareholders? Corporate Associate, Natalie Colclough, summarises the key claims you might be able to bring.  Read more 👇 https://lnkd.in/eJ56SDWF #LifecycleOfABusiness #CorporateLaw #Shareholders #ForstersLLP

Congratulations to Yang Ge, Olivia Lai, Mengge (Vera) Chen and 沈燕子 at DLA Piper advising Lucas GC Limited on its IPO. read more on Global Legal Chronicle powered by PBV Monitor

Kirk Kapital acquires DOT A/S following a sale process advised by Clearwater Denmark (corporate finance) on the sell-side and by Bruun & Hjejle Advokatpartnerselskab (legal) on the buy-side. The process was closely followed by NKP | M&A Insights since August 2023. Congratulations to all parties involved. #mergersandacquisitions #deals #nordics #privateequity #investmentbanking

In the News: Realty Income Closes Merger with Spirit Realty Capital 🌟 Discover the latest in the world of Corporate Law! Check out this insightful piece. 💡🌍 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, has closed on the previously announced merger with Spirit... 🔗 [Learn more: https://lnkd.in/dexuR6ps] #Legal #Corporate #Business #Law

Ogier's Corporate law team advised Launch Two Acquisition Corp, a Cayman incorporated SPAC, on its US$230 million initial public offering on Nasdaq. The Cayman team was led by partners Brad Kruger and Tommy Tuohy, with support from senior associate Marcus Hallan and associate Wray Sulisz. Ogier's Cayman team's work in the SPAC field continues to go from strength to strength. In 2023 alone, they advised on SPAC listings and subsequent de-SPACs totalling more than US$7 billion. Link in comments below to learn more 👇. #Corporate #CorporateLaw #SPAC #IPO #Nasdaq

Large shareholders absent, Viet Tin Securities fails to hold extraordinary shareholders’ meeting Specifically, according to the meeting minutes, the Company has 3 shareholders representing 13.8 million shares. However, only 1 shareholder, Ms. Hoang Ngan Ha, owns 6.9 million shares, accounting for 50% of the participating capital. This attendance rate is not a requirement under the law and the company’s charter, so this extraordinary general meeting cannot be held. The meeting aims to present and approve content such as adding the title of director, the company’s draft charter. As of January 12, 2024, the list of shareholders of VTSS includes Ms. Hoang Ngan Ha (owning 50%), Minh Thanh Travel Joint Stock Company (owning 49%), and Mr. Nguyen Duc Viet (owning 1%). The company has directly invited all 3 shareholders. In 2023, VTSS continuously recorded fluctuations in shareholders. Ownership fluctuations at VTSS in 2023 Source: Compiled by the author On July 17, 2023, two institutional shareholders, Vietnam Land Company Limited (owning 25.22% of capital) and Viet Tin Financial Investment Joint Stock Company (9.9%), transferred all their owned capital to Mr. Nguyen Anh Dat. After the transaction, Mr. Dat owns 40.39% of VTSS capital. Next, on October 18, Ms. Nguyen Xuan Nhi transferred her shares to the two remaining shareholders, Ms. Hoang Ngan Ha and Mr. Nguyen Anh Dat. After the transaction, Ms. Nhi only holds 1% of VTSS capital. Regarding the relationship between these three shareholders, Mr. Dat and Ms. Ha are married, while Ms. Nhi is their daughter. By December 7, 2023, Mr. Dat and Ms. Nhi are no longer shareholders of VTSS. The replacements are Minh Thanh Travel Joint Stock Company and Mr. Nguyen Duc Viet. According to the research of the author, Minh Thanh Travel is a company related to Minh Thanh Dong Nai Joint Stock Company, the owner of the Minh Thanh Dong Nai project. This is a project related to the asset misappropriation case of Tran Qui Thanh, the Chairman of Tan Hiep Phat Mr. Thanh). VTSS was established in 2006 with a charter capital of 50 billion VND. As of the end of 2023, the company’s charter capital is 138 billion VND. The company accumulated a loss of over 48 billion VND, deep into the owner’s equity. Total assets as of the end of 2023 are only over 90 billion VND. Throughout 2023, the company only earned 2.4 billion VND in business activities, with 99% coming from brokerage revenue. After deducting brokerage and management costs, the company reported a loss of nearly 1.6 billion VND. Business results of VTSS in the period from 2017 – 2023 Yen Chi The post Large shareholders absent, Viet Tin Securities fails to hold extraordinary shareholders’ meeting appeared first on xe.today.

We're excited to announce the launch of our combined Shareholders' Agreement and Company Constitution bundle https://lnkd.in/gDet_hF7! Get both documents done answering one set of questions about your business, all for $625 (compare that to your lawyer's quote ;)). Sit down with your fellow shareholders over lunch and set the rule book - from what happens if one of you wants out to director powers and board meeting rules. There are many issues you'll encounter owning a business with others, you won't always be on the same page but having an agreed approach to the big issues will help you work it through. And just remember - without a shareholders' agreement, any shareholder can sell its shares to any other person/business at any time! Keep control of who you're in business with. #nzcompany #nzlegals #shareholders #constitution