REG - Tiger Royalties&Invs - Acquisition completion, Board changes, PDMR shares
09/01/2025 07:00
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RNS Number : 6583S Tiger Royalties and Investments PLC 09 January 2025
9 January 2025
Tiger Royalties and Investments Plc
("Tiger" or "the Company")
Completion of acquisition of Bixby Technology, Board changes, & Directors
dealings
Tiger Royalties and Investments PLC further to its announcements of 6 January
2025 and 20 December 2024 is pleased to announce:
· the admission today of the 3,866,479,165 new ordinary shares
announced on 6 January 2025 ("Admission"), and consequently the completion of
the acquisition of Bixby Technology Inc ("Bixby Technology"); and
· Jonathan Bixby and Brian Stockbridge have today joined its Board of
Tiger which will allow the Company to execute its new broadened Investing
Policy approved at the Company's general meeting on 6 January 2025.
All terms defined in the 20 December 2024 announcement (the "20 December 2024
Announcement") have the same meaning in this announcement unless indicated to
the contrary.
Bixby Technology will be focused on identifying technology enterprises to
invest in and incubate by providing incubation services and mentorship to
technology entrepreneurs. Bixby Technology will be targeting new fast growth
technology products and projects in return for project participation in line
with the previous carry interest mechanics of Tiger under its existing
Investing Policy. The carried interest provided to Bixby Technology may
therefore involve equity, securities, memecoins and other form of beneficial
interests or digital assets.
Jonathan Bixby has joined the Board as an Executive Director Head of
Technology Projects, Brian Stockbridge has been appointed as an additional
independent non-executive director to support both the new technology
investment strategy and governance with effect from Admission and Michael
Nolan, currently a non-executive director, has resigned.
Colin Bird, Executive Chairman commented
"The Tiger Board look forward to working with Jonathan to enhance shareholder
value as he and his team develop Bixby Technology as a tech incubator within
the scope of Tiger's broadened investing policy. I would also like to thank
Michael Nolan on behalf of myself and the Board for his wise counsel and
support of the Company over the several years he has been a director of the
Company and to wish him well in his future endeavours."
The following additional information is provided in accordance with paragraph
(g) of Schedule Two of the AIM Rules for Companies in relation to Jonathan
Bixby and Brian Stockbridge's appointment as directors with effect from
Admission.
Jonathan Bixby was a founder and major investor in Argo Blockchain (ARB),
Guild Esports (GILD) and Cellular Goods (CBX) - all listed on the London Stock
Exchange. Jonathan is also the Chairman of File Forge Technology PLC, Kondor
AI PLC and Cykel AI PLC listed on the AQUIS market. As well as AQUIS listed
Phoenix Digital Assets (formerly NFT Investments) Jonathan has extensive
experience in technology companies and capital raising and has agreed to join
Tiger as a key stakeholder and executive director. Jonathan has agreed that
the current pipeline of Technology Incubation Projects which he has been
developing and which fit within the new Investing Policy will be developed by
Bixby Technology which as a newly formed company otherwise has no assets and
liabilities and no trading results.
Brian Stockbridge has over 20 years experience in corporate finance, including
direct investments and financing into companies, IPOs, capital raisings and
mergers and acquisitions for both public and private companies. He has held
board positions on several public and private companies throughout his career,
most notably with Rangers Football Club and Allegiance Insurance. Brian has
also held director and management positions with Zeus Capital, Allenby
Capital, Noble & Company and Grant Thornton. He served as a Regulator for
the Panel on Takeovers and Mergers, where he presided over a large number of
transactions.
Jonathan Franklin Bixby, aged 47
Present Directorships Past Directorships (within the last 5 years)
Cykel AI Developments Limited Punter Finance PLC
Cykel AI PLC Ora Technology PLC
Kondor AI PLC Motto Technologies PLC
CRBN Technologies Limited Supernova Digital Assets PLC
Phoenix Digital Assets PLC Guild Esports PLC
File Forge Technology PLC Blue Mesa Health Inc.
Toro Consulting Ltd Dynasty Gaming & Media Pte Ltd
Possibilities Training Group Ltd East Side Games Group Inc
Ecoation Innovative Solutions Inc. Hack Capital Ventures Inc
Carbon Technology Inc DarkVision Technologies Inc
Paidia eSports Inc ALAViDA Health Ltd
Stanley Park Ventures 2017 Financial Ltd
Stanley Park Ventures Ltd
Haymarket Investments Inc
Kahle Ohana Holdings Inc
With effect from Admission and completion of the Toro Subscription, Mr Bixby
through his interest in Toro will be interested in i) 325,000,000 ordinary
shares in the capital of the Company, representing approximately 7.38 per
cent. of the Company's issued ordinary share capital as enlarged at Admission;
and ii) 325,000,000 warrants with each warrant giving the right to subscribe
for a new ordinary share in the Company at a price of 0.1 pence per share
(being the Fundraising Price) for 24 months from Admission
Brian Stockbridge, aged 51
Present Directorships Past Directorships (within the last 5 years)
Guild eSports PLC MC (Charlotte Street) Limited
First Sentinel Corporate Finance Limited Capable Lending plc
Omni Egis Limited First Sentinel Wealth Limited
First Sentinel Corporate Services Limited Allegiance Insure Limited
New Leaf Capital Limited
Capable Finance Limited
Dark Horse Family Office Limited
Art by Stella Limited
First Sentinel Perennial Limited
Anodyne Investments PLC
Charlotte Street Resources PLC
Meme Vault plc
International Financial Strategic Associates Limited
Cassel Capital Limited
Kingbridge Capital
Limited
Mr Stockbridge has no interests in any shares in the Company.
There no further information on Jonathan Bixby or Brian Stockbridge required
to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
Director's update shareholdings:
The table below shows the current shareholdings of the new Board of directors
and their associates and their shareholdings after Admission today of the Toro
Shares, the Fundraising Shares, the Accrued Fee Conversion Shares, the
Transaction Shares and the Fortified Fee Shares.
This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU as it forms part of the UK law pursuant to the
European Union (Withdrawal) Act 2018.
For further information please contact:
Tiger Royalties and Investments Plc Raju Samtani, +44 (0)20 7581 4477
Director
Beaumont Cornish (Nomad) Roland Cornish +44 (0)20 7628 3369
Felicity Geidt
Email:corpfin@bcornish.co.uk (mailto:corpfin@bcornish.co.uk)
Fortified Securities Guy Wheatley (+44) 7493 989014
(Broker) Email: guy.wheatley@fortifiedsecurities.com
(mailto:guy.wheatley@fortifiedsecurities.com)
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.
PDMR Notification Forms:
The notifications below are made in accordance with the requirements of MAR.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Bird / Lion Mining Finance Ltd / Sylvia Vrska
2. Reason for the Notification
a) Position/status Executive Chairman & Director / company controlled by Coilin Bird / wife
of Colin Bird
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tiger Royalties & Investments PLC
b) LEI 213800F2MNUEMO8VWP26
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument ordinary shares of 0.1 pence each
Identification code ISIN: GB0002308525
TIDM: AIM:TIR
b) Nature of the Transaction Issue of 42,000,000 Accrued Conversion Fee Shares to settle accrued fees of
£42,000 due to Colin Bird
Issue of 78,000,000 Accrued Conversion Fee Shares to settle accrued fees of
£78,000 due to Lion Mining Finance Ltd
Issue of 60,000,000 Fundraising Shares to Colin Bird for £60,000
Issue of 20,000,000 Fundraising Shares to Sylvia Vrska for £20,000
c) Price(s) and volume(s) Fundraising Shares Accrued Conversion fee Shares
No. of Shares 80,000,000 120,000,000
Price 0.1 pence 0.1 pence
d) Aggregated information Issue of 200,000,000 shares
Aggregated volume
e) Date of the transaction 9 January 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Issue of 200,000,000 shares
e)
Date of the transaction
9 January 2025
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Raju Samtani
2. Reason for the Notification
a) Position/status Finance Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tiger Royalties & Investments PLC
b) LEI 213800F2MNUEMO8VWP26
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument ordinary shares of 0.1 pence each
Identification code ISIN: GB0002308525
TIDM: AIM:TIR
b) Nature of the Transaction Issue of 32,312.500 Accrued Conversion Fee Shares to settle accrued fees of
£32,312.50 due to Raju Samtani
Issue of 70,000,000 Fundraising Shares to Raju Samtani for £70,000
c) Price(s) and volume(s) Fundraising Shares Accrued Conversion fee Shares
No. of Shares 70,000,000 32,312,500
Price 0.1 pence 0.1 pence
d) Aggregated information Issue of 102.312.500 shares
Aggregated volume
e) Date of the transaction 9 January 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Issue of 102.312.500 shares
e)
Date of the transaction
9 January 2025
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Alexander Michael Borrelli
2. Reason for the Notification
a) Position/status Non-executive Director
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tiger Royalties & Investments PLC
b) LEI 213800F2MNUEMO8VWP26
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument ordinary shares of 0.1 pence each
Identification code ISIN: GB0002308525
TIDM: AIM:TIR
b) Nature of the Transaction Issue of 25,000,000 Accrued Conversion Fee Shares to settle accrued fees of
£25,000 due to Alexander Michael Borrelli
c) Price(s) and volume(s) Accrued Conversion fee Shares
No. of Shares 25,000,000
Price 0.1 pence
d) Aggregated information Issue of 25,000,000 shares
Aggregated volume
e) Date of the transaction 9 January 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Issue of 25,000,000 shares
e)
Date of the transaction
9 January 2025
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Nolan / JS Consult Limited /McNolan Holdings Limited /
2. Reason for the Notification
a) Position/status Non-executive Director who resigned with effect from today / Consulting
company controlled by Michael Nolan & Spouse/ Investment company
controlled by Michael Nolan & Spouse
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tiger Royalties & Investments PLC
b) LEI 213800F2MNUEMO8VWP26
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument ordinary shares of 0.1 pence each
Identification code ISIN: GB0002308525
TIDM: AIM:TIR
b) Nature of the Transaction Issue of 29,166,665 Accrued Conversion Fee Shares to settle accrued fees of
£29,166.66 due to JS Consult Ltd
c) Price(s) and volume(s) Accrued Conversion fee Shares
No. of Shares 29,166,665
Price 0.1 pence
d) Aggregated information Issue of 29,166,665 shares
Aggregated volume
e) Date of the transaction 9 January 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Issue of 29,166,665 shares
e)
Date of the transaction
9 January 2025
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jonathan Franklin Bixby / Toro Consulting Ltd
2. Reason for the Notification
a) Position/status Executive Director Head of Technology Projects / Consulting company controlled
by Jonathan Franklin Bixby
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Tiger Royalties & Investments PLC
b) LEI 213800F2MNUEMO8VWP26
4. Details of the transaction(s):section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument ordinary shares of 0.1 pence each
Identification code ISIN: GB0002308525
TIDM: AIM:TIR
b) Nature of the Transaction Issue of 325,000,000 Toro Shares for a subscription of £325,000 by Toro
Consulting Ltd
c) Price(s) and volume(s) Toro Shares
No. of Shares 325,000,000
Price 0.1 pence
d) Aggregated information Issue of 325,000,000 shares
Aggregated volume
e) Date of the transaction 9 January 2025
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Aggregated volume
Issue of 325,000,000 shares
e)
Date of the transaction
9 January 2025
f)
Place of the transaction
Outside a trading venue
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