REG - Tiger Royalties&Invs - Quarter-end NPV update

Tiger Royalties and InvestmentsAnnouncement

07/07/2021 07:05

RNS Number : 3731E
  
Tiger Royalties and Investments PLC
  
07 July 2021
  
 

For immediate release                                                                                                7 July 2021
Tiger Royalties and Investments Plc 
('Tiger' or 'the Company')
 
Quarter-end NPV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2021 was 0.30 pence (31 March 2021 - 0.23 pence), both per ordinary share. 
 
Investments held by the Company as at 30/06/21
 




Name


Number of shares


Share price 


Valuation




£


£




African Pioneer Plc (note 2)


8,810,056


0.0305


268,707




Kendrick Resources Plc (previously BMR Group Plc - note 3) 


2,500,000


0.0000


-




Bezant Resources Plc 


83,870,371


0.0022


184,515




Block Energy Plc 


625,000


0.0275


17,187




Caerus Mineral Resources Plc 


1,000,000


0.3250


325,000




Corallian Energy Limited (note 4)


13,618


N/A


20,427




Galileo Resources Plc


6,516,667


0.0130


84,717




Goldquest Mining Corp.


173,500


0.1359


23,579




Jubilee Metals Group Plc


1,169,600


0.1850 


216,376




Pantheon Resources


31,500


0.4125


12,994




Reabold Resources Plc (note 4) 


3,025,068


0.0044


13,310




Royal Dutch Shell Plc B shares


2,700


13.990


37,773




WisdomTree Copper ETFS 


760


27.481


20,886




 


 


 


 




Total Investments


 


 


1,225,471




 


 


 


 



 
 
 
 
 



 
 
 
Notes:
 
1)   The above PV calculation is based on 443,442,308 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 447,942,308 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
 
2)    African Pioneer Plc's  ("APP") shares comprising 189,459,550 ordinary shares of zero par value each in the capital of the company ("Ordinary Shares") were  admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021.  Tiger's current holding in APP is 8,810,056 Ordinary Shares representing a 4.65% interest in APP following Admission.     
 
3)   The shares of Kendrick Resources Plc ("Kendrick") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018.  This investment is being carried at zero valuation until further details are released by Kendrick relating to the company's future plans.
 
4)   Tiger holds 13,618 shares in Corallian Energy Limited ("Corallian"), an unlisted oil and gas appraisal and exploration company which holds interests in 4 basins in the UK; West of Shetland, Central Graben, Inner Moray Firth and Viking Graben.  Reabold Resources Plc ("Reabold") acquired Corallian Energy Limited ("Corallian") shares from existing shareholders in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share on 10 May 2021.  As part of this offer, Tiger disposed 6,382 Corallion shares in exchange for 3,025,068 shares in Reabold Resources Plc.
 
5)   Cash funds held by the Company at 30 June 2021 amounted to £100,931.36. 
 
6)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 30 September 2021. The Company will disclose its investments on a quarterly basis when disclosing its PV.
 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
 
For further information please contact:

 




Tiger Royalties and Investments Plc


Raju Samtani, Director                                               


+44 (0)20 7581 4477




Beaumont Cornish (Nomad)


Roland Cornish
Felicity Geidt


+44 (0)20 7628 3369




 


Email:corpfin@bcornish.co.uk
 


 




Novum Securities Plc              Jon Belliss                                                   +44 (0)20 7399 9425
(Broker)

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