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

Tiger Royalties and InvestmentsAnnouncement

12/01/2022 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220112:nRSL2553Ya&default-theme=true

RNS Number : 2553Y  Tiger Royalties and Investments PLC  12 January 2022

For immediate
release

12 January 2022

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
31 December 2021 was 0.18 pence (30 September 2021 - 0.23 pence), both per
ordinary share.

 

Investments held by the Company as at 31/12/21

 

 Name                                  Number of shares  Share price  Valuation
                    £                  £
 African Pioneer Plc (note 2)          8,810,056         0.0216       190,297
 Bezant Resources Plc                  83,870,371        0.0015       125,806
 Block Energy Plc                      625,000           0.0090       5,625
 Caerus Mineral Resources Plc          1,000,000         0.1400       140,000
 Corallian Energy Limited (note 3)     13,618            N/A          20,427
 Galileo Resources Plc                 6,516,667         0.0098       63,863
 Goldquest Mining Corp.                173,500           0.0774       13,437
 Jubilee Metals Group Plc              1,169,600         0.1625       190,060
 Kendrick Resources Plc (note 4)       2,500,000         0.0000       -
 Pantheon Resources                    31,500            0.7730       24,349
 Reabold Resources Plc (note 3)        3,025,068         0.0018       5,445

 Total Investments                                                    779,309

 

 

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)   Tiger currently holds 13,618 shares in Corallian Energy Limited
("Corallian").  Reabold Resources Plc ("Reabold") acquired 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 Corallian shares in exchange for 3,025,068 shares in
Reabold Resources Plc.

 

4)   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.

 

5)   Cash funds held by the Company at 31 December 2021 amounted to
£34,394.02.

 

6)   All reporting is made on a quarterly basis and accordingly the next
announcement will disclose the PV per share and investments at 31 March 2022.
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,                                                                                          +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)

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

(Broker)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NAVBKBBBQBKDQDD