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RNS Number : 4344M Tiger Royalties and Investments PLC 11 January 2023
For immediate
release
11 January 2023
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 2022 was 0.12 pence (30 September 2022 - 0.12 pence), both per
ordinary share.
Cash and investments held by the Company as at 31/12/22
Name Number of shares Share price Valuation
£ £
African Pioneer Plc 8,810,056 0.02300 202,631
Bezant Resources Plc 83,870,371 0.00085 71,290
Caerus Mineral Resources Plc 1,000,000 0.04500 45,000
Galileo Resources Plc 6,516,667 0.01300 84,717
Goldquest Mining Corp. 173,500 0.08528 14,796
Jubilee Metals Group Plc 869,600 0.10150 88,264
Kendrick Resources Plc 83,333 0.00975 812
Total Investments 507,510
Cash 150,631
Total cash and Investments 658,141
Notes:
1) The above PV calculation is based on 535,128,554 Ordinary shares with a
nominal value of 0.1 pence each being the Company's issued share capital of
539,628,554 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
2) On 1 November 2022, the 13,618 shares in Corallian Energy Limited
("CEL") held by Tiger were sold as part of a sale of CEL to Shell UK Limited
("SUKL") for an estimated £3.20 for each CEL Share. The consideration
included an initial fixed amount of £0.80 for each CEL share (received by
Tiger) plus one or two contingent payments, representing an estimated £2.40
per share due to Tiger in 2023 but subject to the timing of receipt of the
development and production consent for the Victory gas field from the North
Sea Transition Authority.
3) All reporting is made on a quarterly basis and accordingly the next
announcement will disclose the PV per share and investments at 31 March 2023.
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
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)
Novum Securities Plc Jon Belliss
+44
(0)20 7399 9425
(Broker)
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