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

Tiger Royalties and InvestmentsAnnouncement

13/04/2023 09:15

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RNS Number : 1154W  Tiger Royalties and Investments PLC  13 April 2023

For immediate
release
                       13 April 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 March 2023 was 0.10 pence (31 December 2022 - 0.12 pence), both per
ordinary share.

 

Cash and investments held by the Company as at 31/03/23

 

 Name                                         Number of shares  Share price  Valuation
                             £                £
 African Pioneer Plc                          8,810,056         0.02080      183,249
 Bezant Resources Plc                         83,870,371        0.00060      50,322
 Caerus Mineral Resources Plc                 1,000,000         0.04000      40,000
 Galileo Resources Plc                        6,516,667         0.01000      65,167
 Goldquest Mining Corp.                       173,500           0.08665      15,034
 Jubilee Metals Group Plc                     869,600           0.08050      70,002
 Kendrick Resources Plc                       83,333            0.00930      775

 Total Investments                                                           424,549

 Cash                                                                        108,009

 Total cash and Investments                                                  532,558

 

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 certain contingent payments, representing an estimated £2.40 per
share due to Tiger in 2023.  The timing of the potential contingent payments
due to Tiger is dependent on when consent is received for  the development
and production of the Victory gas field from the North Sea Transition
Authority. The Company will update shareholders when it receives further
information relating to these contingent payments.

 

3)   All reporting is made on a quarterly basis and accordingly the next
announcement will disclose the PV per share and investments at 30 June 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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