REG - Tiger Royalties&Invs - Quarter-end Portfolio Value Update

Tiger Royalties and InvestmentsAnnouncement

09/01/2024 14:00

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RNS Number : 1341Z  Tiger Royalties and Investments PLC  09 January 2024

For immediate
release
                9 January 2024

Tiger Royalties and Investments Plc

('Tiger' or 'the Company')

 

Quarter-end Portfolio Value Update

 

The unaudited portfolio value ("PV") (based on investments and cash only) at
31 December 2023 was 0.08 pence (30 September 2023 - 0.08 pence), both per
ordinary share.

 

Cash and investments held by the Company as at 31/12/23

 

 Name                                           Number of shares  Share price  Valuation
                             £                  £
 African Pioneer Plc                            8,810,056         0.02350      207,036
 Bezant Resources Plc                           83,870,371        0.00020      16,774
 Caerus Mineral Resources Plc (2)               1,000,000         0.02750      27,500
 Galileo Resources Plc                          6,516,667         0.01050      68,425
 Goldquest Mining Corp.                         173,500           0.05354      9,289
 Jubilee Metals Group Plc                       869,600           0.06450      56,089
 Kendrick Resources Plc                         83,333            0.00480      400

 Total Investments                                                             385,513

 Cash                                                                          54,073

 Total cash and Investments                                                    439,586

 

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 a potential total consideration of £3.20 for each CEL share. The
consideration included an initial fixed amount of £0.80 for each CEL share
(received by Tiger in November 2022) plus certain contingent payments
depending on when consent was received for the development and production of
the Victory gas field from the North Sea Transition Authority.  Consequently,
a further amount of £17,703.40 was received by the Company on 11 December
2023 representing £1.30 per CEL share sold to SUKL.  The Company will update
shareholders when it receives further information relating to the final
contingent payment, being £1.10 per CEL share or £14,979.80, once we are
notified on the status by CEL.

 

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 2024.
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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