REG - Tiger Royalties&Invs - Quarter End Update

Tiger Royalties and InvestmentsAnnouncement

04/08/2023 12:30

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RNS Number : 3948I  Tiger Royalties and Investments PLC  04 August 2023

For immediate
release
                  4 August 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
30 June 2023 was 0.09 pence (31 March 2023 - 0.10 pence), both per ordinary
share.

 

Cash and investments held by the Company as at 30/06/23

 

 Name                                           Number of shares  Share price  Valuation
                             £                  £
 African Pioneer Plc                            8,810,056         0.02150      189,416
 Bezant Resources Plc                           83,870,371        0.00030      25,161
 Caerus Mineral Resources Plc (2)               1,000,000         0.05000      50,000
 Galileo Resources Plc                          6,516,667         0.00950      61,908
 Goldquest Mining Corp.                         173,500           0.05647      9,798
 Jubilee Metals Group Plc                       869,600           0.07800      67,829
 Kendrick Resources Plc                         83,333            0.00900      750

 Total Investments                                                             404,862

 Cash                                                                          69,874

 Total cash and Investments                                                    474,736

 

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)   Caerus Mineral Resources PLC ("Caerus") shares were temporarily
suspended from trading with effect from 2 May 2023 on the basis that the
company did not publish its audited financial results for the year ended 31
December 2022 by 30 April 2023 as required by the Financial Conduct
Authority's Disclosure Guidance and Transparency Rule 4.1.3. Following the
subsequent publication of its audited results for the year ended 31 December
2022, the company's listing was restored effective from 17 July 2023.  The
price per share for Caerus of 5 pence per share prior to its suspension has
been used for valuing this investment at 30 June 2023.

 

3)   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.

 

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