REG - Tiger Royalties&Invs - Update on Portfolio Value

Tiger Royalties and InvestmentsAnnouncement

11/10/2023 16:15

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RNS Number : 8314P  Tiger Royalties and Investments PLC  11 October 2023

For immediate
release
                11 October 2023

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
30 September 2023 was 0.08 pence (30 June 2023 - 0.09 pence), both per
ordinary share.

 

Cash and investments held by the Company as at 30/09/23

 

 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         0.03630      36,300
 Galileo Resources Plc                          6,516,667         0.01050      68,425
 Goldquest Mining Corp.                         173,500           0.05150      8,936
 Jubilee Metals Group Plc                       869,600           0.07300      63,481
 Kendrick Resources Plc                         83,333            0.00680      567

 Total Investments                                                             392,286

 Cash                                                                          44,949

 Total cash and Investments                                                    437,235

 

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 31 December
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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