REG - Tiger Roylts and Inv - Net Asset Value(s)

Tiger Royalties and InvestmentsAnnouncement

09/10/2020 12:25

RNS Number : 6732B
  
Tiger Royalties and Investments PLC
  
09 October 2020
  
 

For immediate release
9 October 2020
Tiger Royalties and Investments Plc 
('Tiger' or 'the Company')
 
Quarter-end NAV Update
 
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2020 was 0.19 (30 June 2020 - 0.19) pence per ordinary share. 
 
Investments held by the Company as at 30/09/20
 




Name


Number of shares


Share price 


Valuation




£


£




African Pioneer Plc


59,529,532


(see note 2)


32,840




BMR Group Plc (note 3) 


2,500,000


0.0000


-




Bezant Resources Plc 


55,555,556


0.0014


77,778




Block Energy Plc


625,000


0.0265


16,562




Corallian Energy Limited (note 4)


20,000


        (see note 4)


15,000 




Galileo Resources Plc


6,516,667


0.0070


45,616




Goldquest Mining Corp.


173,500


0.1722


29,877




Jubilee Metals Group Plc


1,169,600


0.0550 


64,328




Pantheon Resources


31,500


0.3720


11,718




Royal Dutch Shell Plc B shares


2,700


9.4020


25,385




WisdomTree Copper ETFS 


760


21.0782


16,019




 


 


 


 




Total Investments


 


 


335,123




 


 


 


 




 
 
 
Notes:
 
1)   The above PV calculation is based on 184,347,070 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 188,847,070 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
 
2)   African Pioneer PLC ("APP") is a private investment company in which Tiger owns 50.75 per cent of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.
 
3)   The shares of BMR Group Plc ("BMR") were suspended at the company's request on 7 February 2018 and subsequently de-listed in August 2018.  This investment is being carried at zero valuation until further details are released by BMR Plc relating to the company's future plans.
 
4)   Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which holds interests in 5 basins in the UK: Central Graben, Inner Moray Firth, Viking Graben, West of Shetland and Wessex and operates in the private domain.  Although the last fund raise completed by Corallian in November 2019 was done at a subscription price of £2.20 per share valuing the Company's holding at £44,000, a 50% provision has been applied against the original purchase cost and this investment has been valued at £15,000 as at 30 September 2020 given the current market outlook.
 
5)   Cash funds held by the Company at 30 September 2020 amounted to £10,565.39. 
 
6)   The placing shares relating to the recent £500,000 fundraise were admitted for trading on 2 October 2020.  Consequently, both the cash element of the placing and the new Ordinary shares issued have not included in this NPV calculation.
 
7)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 December 2020. The Company will disclose its investments on a quarterly basis when disclosing its PV.
 
 
 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
 
For further information please contact:

 




Tiger Royalties and Investments Plc


Raju Samtani, Director                                               


+44 (0)20 7581 4477




Beaumont Cornish (Nomad)


Roland Cornish
Felicity Geidt


+44 (0)20 7628 3369




 


Email:corpfin@bcornish.co.uk
 


 




Novum Securities Plc              Jon Belliss                                    +44 (0)20 7399 9425
(Broker)

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