REG - Tiger Roylts and Inv - Quarter-end NPV update

Tiger Royalties and InvestmentsAnnouncement

11/01/2021 07:00

RNS Number : 1604L
  
Tiger Royalties and Investments PLC
  
11 January 2021
  
 

For immediate release
11 January 2021
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 December 2020 was 0.24 (30 September 2020 - 0.19) pence per ordinary share. 
 
Investments held by the Company as at 31/12/20
 



Name


Number of shares


Share price 


Valuation




£


£




African Pioneer Plc


59,529,532


(see note 2)


94,683




BMR Group Plc (note 3) 


2,500,000


0.0000


-




Bezant Resources Plc 


55,555,556


0.0025


138,889




Block Energy Plc


625,000


0.0325


20,312




Corallian Energy Limited (note 4)


20,000


        (see note 4)


15,000 




Galileo Resources Plc


6,516,667


0.0165


107,525




Goldquest Mining Corp.


173,500


0.1622


28,142




Jubilee Metals Group Plc


1,169,600


0.1275 


149,124




Pantheon Resources


31,500


0.435


13,702




Royal Dutch Shell Plc B shares


2,700


12.59


33,993




WisdomTree Copper ETFS 


760


23.022


17,497






















Total Investments










618,867





















 
 
 
Notes:
 
1)   The above PV calculation is based on 434,942,308 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 439,442,308 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 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 31 December 2020 given the current market outlook.
 
5)   Cash funds held by the Company at 31 December 2020 amounted to £420,698.57. 
 
6)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 March 2021. 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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCDKKBQBBKBADD