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Share Name Share Symbol Market Type Share ISIN Share Description
Tiger Royalties And Investments Plc LSE:TIR London Ordinary Share GB0002308525 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.35 0.30 0.40 0.35 0.35 0.35 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.2 -0.1 - 2

Tiger Resource PLC Net Asset Value(s)

07/07/2020 11:28am

UK Regulatory (RNS & others)


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RNS Number : 2758S

Tiger Resource PLC

07 July 2020

For immediate release

7 July 2020

Tiger Resource PLC

('Tiger' or 'the Company')

Quarter-end NAV Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 30 June 2020 was 0.19 (31 March 2020 - 0.17) pence per ordinary share.

Investments held by the Company as at 30/6/20

 
 Name                         Number of             Share price   Valuation 
                                 shares 
                                                            GBP         GBP 
                                                      (see note 
 African Pioneer PLC         59,529,532                      2)      47,185 
 BMR Group Plc (note 3)       2,500,000                  0.0000           - 
 Barkby Group Plc                23,237                  0.2100       4,880 
 Bezant Resources Plc        55,555,556                  0.0012      66,667 
 Block Energy Plc               625,000                  0.0215      13,438 
 Corallian Energy Limited                        (see note 
  (note 4)                       20,000           4)                 15,000 
 Galileo Resources plc        6,516,667                  0.0074      48,223 
 Goldquest Mining Corp.         173,500                  0.0980      17,003 
 Jubilee Metals Group 
  PLC                         1,169,600                  0.0368      43,041 
 Pantheon Resources              31,500                  0.1378       4,341 
 Revelo Resources Corp.          21,667                  0.0592       1,283 
 Royal Dutch Shell Plc 
  B shares                        2,700                 12.2400      33,048 
 WisdomTree Copper ETFS             760                 19.9701      15,177 
 
 Total Investments                                                  309,286 
 
 

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 GBP2.20 per share valuing the Company's holding at GBP44,000, a 50% provision has been applied against the original purchase cost and this investment has been valued at GBP15,000 as at 31 March 2020 given the current market outlook.

5) Barkby Group Plc and Revelo Resources Corp. shares have been consolidated on 193 to 74 and 10 to 1 respectively (existing ordinary shares to new ordinary shares).

.

   6)   Cash funds held by the Company at 30 June 2020 amounted to GBP40,585.65. 

7) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 30 September 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 Resource Plc          Raju Samtani, Director           +44 (0)20 7581 4477 
                             Roland Cornish 
 Beaumont Cornish (Nomad)     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.

END

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July 07, 2020 06:28 ET (10:28 GMT)

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