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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% 0.575 0.55 0.60 0.575 0.575 0.575 248,230 07:32:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -0.2 -0.1 - 3

Tiger Royalties and Investments PLC NPV Update

08/04/2021 10:12am

UK Regulatory (RNS & others)


Tiger Royalties And Inve... (LSE:TIR)
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RNS Number : 8270U

Tiger Royalties and Investments PLC

08 April 2021

For immediate release

08 April 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 March 2021 was 0.23 (31 December 2020 - 0.24) pence per ordinary share.

Investments held by the Company as at 31/03/21

 
 Name                            Number of   Share price   Valuation 
                                    shares 
                                                     GBP         GBP 
 African Pioneer Plc            59,529,532           N/A     262,328 
 Kendrick Resources Plc 
  (previously BMR Group Plc 
  - note 3)                      2,500,000        0.0000           - 
 Bezant Resources Plc (note 
  4)                            83,870,371        0.0021     176,128 
 Block Energy Plc                  625,000        0.0250      15,625 
 Caerus Mineral Resources 
  Plc (note 5)                   1,000,000        0.1260     126,000 
 Corallian Energy Limited 
  (note 6)                          20,000           N/A      15,000 
 Galileo Resources Plc           6,516,667        0.0132      86,020 
 Goldquest Mining Corp.            173,500        0.1528      26,511 
 Jubilee Metals Group Plc        1,169,600        0.1488     174,037 
 Pantheon Resources                 31,500        0.3570      11,246 
 Royal Dutch Shell Plc B 
  shares                             2,700        13.350      36,045 
 WisdomTree Copper ETFS                760        25.821      19,624 
 
 Total Investments                                           948,564 
 
 
 

Notes:

1) The above PV calculation is based on 443,442,308 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 447,942,308 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 Kendrick Resources Plc ("Kendrick") 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 Kendrick relating to the company's future plans.

4) 28,314,815 Bezant Resources Plc ("Bezant") Ordinary shares were issued to the Company on 18 February 2021 as settlement for outstanding loans of GBP46,250 due from Metrock Resources Ltd ("Metrock") plus a fee of GBP30,200 due to Tiger for facilitating the sale of the Kanye Manganese asset held by Metrock to Bezant. Tiger currently holds 83,370,371 Ordinary shares in Bezant.

5) An investment of GBP100,000 was made by Tiger in Caerus Mineral Resources Plc ("Caerus") on 19 February 2021 by participating in a fundraise which was carried out by Novum Securities Limited as part of the company's IPO. Caerus is a resource development and production focused exploration company targeting Copper-Gold brown field exploration sites on the island of Cyprus.

6) Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an unlisted oil and gas appraisal and exploration company which holds interests in 4 basins in the UK; West of Shetland, Central Graben, Inner Moray Firth and Viking Graben. Although the last fund raise completed by Corallian in November 2019 was done at a subscription price of GBP2.20 per share, a 50% provision has been applied against the original purchase price for these shares and accordingly this investment has been valued at GBP15,000 as at 31 March 2021 given the current market outlook in the energy sector.

   7)   Cash funds held by the Company at 31 March 2021 amounted to GBP59,515.63.  A loan repayment of GBP134,030.96 from the Company's subsidiary, African Pioneer Plc was received by Tiger shortly after the quarter end. 

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

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END

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April 08, 2021 05:12 ET (09:12 GMT)

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