Tiger Royalties and Investments PLC Quarter End NPV Update (4344M)

TIDMTIR

RNS Number : 4344M

Tiger Royalties and Investments PLC

11 January 2023

For immediate release

11 January 2023

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 2022 was 0.12 pence (30 September 2022 - 0.12 pence), both per ordinary share .

Cash and investments held by the Company as at 31/12/22

 
 Name                                Number of   Share price     Valuation 
                                        shares 
                                                         GBP           GBP 
 African Pioneer Plc                 8,810,056       0.02300       202,631 
 Bezant Resources Plc               83,870,371       0.00085        71,290 
 Caerus Mineral Resources 
  Plc                                1,000,000       0.04500        45,000 
 Galileo Resources Plc               6,516,667       0.01300        84,717 
 Goldquest Mining Corp.                173,500       0.08528        14,796 
 Jubilee Metals Group Plc              869,600       0.10150        88,264 
 Kendrick Resources Plc                 83,333       0.00975           812 
 
 Total Investments                                                 507,510 
 
 Cash                                                              150,631 
 
 Total cash and Investments                                        658,141 
 
 

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 GBP3.20 for each CEL Share. The consideration included an initial fixed amount of GBP0.80 for each CEL share (received by Tiger) plus one or two contingent payments, representing an estimated GBP2.40 per share due to Tiger in 2023 but subject to the timing of receipt of the development and production consent for the Victory gas field from the North Sea Transition Authority.

3) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 31 March 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, Director           [phone] 
 Beaumont Cornish       Roland Cornish 
  (Nomad)                Felicity Geidt                  [phone] 
  Email: [e-mail] 
 

Novum Securities Plc Jon Belliss [phone]

(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 [e-mail] 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

MSCNKDBBQBKDFDD

(END) Dow Jones Newswires

January 11, 2023 09:31 ET (14:31 GMT)