Tiger Royalties and Investments PLC Quarter-end NPV Update (1154W)

TIDMTIR

RNS Number : 1154W

Tiger Royalties and Investments PLC

13 April 2023

For immediate release 13 April 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 March 2023 was 0.10 pence (31 December 2022 - 0.12 pence), both per ordinary share .

Cash and investments held by the Company as at 31/03/23

 
 Name                                Number of   Share price     Valuation 
                                        shares 
                                                         GBP           GBP 
 African Pioneer Plc                 8,810,056       0.02080       183,249 
 Bezant Resources Plc               83,870,371       0.00060        50,322 
 Caerus Mineral Resources 
  Plc                                1,000,000       0.04000        40,000 
 Galileo Resources Plc               6,516,667       0.01000        65,167 
 Goldquest Mining Corp.                173,500       0.08665        15,034 
 Jubilee Metals Group Plc              869,600       0.08050        70,002 
 Kendrick Resources Plc                 83,333       0.00930           775 
 
 Total Investments                                                 424,549 
 
 Cash                                                              108,009 
 
 Total cash and Investments                                        532,558 
 
 

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 certain contingent payments, representing an estimated GBP2.40 per share due to Tiger in 2023. The timing of the potential contingent payments due to Tiger is dependent on when consent is received for the development and production of the Victory gas field from the North Sea Transition Authority. The Company will update shareholders when it receives further information relating to these contingent payments.

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

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April 13, 2023 04:04 ET (08:04 GMT)