Tiger Royalties and Investments PLC Quarter-end Portfolio Value Update (1341Z)

TIDMTIR

RNS Number : 1341Z

Tiger Royalties and Investments PLC

09 January 2024

For immediate release 9 January 2024

Tiger Royalties and Investments Plc

('Tiger' or 'the Company')

Quarter-end Portfolio Value Update

The unaudited portfolio value ("PV") (based on investments and cash only) at 31 December 2023 was 0.08 pence (30 September 2023 - 0.08 pence), both per ordinary share .

Cash and investments held by the Company as at 31/12/23

 
 Name                                Number of   Share price     Valuation 
                                        shares 
                                                         GBP           GBP 
 African Pioneer Plc                 8,810,056       0.02350       207,036 
 Bezant Resources Plc               83,870,371       0.00020        16,774 
 Caerus Mineral Resources 
  Plc (2)                            1,000,000       0.02750        27,500 
 Galileo Resources Plc               6,516,667       0.01050        68,425 
 Goldquest Mining Corp.                173,500       0.05354         9,289 
 Jubilee Metals Group Plc              869,600       0.06450        56,089 
 Kendrick Resources Plc                 83,333       0.00480           400 
 
 Total Investments                                                 385,513 
 
 Cash                                                               54,073 
 
 Total cash and Investments                                        439,586 
 
 

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 a potential total consideration of GBP3.20 for each CEL share. The consideration included an initial fixed amount of GBP0.80 for each CEL share (received by Tiger in November 2022) plus certain contingent payments depending on when consent was received for the development and production of the Victory gas field from the North Sea Transition Authority. Consequently, a further amount of GBP17,703.40 was received by the Company on 11 December 2023 representing GBP1.30 per CEL share sold to SUKL. The Company will update shareholders when it receives further information relating to the final contingent payment, being GBP1.10 per CEL share or GBP14,979.80, once we are notified on the status by CEL.

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 2024. 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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END

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January 09, 2024 08:56 ET (13:56 GMT)