Tiger Royalties and Investments PLC Quarterly NPV Update (7250O)

TIDMTIR

RNS Number : 7250O

Tiger Royalties and Investments PLC

12 October 2021

For immediate release 12 October 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 30 September 2021 was 0.23 pence (30 June 2021 - 0.30 pence), both per ordinary share .

Investments held by the Company as at 30/09/21

 
 Name                               Number of   Share price     Valuation 
                                       shares 
                                                        GBP           GBP 
 African Pioneer Plc (note 
  2)                                8,810,056        0.0275       242,277 
 Kendrick Resources Plc 
  (previously BMR Group Plc 
  - note 3)                         2,500,000        0.0000             - 
 Bezant Resources Plc              83,870,371        0.0014       117,419 
 Block Energy Plc                     625,000        0.0255        15,937 
 Caerus Mineral Resources 
  Plc                               1,000,000        0.2125       212,500 
 Corallian Energy Limited 
  (note 4)                             13,618           N/A        20,427 
 Galileo Resources Plc              6,516,667        0.0130        84,717 
 Goldquest Mining Corp.               173,500        0.0863        14,982 
 Jubilee Metals Group Plc           1,169,600        0.1589       185,966 
 Pantheon Resources                    31,500        0.7160        22,554 
 Reabold Resources Plc (note 
  4)                                3,025,068        0.0016         4,840 
 Royal Dutch Shell Plc B 
  shares                                2,700        16.496        44,539 
 
 Total Investments                                                966,158 
 
 
 

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's ("APP") shares comprising 189,459,550 ordinary shares of zero par value each in the capital of the company ("Ordinary Shares") were admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021. Tiger's current holding in APP is 8,810,056 Ordinary Shares representing a 4.65% interest in APP following Admission.

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) Tiger holds 13,618 shares in Corallian Energy Limited ("Corallian"). Reabold Resources Plc ("Reabold") acquired Corallian shares from existing shareholders in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share on 10 May 2021. As part of this offer, Tiger disposed 6,382 Corallian shares in exchange for 3,025,068 shares in Reabold Resources Plc.

   5)   Cash funds held by the Company at 30 September 2021 amounted to GBP64,998.23. 

6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 31 December 2021. 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 the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information please contact:

 
 Tiger Royalties and 
  Investments Plc            Raju Samtani, Director           [phone] 
                             Roland Cornish 
 Beaumont Cornish (Nomad)     Felicity Geidt                  [phone] 
  Email: [e-mail] 
 

Novum Securities Plc Jon Belliss [phone]

(Broker)

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October 12, 2021 02:00 ET (06:00 GMT)