Tiger Royalties and Investments PLC Update on Portfolio Value (8314P)

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RNS Number : 8314P

Tiger Royalties and Investments PLC

11 October 2023

For immediate release 11 October 2023

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 30 September 2023 was 0.08 pence (30 June 2023 - 0.09 pence), both per ordinary share .

Cash and investments held by the Company as at 30/09/23

 
 Name                                Number of   Share price     Valuation 
                                        shares 
                                                         GBP           GBP 
 African Pioneer Plc                 8,810,056       0.02150       189,416 
 Bezant Resources Plc               83,870,371       0.00030        25,161 
 Caerus Mineral Resources 
  Plc (2)                            1,000,000       0.03630        36,300 
 Galileo Resources Plc               6,516,667       0.01050        68,425 
 Goldquest Mining Corp.                173,500       0.05150         8,936 
 Jubilee Metals Group Plc              869,600       0.07300        63,481 
 Kendrick Resources Plc                 83,333       0.00680           567 
 
 Total Investments                                                 392,286 
 
 Cash                                                               44,949 
 
 Total cash and Investments                                        437,235 
 
 

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 31 December 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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October 11, 2023 11:10 ET (15:10 GMT)