TIDMTIR

RNS Number : 2553Y

Tiger Royalties and Investments PLC

12 January 2022

For immediate release

12 January 2022

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 2021 was 0.18 pence (30 September 2021 - 0.23 pence), both per ordinary share .

Investments held by the Company as at 31/12/21

 
 Name                             Number of   Share price   Valuation 
                                     shares 
                                                      GBP         GBP 
 African Pioneer Plc (note 
  2)                              8,810,056        0.0216     190,297 
 Bezant Resources Plc            83,870,371        0.0015     125,806 
 Block Energy Plc                   625,000        0.0090       5,625 
 Caerus Mineral Resources 
  Plc                             1,000,000        0.1400     140,000 
 Corallian Energy Limited 
  (note 3)                           13,618           N/A      20,427 
 Galileo Resources Plc            6,516,667        0.0098      63,863 
 Goldquest Mining Corp.             173,500        0.0774      13,437 
 Jubilee Metals Group Plc         1,169,600        0.1625     190,060 
 Kendrick Resources Plc 
  (note 4)                        2,500,000        0.0000           - 
 Pantheon Resources                  31,500        0.7730      24,349 
 Reabold Resources Plc (note 
  3)                              3,025,068        0.0018       5,445 
 
 Total Investments                                            779,309 
 
 
 

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) Tiger currently 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.

4) 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.

   5)   Cash funds held by the Company at 31 December 2021 amounted to GBP34,394.02. 

6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 31 March 2022. 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           +44 (0)20 7581 4477 
                             Roland Cornish 
 Beaumont Cornish (Nomad)     Felicity Geidt                  +44 (0)20 7628 3369 
  Email: corpfin@bcornish.co.uk 
 

Novum Securities Plc Jon Belliss +44 (0)20 7399 9425

(Broker)

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