Tiger Royalties and Investments PLC Quarter-end NPV Update (1154W)
13 April 2023 - 6:04PM
UK Regulatory
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 +44 (0)20 7581 4477
Beaumont Cornish Roland 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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END
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