Tiger Royalties and Investments PLC Quarter-end Portfolio Value Update (1341Z)
09 Janeiro 2024 - 10:56AM
UK Regulatory
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 +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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