Last checked at 9 Oct 2020 12:23
For immediate release
9 October 2020
Tiger Royalties and Investments Plc
('Tiger' or 'the Company')
Quarter-end NAV Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 30 September 2020 was 0.19 (30 June 2020 - 0.19) pence per ordinary share.
Investments held by the Company as at 30/09/20
Name | Number of shares | Share price | Valuation |
£ | £ | ||
African Pioneer Plc | 59,529,532 | (see note 2) | 32,840 |
BMR Group Plc (note 3) | 2,500,000 | 0.0000 | - |
Bezant Resources Plc | 55,555,556 | 0.0014 | 77,778 |
Block Energy Plc | 625,000 | 0.0265 | 16,562 |
Corallian Energy Limited (note 4) | 20,000 | (see note 4) | 15,000 |
Galileo Resources Plc | 6,516,667 | 0.0070 | 45,616 |
Goldquest Mining Corp. | 173,500 | 0.1722 | 29,877 |
Jubilee Metals Group Plc | 1,169,600 | 0.0550 | 64,328 |
Pantheon Resources | 31,500 | 0.3720 | 11,718 |
Royal Dutch Shell Plc B shares | 2,700 | 9.4020 | 25,385 |
WisdomTree Copper ETFS | 760 | 21.0782 | 16,019 |
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Total Investments |
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| 335,123 |
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Notes:
1) The above PV calculation is based on 184,347,070 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 188,847,070 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.
2) African Pioneer PLC ("APP") is a private investment company in which Tiger owns 50.75 per cent of the issued share capital and this investment is valued on the basis of Tiger's share of APP's assets (cash plus investments) at the quarter end date for the purpose of computing the quarterly PV.
3) The shares of BMR Group Plc ("BMR") 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 BMR Plc relating to the company's future plans.
4) Tiger holds 20,000 shares in Corallian Energy Limited ("Corallian"), an oil and gas appraisal and exploration company which holds interests in 5 basins in the UK: Central Graben, Inner Moray Firth, Viking Graben, West of Shetland and Wessex and operates in the private domain. Although the last fund raise completed by Corallian in November 2019 was done at a subscription price of £2.20 per share valuing the Company's holding at £44,000, a 50% provision has been applied against the original purchase cost and this investment has been valued at £15,000 as at 30 September 2020 given the current market outlook.
5) Cash funds held by the Company at 30 September 2020 amounted to £10,565.39.
6) The placing shares relating to the recent £500,000 fundraise were admitted for trading on 2 October 2020. Consequently, both the cash element of the placing and the new Ordinary shares issued have not included in this NPV calculation.
7) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments as at 31 December 2020. The Company will disclose its investments on a quarterly basis when disclosing its PV.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Tiger Royalties and Investments Plc | Raju Samtani, Director | +44 (0)20 7581 4477 |
Beaumont Cornish (Nomad) | Roland Cornish Felicity Geidt | +44 (0)20 7628 3369 |
| Email:corpfin@bcornish.co.uk
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Novum Securities Plc Jon Belliss +44 (0)20 7399 9425
(Broker)