Last checked at 11 Jan 2023 14:31
For immediate release
11 January 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 December 2022 was 0.12 pence (30 September 2022 - 0.12 pence), both per ordinary share.
Cash and investments held by the Company as at 31/12/22
Name | Number of shares | Share price | Valuation | |
£ | £ | |||
African Pioneer Plc | 8,810,056 | 0.02300 | 202,631 | |
Bezant Resources Plc | 83,870,371 | 0.00085 | 71,290 | |
Caerus Mineral Resources Plc | 1,000,000 | 0.04500 | 45,000 | |
Galileo Resources Plc | 6,516,667 | 0.01300 | 84,717 | |
Goldquest Mining Corp. | 173,500 | 0.08528 | 14,796 | |
Jubilee Metals Group Plc | 869,600 | 0.10150 | 88,264 | |
Kendrick Resources Plc | 83,333 | 0.00975 | 812 | |
Total Investments | 507,510 | |||
|
| |||
Cash | 150,631 | |||
| ||||
Total cash and Investments |
|
| 658,141 | |
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 £3.20 for each CEL Share. The consideration included an initial fixed amount of £0.80 for each CEL share (received by Tiger) plus one or two contingent payments, representing an estimated £2.40 per share due to Tiger in 2023 but subject to the timing of receipt of the development and production consent for the Victory gas field from the North Sea Transition Authority.
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 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 (Nomad) | Roland Cornish Felicity Geidt | +44 (0)20 7628 3369 |
| Email:corpfin@bcornish.co.uk
|
Novum Securities Plc Jon Belliss +44 (0)20 7399 9425
(Broker)