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Statement re potential return of capital

1 Jul 2011 11:50

RNS Number : 5880J
Tiger Resource Finance PLC
01 July 2011
 

 

Tiger Resource Finance plc

 

Statement re potential return of capital

 

Tiger Resource Finance Plc ("the Company" or "Tiger") announces that its board of directors (the "Board") is currently considering a return of capital to shareholders. The Board is of the opinion that market conditions have dictated that the price of the Company's shares do not reflect the underlying value of the Company's investments and cash. In order to align the market value with the net asset value of the Company, the Board is assessing a return of capital to shareholders from Tiger's distributable reserves.

 

A further announcement regarding this proposed transaction will be made in due course.

 

For further information, please contact:

Tiger Resource Finance plc

Bruce Rowan, Chairman

Tel: +00 44 20 7486 3997

Raju Samtani, Director

Tel: +00 44 20 7581 4477

finnCap

Tel: +00 44 20 7600 1658

Corporate Finance - Matthew Robinson/Christopher Raggett

Corporate Broking - Joanna Weaving/Simon Starr

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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