Tiger Resource PLC NAV Update (6897E)
05 Julio 2019 - 9:14AM
UK Regulatory
TIDMTIR
RNS Number : 6897E
Tiger Resource PLC
05 July 2019
For immediate release 5 July 2019
Tiger Resource PLC
('Tiger' or 'the Company')
NAV Update
The unaudited portfolio value ("PV") (based on investments and
cash only) at 30 June 2019 was 0.37 pence per ordinary share.
Investments held by the Company as at 30/06/19
Name Number of Share price Valuation
shares
GBP GBP
(see note
African Pioneer PLC 59,529,532 2) 52,226
Anglo American PLC 11,500 22.445 258,117
BMR Group Plc (note 3) 2,500,000 0.0000 -
Barkby Group Plc 60,606 0.0475 2,879
Bezant Resources Plc 55,555,556 0.0009 50,000
Block Energy Plc 625,000 0.1000 62,500
Corallian Energy Limited
(note 4) 20,000 1.5000 30,000
ETFS Copper 1,760 19.702 34,676
Galileo Resources plc 6,516,667 0.0051 33,235
Goldquest Mining Corp. 173,500 0.0812 14,088
Jubilee Metals Group
PLC 1,169,600 0.0333 38,948
Pantheon Resources 31,500 0.2125 6,694
Revelo Resources Corp. 216,667 0.0120 2,600
Royal Dutch Shell Plc
B shares 2,700 25.810 69,687
Total Investments 655,650
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 Company sold 11,500 Anglo American Plc shares on 2 July
2019 realising net proceeds of GBP258,646.67
4) 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.
5) Tiger holds 20,000 shares in Corallian Energy Limited
("Corallian"), an oil and gas appraisal and exploration company
which has an interest in 5 petroleum licences in the UK and
operates in the private domain. This investment has been valued at
cost.
6) Cash funds held by the Company at 30 June 2019 amounted to GBP29,123.67
7) All reporting is made on a quarterly basis and accordingly
the next announcement will disclose the PV per share and
investments as at 30 September 2019. 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 Resource Plc Raju Samtani, Director +44 (0)20 7581 4477
Roland Cornish
Beaumont 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)
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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