TIDMTIR

RNS Number : 3731E

Tiger Royalties and Investments PLC

07 July 2021

For immediate release 7 July 2021

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 30 June 2021 was 0.30 pence (31 March 2021 - 0.23 pence), both per ordinary share .

Investments held by the Company as at 30/06/21

 
 Name                             Number of   Share price   Valuation 
                                     shares 
                                                      GBP         GBP 
 African Pioneer Plc (note 
  2)                              8,810,056        0.0305     268,707 
 Kendrick Resources Plc 
  (previously BMR Group Plc 
  - note 3)                       2,500,000        0.0000           - 
 Bezant Resources Plc            83,870,371        0.0022     184,515 
 Block Energy Plc                   625,000        0.0275      17,187 
 Caerus Mineral Resources 
  Plc                             1,000,000        0.3250     325,000 
 Corallian Energy Limited 
  (note 4)                           13,618           N/A      20,427 
 Galileo Resources Plc            6,516,667        0.0130      84,717 
 Goldquest Mining Corp.             173,500        0.1359      23,579 
 Jubilee Metals Group Plc         1,169,600        0.1850     216,376 
 Pantheon Resources                  31,500        0.4125      12,994 
 Reabold Resources Plc (note 
  4)                              3,025,068        0.0044      13,310 
 Royal Dutch Shell Plc B 
  shares                              2,700        13.990      37,773 
 WisdomTree Copper ETFS                 760        27.481      20,886 
 
 Total Investments                                          1,225,471 
 
 
 

Notes:

1) The above PV calculation is based on 443,442,308 Ordinary shares with a nominal value of 0.1 pence each ("Ordinary Shares") being the Company's issued share capital of 447,942,308 Ordinary Shares less 4,500,000 Ordinary Shares held in treasury.

2) African Pioneer Plc's ("APP") shares comprising 189,459,550 ordinary shares of zero par value each in the capital of the company ("Ordinary Shares") were admitted to the Official List (Standard Segment) and to trading on the Main Market for listed securities of the London Stock Exchange on 1 June 2021. Tiger's current holding in APP is 8,810,056 Ordinary Shares representing a 4.65% interest in APP following Admission.

3) The shares of Kendrick Resources Plc ("Kendrick") 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 Kendrick relating to the company's future plans.

4) Tiger holds 13,618 shares in Corallian Energy Limited ("Corallian"), an unlisted oil and gas appraisal and exploration company which holds interests in 4 basins in the UK; West of Shetland, Central Graben, Inner Moray Firth and Viking Graben. Reabold Resources Plc ("Reabold") acquired Corallian Energy Limited ("Corallian") shares from existing shareholders in exchange for Reabold shares, at a ratio of 474 Reabold shares for 1 Corallian share on 10 May 2021. As part of this offer, Tiger disposed 6,382 Corallion shares in exchange for 3,025,068 shares in Reabold Resources Plc.

   5)   Cash funds held by the Company at 30 June 2021 amounted to GBP100,931.36. 

6) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 30 September 2021. 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 the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information please contact:

 
 Tiger Royalties and 
  Investments 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)

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