For immediate release 11 April 2024
Tiger Royalties and Investments Plc
('Tiger' or 'the Company')
Quarter-end Portfolio Value Update
The unaudited portfolio value ("PV") (based on investments and cash only) at 31 March 2024 was 0.07 pence (31 December 2023 - 0.08 pence), both per ordinary share.
Cash and investments held by the Company as at 31/03/24
| Name | Number of shares | Share price | Valuation | |
| £ | £ | |||
| African Pioneer Plc | 8,810,056 | 0.01850 | 162,986 | |
| Bezant Resources Plc | 83,870,371 | 0.00020 | 16,774 | |
| Caerus Mineral Resources Plc (2) | 500,000 | 0.01130 | 5,650 | |
| Galileo Resources Plc | 6,516,667 | 0.01050 | 68,425 | |
| Goldquest Mining Corp. | 173,500 | 0.08920 | 15,476 | |
| Jubilee Metals Group Plc | 869,600 | 0.05600 | 48,698 | |
| Kendrick Resources Plc | 83,333 | 0.00480 | 400 | |
| | | | | |
| Total Investments | | | 318,409 | |
|
| | |
| |
| Cash | | | 51,980 | |
| | | |
| |
| Total cash and Investments |
|
| 370,389 | |
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 a potential total consideration of £3.20 for each CEL share. The final contingent payment being £1.10 per CEL share, computing to a total amount £14,979.80 was received by Tiger on 22 January 2024.
3) All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 30 June 2024. 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)
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