TIGER ROYALTIES AND INVESTMENTS PLC

Net Asset Value • Oct 11, 2023

National Storage Mechanism | Additional information

RNS Number : 8314P

Tiger Royalties and Investments PLC

11 October 2023

For immediate release                                                                                        11 October 2023

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 30 September 2023 was 0.08 pence (30 June 2023 - 0.09 pence), both per ordinary share. 

Cash and investments held by the Company as at 30/09/23

Name		Number of shares	Share price	Valuation
£	£
African Pioneer Plc		8,810,056	0.02150	189,416
Bezant Resources Plc		83,870,371	0.00030	25,161
Caerus Mineral Resources Plc (2)		1,000,000	0.03630	36,300
Galileo Resources Plc		6,516,667	0.01050	68,425
Goldquest Mining Corp.		173,500	0.05150	8,936
Jubilee Metals Group Plc		869,600	0.07300	63,481
Kendrick Resources Plc		83,333	0.00680	567
Total Investments				392,286
Cash				44,949
Total cash and Investments				437,235

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 certain contingent payments, representing an estimated £2.40 per share due to Tiger in 2023.  The timing of the potential contingent payments due to Tiger is dependent on when consent is received for the development and production of the Victory gas field from the North Sea Transition Authority. The Company will update shareholders when it receives further information relating to these contingent payments.

3)   All reporting is made on a quarterly basis and accordingly the next announcement will disclose the PV per share and investments at 31 December 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)

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