For immediate release                                                                                      

6 January 2025

Tiger Royalties and Investments Plc

("Tiger" or "the Company")

Results of General Meeting

 Broadened Investing Policy

Acquisition of new subsidiary for technology incubation

Board Changes

Fundraise of £3,000,000

Issue of Shares

Total Voting Rights

Tiger Royalties and Investments PLC is pleased to announce that all resolutions at its general meeting held earlier today ("2025 General Meeting") were passed. 

On 20 December 2024 the Company announced subject to approval at the 2025 General Meeting an expansion of Investing Policy, acquisition of new subsidiary for technology incubation to be led by Jonathan Bixby and a fundraise of £3,000,000 (the "20 December 2024 Announcement"). All terms defined in the 20 December 2024 Announcement have the same meaning in this announcement unless indicated to the contrary.

Further to the 20 December 2024 Announcement and the passing of all resolutions at the 2025 General Meeting the Company confirms that its acquisition of the entire issued share capital of Bixby Technology Inc ("Bixby Technology") from Toro Consulting Limited (a company beneficially owned by Jonathan Bixby) ("Toro") for £325,000 (the "Acquisition") will complete on admission of the Toro Shares (as defined below).  Toro has subscribed £325,000 for 325,000,000 new Ordinary Shares in the Company at the Fundraising Price (defined below) ("Toro Shares") and will receive one warrant per share with a 24-month term and exercisable at the Fundraising Price ("Toro Subscription").  

With effect from Admission: i) Jonathan Bixby will join the Board as an Executive Director Head of Technology Projects; ii) Brian Stockbridge will be appointed as an additional independent non-executive director to support both the new technology investment strategy and governance with effect from Admission; and iii) Michael Nolan, currently a non-executive director, will resign.

The Company has, conditional only on admission of the Fundraising Shares and completion of the Acquisition, raised £3,000,000 before expenses (the "Fundraising") at 0.1 pence per Ordinary Share (the "Fundraising Price") for the issue of 3,000,000,000 new Ordinary Shares (the "Fundraising Shares"). 

The Fundraising comprises a placing of 2,475,000,000 new Ordinary Shares (the "Placing Shares") for £2,475,000 at the Fundraising Price (the "Placing"), via Fortified Securities ("Fortified") with Shard Capital Partners LLP ("Shard") acting as placing agent and share subscriptions for 525,000,000 new Ordinary Shares at the Fundraising Price to raise £525,000 (the "Subscription Shares").

Colin Bird, Executive Chairman commented

"We thank shareholders for their support at the general meeting and look forward to welcoming Jonathan Bixby and Bixby Technology to the Tiger team. I would also like to thank Michael Nolan on behalf of myself and the Board for his wise counsel and support of the Company over the several years he has been a director of the Company and to wish him well in his future endeavours.

Application to admission to trading on AIM ("Admission")

The Fundraising and the Acquisition are conditional on Admission.  In addition to the Fundraising Shares and Toro Shares above, the Company will also be issuing, and as described in the Circular to Shareholders and 20 December 2024 Announcement, 206,479,165 Accrued Conversion Fee Shares, 180,000,000 Fortified Fees Shares and 155,000,000 Transaction Fee Shares (together, the "New Ordinary Shares") to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the total of 3,866,479,165 New Ordinary Shares, which will rank pari passu with existing Ordinary Shares, will commence at 8.00 a.m. on 9 January 2025.

Total Voting Rights after Fundraising

Following the issue of the New Ordinary Shares the Company's total issued share capital will consist of 4,406,107,719 Ordinary Shares.  The Company holds 4,500,000 Ordinary Shares in treasury and accordingly there are no voting rights in respect of these treasury shares. 

On Admission, the figure of 4,401,607,719 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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:

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.