Tigers Realm Coal's Update on Russian Operations Sale

Tigers Realm Coal Limited (ASX: $TIG) has received shareholder approval for the disposal of its Russian operations, including the participating interests in Limited Liability Company Beringpromugol and Limited Liability Company Beringugolinvest, as well as all issued shares in Joint Stock Company Northern Pacific Coal Company. The total consideration payable by APM-Invest to Tigers Realm Coal pursuant to the share purchase agreement dated 12 April 2024 will be US$49,000,000.

Executive Commentary on Transaction and Future Plans

The Company has successfully obtained shareholder approval for the disposal of its Russian operations, marking a significant step towards the completion of the transaction. Following the completion, Tigers Realm Coal intends to make an initial return of capital to shareholders, consider whether to be listed as an ASX-entity, potentially delist from the ASX, and wind-up. The Company will ensure it has adequate resources to fulfill its obligations to other parties during this period and will continue to keep the shareholders informed of the progress of the Transaction.

Summary of Tigers Realm Coal's Announcement

Tigers Realm Coal (ASX: $TIG) has achieved shareholder approval for the disposal of its Russian operations, including the participating interests in Russian Subsidiaries and the assignment of intercompany loan agreements. The total consideration payable by APM-Invest to Tigers Realm Coal pursuant to the share purchase agreement will be US$49,000,000. Following the completion of the transaction, the Company plans to make an initial return of capital to shareholders, consider its listing as an ASX-entity, potential delisting from the ASX, and winding-up. Tigers Realm Coal will ensure it has adequate resources to fulfill its obligations to other parties and will keep the shareholders informed of the progress of the Transaction.